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
The BlueSky Pension Scheme appoints Mobius Life as fund administrator for Target Date Funds
Top UK Master Trust selects Mobius Life as its independent institutional platform
One of the UK’s largest Master Trusts, The BlueSky Pension Scheme (TBPS) has appointed institutional pension platform, Mobius Life, to administer a range of Target Date Funds which are offered as a member default.
TBPS is a non-profit arrangement which has operated for over 30 years. It covers over 1 million employees across multiple employers, industries and partnerships.
TBPS’s Target Date Funds are a series of funds tailored to a member’s retirement date. Each Target Date Fund is a diversified investment fund, which adjusts with age and proximity to retirement. It aims to give the highest possible pension income with a high level of risk management.
TBPS’ award winning Target Date Funds are provided by AllianceBernstein (AB), who oversee the strategy ensuring that the mixture of assets is appropriate to the investment markets on a daily basis, using the Mobius Life investment platform.
Paul Bannister, Chief Executive Officer, BlueSky Pensions UK Ltd, said: " the liaison between the BlueSky and Mobius teams was seamless and a faultless service has been provided by Mobius when transitioning over £350m for one of BlueSky's offerings.”
Adrian Swales, Chief Executive Officer, Mobius Life, said: “Combining the benefits of BlueSky’s Master Trust with AB’s Target Date Funds and the investment administration capabilities of Mobius Life provides scheme members and their employers with a flexible, cost efficient and effective means to plan for retirement.
We are thrilled to welcome BlueSky as a client of Mobius Life. We have been able to be flexible and innovate to meet their needs as we are a completely independent life company that is focused solely on investment administration.”
-ENDS-
For further information, please contact:
Mike Lord, Mobius Life
E: [email protected]
M: +44 (0)7831 401 311
www.mobiuslife.co.uk
Notes to Editors:
Mobius Life is a UK life insurance company and institutional investment platform, established in 1996, with over £10 billion assets under administration. We deliver made-to-measure investment administration and life company services to DB and DC pension funds, asset managers and other institutions. Mobius Life empowers investors to implement investment strategies efficiently in a cost effective manner.
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.
