Hymans Robertson Pension Plan cuts carbon footprint by a third
24 Sep 2020
Hymans Robertson, the leading pension and financial services consultancy, has cut the firm’s own staff Pension Plan’s carbon footprint by about 33%*, while delivering lower charges, by launching a new investment strategy for its default arrangement. The launch sees the Plan move successfully from a contract-based to a master trust arrangement in the Legal & General Master Trust, allowing its members to benefit from a smoother path through retirement.
Commenting on the changes, Rona Train, Chair of the Governance Committee, Hymans Robertson Pension Plan, says:
“We’re really excited to be able to deliver a new pension arrangement to our members which not only gives them better value and a projected higher income at retirement, but also does this in a more sustainable way. Our members, and Hymans Robertson as a firm, are very passionate about taking a positive approach to ESG (environmental and social governance). We see this as the first step on our journey to a “net zero” pension scheme over the coming years”.
Commenting on the move of the scheme to a master trust arrangement, Steve Moore, Head of HR, Hymans Robertson, adds:
“The move to the master trust arrangement is a really positive one for us as we can include our self-employed partners in the same scheme as our salaried staff. Not many providers were able to offer this for us and we’re delighted to have worked with Legal & General as our new provider partner, to offer this high quality and flexible pension plan for our staff. This, coupled with our generous contribution structure, will help to deliver good retirement outcomes for our members.”