The JLT Investment Platform, which provides a range of fiduciary management services for pension funds, particularly for those with under £300m of assets, has grown to manage over £3bn on behalf of 150 clients since its launch three years ago.
The platform offers a suite of services, ranging from a straightforward approach for implementing fund managers through to full fiduciary management, bringing together the skills of JLT Investment Management, led by Darryn Lake, which provides tactical asset allocation, portfolio structuring and manager selection services, and JLT Investment Consulting, led by John Breedon, which provides strategic investment advice, flight path development and trigger monitoring.
Over the last three years, the platform has brought added value clients through:
- Speedier manager implementation, reducing the time to change manager from months to days
- Strong tactical asset allocation
- Quality of manager selection
- Cost reduction
Duncan Howorth, CEO, JLT Employee Benefits, comments: “In 2014 alone, the JLT Fiduciary Platform has more than doubled its size compared to a 46% expansion for the entire Fiduciary Management market, according to a KPMG survey. The exceptional success we have enjoyed since the creation of the platform and the commitment we have received from our clients are testament to the quality offering we have developed.
John Finch, Head of Investment Platform, JLT Employee Benefits, says: “Through its integrated approach and aggregation of assets, the platform allows the consulting team to provide a much higher level of service and advice to clients than under the traditional consulting model.
“The Platform allows our clients to fully benefit from our tactical allocation skills and our ability to change fund managers at appropriate times. As we have grown, we have been able to reduce costs, resulting in three waves of cost reductions for clients. In addition, the collaboration of our Investment Management and Investment Consulting teams has generated an additional 2% of return to clients’ funds.”
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Notes to Editors
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JLT Employee Benefits is one of the UK's leading employee benefit providers offering a wide range of benefit and pension services, including administration, actuarial and pension consultancy, investment, Self Invested Personal Pensions (SIPPs) and Small Self Administered Schemes (SSASs) administration, flexible benefits, healthcare, benefit communication and financial education.About JLT Employee Benefits
JLT Employee Benefits employs over 2,200 professionals throughout the UK and in 2013 had revenues of £172m in UK & Ireland.
Pensions and employee benefits companies within the JLT Employee Benefits group of companies include: JLT Benefit Solutions Ltd, Profund Solutions Limited, JLT Wealth Management Limited, JLT Investment Management Limited and Independent Trustee Services Limited. JLT Employee Benefits is part of Jardine Lloyd Thompson Group plc.
About Jardine Lloyd Thompson Group plc
Jardine Lloyd Thompson is one of the world's largest providers of insurance and employee benefits related advice, brokerage and associated services. JLT's client proposition is built upon its deep specialist knowledge, client advocacy, tailored advice and service excellence.
JLT is quoted on the London Stock Exchange and owns offices in 39 territories with some 9,000 employees. Supported by the JLT International Network, it offers risk management and employee benefit solutions in 135 countries.