Management Consulting
Aon
Full Credential Description
The Aon MasterTrust partnered with Tumelo to address the growing demand for transparency and engagement among pension members regarding their investments, particularly concerning environmental, social, and governance (ESG) issues. Members of The Aon MasterTrust faced challenges in understanding the companies in which their pension funds were invested and lacked the means to engage with these investments effectively. To tackle these issues, Tumelo developed a software platform that provides members with visibility into their investments, allowing them to explore the companies within their default funds. This platform not only informs members about upcoming shareholder votes but also enables them to express their opinions on critical issues such as gender equality and climate change. The software collects users' voting preferences, communicates them to fund managers before annual general meetings, and reports back to the members, thereby enhancing their engagement and influence over their investments. As a result of this collaboration, there has been a noticeable increase in awareness among scheme members regarding ESG-related matters. Members now have greater oversight of their investments, empowering them to make informed decisions and participate actively in shareholder voting. This initiative represents a significant step forward in the UK pensions industry, promoting a more sustainable investment system and enhancing member engagement through innovative technology.