This report shows public data only. Is this your organisation? If so, login here to view your full report.

Superannuation Arrangements of the University of London (SAUL)

PRI reporting framework 2018

You are in Organisational Overview » Basic information

Basic information

OO 01. Signatory category and services

01.1. Select the type that best describes your organisation or the services you provide.

01.3. Additional information. [Optional]

SAUL Trustee Company is Trustee and administrator of the Superannuation Arrangements of the University of London (SAUL).  The Scheme was set-up in 1976 and was established to provide retirement benefits for non-academic employees of the University, although all staff are eligible to join.  It now covers 52 colleges and institutions that have links with higher education in the south-east of England, including most of the Colleges of the University of London, Imperial College, the Royal College of Art and the Universities of Kent and Essex. SAUL had over 50,000 members and assets of £3.2 billion as at 31 March 2017.


OO 02. Headquarters and operational countries

02.1. Select the location of your organisation’s headquarters.

United Kingdom

02.2. Indicate the number of countries in which you have offices (including your headquarters).

02.3. Indicate the approximate number of staff in your organisation in full-time equivalents (FTE).

56 FTE

02.4. Additional information. [Optional]

Of the 56 employees mentioned above, the SAUL Investment Team is responsible for the day-to-day implementation and monitoring of SAUL's corporate governance policy and any responsible investment initiatives. The SAUL Investment Team currently comprises two staff; a Chief Investment Officer and an Investment Analyst.


OO 03. Subsidiaries that are separate PRI signatories

03.1. Indicate whether you have subsidiaries within your organisation that are also PRI signatories in their own right.

03.3. Additional information. [Optional]

SAUL has no subsidiaries.


OO 04. Reporting year and AUM

04.1. Indicate the year end date for your reporting year.

31/03/2017

04.2. Indicate your total AUM at the end of your reporting year, Exclude subsidiaries you have chosen not to report on and any advisory/execution only assets.

Total AUM
trillions billions millions thousands hundreds
Currency
Assets in USD
trillions billions millions thousands hundreds

04.5. Additional information. [Optional]

The AUM figure is taken from SAUL's March 2017 annual report and accounts.  Given the use of derivatives (equity futures and UK government bond repos) SAUL's actual market exposure is greater than this.


OO 06. How would you like to disclose your asset class mix

New selection options have been added to this indicator. Please review your prefilled responses carefully.

06.1. Select how you would like to disclose your asset class mix.

Internally managed (%)
Externally managed (%)

 

Listed equity 0 0 10-50% 23
Fixed income 0 0 10-50% 19
Private equity 0 0 <10% 5
Property 0 0 <10% 3
Infrastructure 0 0 <10% 4
Commodities 0 0 0 0
Hedge funds 0 0 0 0
Forestry 0 0 0 0
Farmland 0 0 0 0
Inclusive finance 0 0 0 0
Cash 0 0 <10% 3
Other (1), specify 0 0 <10% 9
Other (2), specify 0 0 10-50% 34

'Other (1)' specified

          Multi-Asset Class Mandates (Real Return and Diversified Alternatives).
        

'Other (2)' specified

          Liability Driven Investment Mandate (UK Government Bonds, Cash and Gilt Repos).
        

06.2. Publish asset class mix as per attached image [Optional].

06.3. Provide contextual information on your AUM asset class split. [Optional]

At 31 March 2017 SAUL employed 20 investment managers across 29 individual mandates to manage the Scheme's assets.  Passive exposure within Listed equities is obtained using equity futures, with the remainder of the Listed equity exposure invested in physical active equity mandates.  The Liability Driven Investment Mandate accounts for the bulk of the Matching assets however SAUL recently implemented a Cashflow Driven Financing Strategy (CDF) using global corporate bonds to match the cash flows of its more mature liabilities.  For the purposes of the PRI reporting, the CDF is included under Fixed Income (above).


OO 07. Fixed income AUM breakdown (Private)


OO 08. Segregated mandates or pooled funds (Private)


OO 09. Breakdown of AUM by market (Private)


Top