Mobius Life wins at the UK Pensions Awards 2020

The UK Pensions Awards 2020 recognises the advisers, providers and investment managers that offer the highest level of innovation, performance and service to occupational pension schemes and their members, and have done the most to improve this over the past year.

This year, Mobius Life is very proud to have been recognised as Institutional Investment Platform Provider of the Year. Judges have said that “Mobius is a firm that offers exceptional administrative services” and that it “provides a clean and simple process for buying and selling funds”

Craig Brown, Institutional Distribution Director, has given an interview on what it means to win this award.

What does it mean to win this award?

Winning the award is important to us. We are proud our approach to delivering pension platform services has been endorsed by such a highly regarded panel of judges. It shows our independence, innovation, flexibility and focus on delivering an excellent service to schemes and their consultants is recognised and valued by our peers.

What have been your main achievements as an organisation over the past 18 months?

We launched a specialist fund range to make alternatives strategies available to DB schemes. We introduced ‘smart rebalancing’ to fully automate and simplify DB rebalancing, reducing implementation risk and cost for DB schemes. We have also responded to the growing demand for distribution paying share classes for DB schemes by developing the platform proposition to facilitate the payment of income direct to schemes to pay benefits. To help our clients complete their annual implementation statements, we now provide an ESG reporting service.

What do you believe sets you apart from your peers and contributes to this success?

Mobius Life offers distinct advantages to UK pension schemes which other platforms cannot match. We are fully independent and are not owned or controlled by an asset manager, investment consultant or financial services giant. Our independence means we can focus all our attention on delivering excellent investment administration services. As we do not represent proprietary funds, we avoid conflicts of interest associated with proprietary fund providers. Our clients recognise the difference this makes; we are trusted by 25 of the UK’s leading employee benefits and investment consulting firms to deliver platform services to their clients. In fact, over 740 UK pension schemes use the Mobius Life platform and we now administer more than £21bn of assets.

What are the key challenges facing your pension scheme clients and how are you helping them address these issues?

Our flexible and innovative approach is helping our clients respond to the challenges facing pension schemes. Many of our DB clients need to address deficits, negative cashflows and the challenge of achieving buyout. Our services help them to respond. The wide range of funds on our platform means we can execute schemes’ investment strategies quickly and efficiently. Our trigger point monitoring and rebalancing services help schemes to take advantage of market movements, keeping them on the flightpath to buyout. Our approach to pooling means even small schemes can access strategies that would be unavailable to them off-platform. Clients are increasingly seeing the need for providing more information on transaction costs and their approach to ESG. We are responding to these needs. In DC, we are addressing the challenges and greater demands for innovative default strategies and pre and post-retirement planning. Our fund range enables DC schemes to design their own default funds including TDF, lifestyle and DGF. We also create and blend default funds to meet schemes’ individual needs.

How will you continue to improve your services to pension scheme clients over the coming 12 months?

Mobius Life has consistently innovated. We have blended and wrapped bespoke funds, including property and private market assets. We have listened to our clients and built solutions to fit their requirements. We will build on this record to ensure we meet our clients’ needs today and in the future.