LifeSight, a £24 billion AUM defined contribution (DC) master trust, has committed to investing £450 million in the Schroders Greencoat Global Renewables+ Long-Term Asset Fund (LTAF). LifeSight, a multi-employer pension trust operated by pensions services provider WTW, will include the new strategy in its core default funds, which are available to 430,000 beneficiaries.
The strategy invests in a diversified portfolio of renewable energy and energy transition-aligned infrastructure assets, including large-scale batteries, energy-efficient heat networks and green hydrogen projects. It targets returns slightly above those of listed equities, offering LifeSight members exposure to high-quality energy transition investments in the UK, Europe, US and other OECD countries.
“This strategic investment underscores LifeSight’s commitment to sustainable and responsible investing, aligning with global efforts to transition to renewable energy sources, with the aim of delivering strong pension outcomes for members,” said Andrew Doyle, Lead Investment adviser for LifeSight,
In May, LifeSight was one of several UK-based pension schemes to sign the Mansion House Accord, committing to invest 10% of growth assets in unlisted private markets. “This is a welcome step to invest more in infrastructure, especially energy infrastructure projects,” said Pensions Minister Torsten Bell.
