Independent Governance Group (IGG) has launched a new data-rich platform designed to enhance pension scheme management.
This IGGiQ platform offers trustees and sponsors real-time access to a range of key metrics to give an overview of the scheme’s performance, with data sourced directly from scheme holdings. IGG has partnered with Impact Cubed to enhance the analysis of this data, particularly around sustainability and ESG.
This platform will show data data on funding levels, while also providing financial risk analysis — enabling users to understand and interrogate the reasons behind any change in funding levels. The platform also maintains a historical record of scheme data and monitors ongoing performance against risks such as ESG.
IGG, a professional trustee and governance group, says the platform will improving trustee decision-making and transparency, and help facilitate more effective dialogue with advisers and investment managers.
Impact Cubed to have create the first modules for IGGiQ, designed to help trustees and investment managers better understand and integrate ESG factors such as biodiversity and climate alignment into their strategy, further enhancing long-term outcomes for beneficiaries, whilst ensuring transparency for all stakeholders.
With over £10bn of pension funds already utilising this ESG Insight module, IGGiQ helps ensure IGG continues to sit at the forefront of promoting responsible and sustainable investing.
IGG says it plans to launch new modules in due course.
IGG CEO Andrew Bradshaw says: “As the LDI crisis of 2022 demonstrated, trustees need to have real-time information at their fingertips in order to make informed decisions.
“IGGiQ is one of the first innovations within the pensions industry to provide schemes with such comprehensive detail. IGG is committed to digitising the pensions industry to help improve governance and member outcomes.
Vikram Chatrath, trustee director and head of funding solutions & analytics says: “Our goal through the development of IGGiQ is to derive greater value by consolidating data centrally, eliminating gatekeeping, and enabling AI-driven self-service for trustees and the schemes they oversee.”
Impact Cubed head of asset owner relations Jennie Baruxakis, adds: “As the demand for sustainable investments grows among plan members, it is crucial for schemes to have comprehensive and accessible insights.
“We’re excited to contribute to this innovative platform, offering precise and actionable ESG data that goes beyond mere ratings. Our partnership with IGGiQ empowers schemes to make informed decisions, aligning investments with sustainability goals and enhancing overall transparency.”