London Borough of Hounslow Appoints AllenbridgeEpic
AllenbridgeEPIC Investment Advisers (â€œAEIAâ€) is pleased to announce that the LondonÂ Borough of Hounslow has appointed AEIA to be the Independent Investment Consultant to itsÂ Pension Fund (â€œthe Fundâ€). Karen Shackleton, a senior adviser with AEIA, and a member ofÂ AEIAâ€™s Investment Panel, will act as the individual advising the Fund.
In that capacity, one of AEIAâ€™s early tasks will be to review the Fundâ€™s internally managedÂ assets. In due course, a wider review of longer term investment strategy will also beÂ undertaken together with a review of the strategic investment benchmark.
Commenting on AEIAâ€™s appointment to the Fund, Christopher Edge, Vice Chairman, said: â€œIÂ am delighted that another leading Local Authority Pension Fund has appointed us as theirÂ independent adviser. In particular we are very pleased to have been selected to provide a fullÂ investment consulting service for Hounslow, to cover strategic asset allocation advice andÂ monitoring of fund managers and implementation of manager search programmes. We lookÂ forward to working closely with the Fund to help in meeting the investment challenges thatÂ confront schemes in both the public and the private sector. AEIAâ€™s panel structure provides aÂ vital mechanism to keep pension fund advisers fully up to speed with developments in theÂ markets and the investment industry overall.â€
Stephen Fitzgerald, London Borough of Hounslowâ€™s Director of Finance, said: â€œAfter anÂ intensive search process we look forward to working with Karen and AEIA to ensure that theÂ Pension Fundâ€™s strategic asset allocation targets and investment performance objectives areÂ successfully achieved by our investment managers. We believe that it is essential for publicÂ sector pension schemes to seek the highest quality independent consulting investment advice,Â in order that the funding of the liabilities can be achieved as cost-effectively as possible. TheÂ Hounslow Fund has been a top performer among local authority funds in recent years; IÂ believe that the partnership with AEIA will help us to build on that existing success.â€
AEIA advises six LGPS funds* with a total value of assets under management of over Â£6.3 billion. Our team of advisers, through their association with AEIA, benefit from FSAÂ regulation and professional indemnity insurance cover, and have the full support ofÂ other advisers within AEIA.
Alick Stevenson Joins AllenbridgeEpic
AllenbridgeEPIC Investment Advisers (â€˜AEIAâ€™) is pleased to announce that Alick Stevenson has joined theÂ Investment Panel at AEIA.
AEIA provides independent investment experts, who have all held senior positions in the investmentÂ industry, to advise pension or charity trustees, investment committees, pension managers and sponsorson investment related issues. Each adviser provides their client with practical, inâ€depth knowledge andexperience of all aspects of the management of pension or charity assets. Clients have the reassurance ofÂ knowing that their adviser is FSA regulated, has professional indemnity insurance and is dedicated to theirÂ fund. Because our focus is purely on investment related issues and the provision of investment advice â€Â we offer no other service or function â€ our work for clients is uncompromised by conflicts of interest. EachÂ adviser shares their knowledge with AEIA colleagues and to ensure that they continue developing theirÂ expertise all AEIAâ€™s advisers meet regularly as a formal Investment Panel. This means that each clientÂ benefits from the total experience of the group as well as that of their individual adviser.
Alick Stevenson has recently retired from the Merchant Navy Officers Pension Fund where he wasÂ Director of Investments, responsible for recommending asset allocation, manager selection and oversight,Â as well as managing the internal audit and governance process, and delivering the Trustee â€˜TKUâ€™Â programme. Prior to this he ran his own consulting business specialising in the provision of interimÂ treasury management services and spent almost fifteen years as Treasurer, EMEA Region, for NortelÂ Networks, the global telecommunications supplier. Â A Fellow of the Association of Corporate Treasurers,Â Alick is also a member of the Marathon Club; was elected to the NAPF Investment Council in 2008; and isÂ currently the independent investment adviser to the London Borough of Newham pension scheme.
Commenting on Alick Stevensonâ€™s appointment to AEIAâ€™s Investment Panel, Christopher Edge, ChiefÂ Executive, said, â€œFollowing his long and distinguished career in treasury and pensions and investmentÂ management, Alick Stevenson brings considerable and invaluable experience of significant pensionÂ schemes to AEIA and its members. This includes experience in the growing field of â€˜fiduciaryÂ managementâ€™ whilst Â Alickâ€™s involvement in the public sector blends with Â AEIAâ€™s focus in this area whereÂ we already advise a number of County Council and London Borough Funds. Â In addition to advisingÂ corporate sector pension schemes Alick will also work closely with AEIAâ€™s existing Panel members, PeterÂ Scales and Keith Bray, on the provision of our specialist LGPS investment, governance and complianceÂ services. He will also strengthen AEIAâ€™s LGPS advisory group, which now numbers six membersâ€.
Alick Stevenson said, “By joining AEIA, I will be putting the knowledge and experience I have gained ofÂ private and public sector pension schemes into practical use and will link with my fellow AEIA PanelÂ members in seeking to improve best practice in the provision of investment advice. Â I expect to benefitÂ significantly from the formal association with my AEIA colleagues, extending my own knowledge andÂ understanding of pension fund investment issues.”
AEIA now has a growing list of pension fund clients in both the private and public sectors, and has beenÂ joined by an impressive group of Investment Panel and Associate members.