AUM in Action

Redington to Advise Cambridge University Pension Scheme

Investment consultancy firm Redington is the new strategic investment adviser of the Cambridge University Assistants’ Contributory Pension Scheme (CUACPS). Redington will work on a retained basis to support the CUACPS Investments Committee in updating the scheme’s investment strategy to better align with their ultra-long-term growth requirements, as well as enhancing CUACPS’ sustainability characteristics, such as how it can utilise its role as an investor and responsible steward of capital to contribute to the climate transition. Tara Gillespie, Head of Global Assets at Redington, said: “We welcome [CUACPS’] commitment to ESG principles that will help to secure a more sustainable future for people and planet, and we look forward to pooling our own expertise across both pensions and endowments to deliver the most effective strategy for the scheme.” The defined benefit pension scheme holds £700 million in assets for its 13,900 members. “The strength of [Redington’s] team and depth of capabilities across both public and private markets – as well as in sustainable investment specifically – will no doubt prove invaluable as we evolve our strategy for our ambitious long-term growth objectives,” said Michael Pratten, Chair of the CUACPS Investments Committee. 

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