Brunel Pension Partnership appoints Fundrock ACS operator
June 13, 2018

Brunel Pension Partnership says it has appointed FundRock Management Company as its Authorized Contractual Scheme (ACS) Operator.

"We felt that FundRock really understand our business and will excel at meeting our requirements," says Joe Webster, Brunel's Chief Operating Officer. "We've chosen to go for an ACS model for our investment management vehicle for around £7.5billion of actively managed equities because of the tax transparency this provides, and the fact it will make operations and transitions simpler, keeping costs lower."

Structure and costs influenced Brunel's decision. "We chose FundRock because they offer the level of commitment and security we're after, and value for money," Webster says. "The model we've selected frees us up to focus on choosing quality managers and lets FundRock do what they are good at."

Under the chosen model, Brunel acts as a Sponsor and Investment Manager of the ACS. FundRock will be responsible for meeting regulation requirements and contractual arrangements.

"The ACS delegates the fund management to us and we sub-delegate to our chosen fund managers," Webster explains. "This model allows us a good degree of flexibility when choosing investment managers. The ACS also performs risk control, adding an additional level of governance and control over our transactions for clients. All in all, it's a good decision for our shareholder client funds in the Brunel partnership."





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Brunel Pension Partnership says it has appointed FundRock Management Company as its Authorized Contractual Scheme (ACS) Operator.

"We felt that FundRock really understand our business and will excel at meeting our requirements," says Joe Webster, Brunel's Chief Operating Officer. "We've chosen to go for an ACS model for our investment management vehicle for around £7.5billion of actively managed equities because of the tax transparency this provides, and the fact it will make operations and transitions simpler, keeping costs lower."

Structure and costs influenced Brunel's decision. "We chose FundRock because they offer the level of commitment and security we're after, and value for money," Webster says. "The model we've selected frees us up to focus on choosing quality managers and lets FundRock do what they are good at."

Under the chosen model, Brunel acts as a Sponsor and Investment Manager of the ACS. FundRock will be responsible for meeting regulation requirements and contractual arrangements.

"The ACS delegates the fund management to us and we sub-delegate to our chosen fund managers," Webster explains. "This model allows us a good degree of flexibility when choosing investment managers. The ACS also performs risk control, adding an additional level of governance and control over our transactions for clients. All in all, it's a good decision for our shareholder client funds in the Brunel partnership."



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