Governance
- The oversight of the quality and integrity of accounting and reporting practices, controls and financial statements
- Reviewing performance of the internal audit function and the independent auditors
- Taking a forward-looking perspective on risk matters
- The oversight, quality and performance of the Risk Management and Compliance functions
The ARC membership consists of three independent non-executive directors of Mobius Life Limited.
We commission BDO LLP to conduct an independent audit to test our compliance with the AAF 01/20 internal control framework principles. Our annual company audit is performed by E&Y. Both audits conduct detailed sample testing across all aspects of the investment platform, with particular emphasis on the investment administration function.
In line with good industry practice, we operate a three lines of defence model with appropriate monitoring of processes and controls provided by the risk and compliance functions and assurance on the effectiveness of those controls provided by internal audit.
Diversity of the governing body
Mobius Life’s governing body has a Board Diversity policy in place to ensure composition of the Board displays diversity in its broadest sense, to enable it to benefit from a range of perspectives, insights and challenges to support good decision making. Recruitment to the Board is made on merit whilst seeking to ensure diversity of thought and experience.
Reporting and disclosures
Stewardship policy
Corporate social responsibility
Building an independent institutional platform solution for the UK pension market
Author
Joshun Sandhu discusses Mobius Life’s ability to provide exceptional investment administration services to pension schemes of all sizes.
Working from the dining room over the past few months provides a great opportunity for reflection. Just six years ago Mobius Life completed its management buy-out to create a fully independent institutional pension platform. We had around £3 billion on the platform and catered for the UK’s mainstream DB and DC schemes.
When we started most of our clients had assets up to £100 million, but now schemes with hundreds of millions in assets are joining the platform as well.
So what’s changed to attract the larger schemes to our platform?
First, we have taken the time to explain our proposition to all of the UK advisory community. At the start we worked with just a handful of advisors, but now we partner with the vast majority of UK pension consultants.
They now have first-hand experience of our service through their clients and have witnessed the capabilities, additional services and funds available on the platform growing year on year. As a result they have been happy to recommend the Mobius Life platform to their larger clients.
Second, the growth in schemes appointing professional trustees has undoubtedly helped as well. Professional trustees recognise the advantages of efficiency, flexibility, execution and governance that using the platform brings and can leverage their expertise across their clients.
Third, I think it’s true to say that in our early days many scheme trustees and consultants saw the platform solution as most suitable for mainstream schemes with lower governance budgets. The reality is that the benefits span the client spectrum and the growth in larger clients utilising platform solutions is a testament to that.
Now trustees and consultants recognise that the ability to simply and efficiently administer investments on the Mobius Life platform is applicable to all schemes. We can transition assets, rebalance portfolios, improve governance and take execution risk away for schemes of all sizes.
Importantly we value all our clients and work to deliver an exceptional platform service to schemes, whether they have a few million in assets or measure their assets in hundreds of millions.
Mobius Life Limited 2nd Floor, 2 Copthall Avenue, London EC2R 7DA
t: + 44 (0)20 7847 3300 f: + 44 (0)20 7847 3399 w: www.mobiuslife.co.uk
Mobius Life Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Registered in England and Wales at: 2nd Floor, 2 Copthall Avenue, London, EC2R 7DA. Registered No. 3104978. For your security telephone conversations may be recorded.
