Bringing you live news and features since 2013
Bringing you news, views and analysis since 2013
Linedata Ed Gouldstone

30893

West Yorkshire Pension Fund chooses Linedata Optima

RELATED TOPICS​

Linedata, a global solutions and services provider to the investment management and credit finance industries, he extended its 16-year partnership with West Yorkshire Pension Fund (WYPF). 

Linedata will lead WYPF’s digital and back-office transformation programme by delivering an integrated solution using Linedata Optima, a suite of tools for improved fund accounting processes, and fund services platform Icon. This will be complemented by business and technical consulting and support.
 
WYPF is a local government pension scheme (LGPS) fund with an asset value of GBP14.4 billion and is a member of the Northern LGPS Pool, which has a total asset pool value of GBP46 billion. WYPF manages 100 per cent of its assets internally, with an operational focus on investment management within the pool.
 
Growing operational complexity and expanded regulatory requirements are increasing the need for LGPS managers to implement robust, fully automated solutions that reduce cost, mitigate risk and help to deliver excellent client service. In response, WYPF conducted a comprehensive review of its digital systems and requirements and selected Linedata to implement a scalable, future-proofed solution.
 
WYPF will use Optima’s web-based, API-driven workflow to digitise processes, better leverage data using advanced data analytics and reporting, and transform its operating model in line with the Northern LGPS Pool’s diverse investment mandates. Automating repeatable tasks will enable WYPF to deploy resources more effectively, reducing operational cost and potential risk. Linedata’s Professional Services team will help WYPF further streamline its operations using Optima’s exception-based digital workflows, which are underpinned by Icon’s powerful fund accounting capabilities.
 
Ola Ajala, Financial Controller, West Yorkshire Pension Fund, says: “At West Yorkshire Pension Fund we pride ourselves on managing 100 per cent of our investment mandates internally. This unique approach enables us to provide better service and returns for the tens of thousands of women and men who trust us to manage their retirement savings. Linedata Icon has consistently proven its worth as a powerful accounting platform and reliable investment book of records. We are delighted to extend our Linedata partnership to include Optima as we fully digitise our back office and transform our operating model in line with the diverse investment mandates of the Northern LGPS Pool.”
 
Ed Gouldstone (pictured), COO Northern Europe, Asset Management, Linedata, says: “Fund accounting offers particular challenges for LGPS pools in terms of fund structure complexity, asset diversity, and unique reporting requirements. Optima enables fund administrators to reimagine their business processes and end-to-end workflows to reflect the realities of today – and tomorrow. We are delighted that WYPF has put its confidence in us and look forward to supporting their continued growth and digital transformation.”

Latest News

Data provider Preqin has published its Deal Flow Monitor: Q1 2024 report, examining trends in..
Global index revenues increased 9.3 per cent in 2023, totalling a record USD5.8 billion, according..
Octopus Investments (Octopus) has announced it has launched a Natural Capital Strategy...

Related Articles

Trends
The trend to buyout among the UK’s smaller defined benefit (DB) schemes continues with a slew of new sub GBP100 million deals announced this month alone...
The trend to buyout among the UK’s smaller defined benefit (DB) schemes continues with a slew of new sub GBP100..
Different flavours
In what is believed to be the first survey of its kind in the UK market, Nedgroup Investments, the investment-led, multi-boutique global asset manager with over USD20 billion under management, recently undertook a survey with 204 UK investment professionals, seeking insights into their perceptions and attitudes towards boutique asset managers...
In what is believed to be the first survey of its kind in the UK market, Nedgroup Investments, the investment-led,..
UK map
UK local government pension schemes (LGPS) are leading the charge on investment in private markets issuing tenders set to be worth billions of pounds in the coming years...
UK local government pension schemes (LGPS) are leading the charge on investment in private markets issuing tenders set to be..
The trend of private equity firms acquiring businesses in the professional services sector continues with CVC Capital Partners eyeing a possible buyout of EY’s Italian consulting branch...
The trend of private equity firms acquiring businesses in the professional services sector continues with CVC Capital Partners eyeing a..
Subscribe to the Institutional Asset Manager newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by