IGG launches digital pensions platform IGGiQ

IGGiQ offers real-time insights for both trustees and sponsors to help facilitate more effective and better informed dialogue with advisers and investment managers. The platform provides a one-stop shop overview across key scheme metrics. Data is sourced directly from a scheme’s holdings and enhanced by insights provided by partners such as Impact Cubed, improving trustee decision-making and transparency.

IGGiQ enables users to understand and interrogate the reasons behind any change in scheme funding levels. The platform also provides financial risk analysis, maintains a historical record of scheme data and monitors ongoing performance against risks such as ESG.

IGG has partnered with Impact Cubed to create the first of many modules for IGGiQ. The module helps 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 the ESG Insight module, IGGiQ helps ensure IGG continues to sit at the forefront of promoting responsible and sustainable investing.

Vikram Chatrath, Trustee Director and Head of Funding Solutions & Analytics said:

“The launch of IGGiQ shows our commitment to helping champion the availability and accessibility of data for the pensions sector. 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.

This initiative marks the first in a series of developments aimed at enhancing transparency, which will improve decision-making and stakeholder engagement.”

Andrew Bradshaw, CEO of Independent Governance Group said:

“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.

Jennie Baruxakis, Head of Asset Owner Relations at Impact Cubed 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.”

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