Pension Funds Insider

Pension Funds Insider brings the latest pensions news and industry insights; from investment and governance updates to new mandate appointments and pensions regulatory information.

Mandates

Image for The deadline has passed

The deadline has passed

Tuesday, May 22, 2018

Are trustees compliant?

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Image for Clearer, quicker, tougher

Clearer, quicker, tougher

Monday, May 21, 2018

Clearer, quicker, tougher - why TPR's new mantra matters to you  

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Image for PPF Levy – Do you know the score?

PPF Levy – Do you know the score?

Thursday, April 12, 2018

Ahead of the PPF levy deadline Robert Palmer explains how checking your data is correct could save more than just money.

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Image for RPMI Railpen appoints Ortec Finance

RPMI Railpen appoints Ortec Finance

Thursday, September 7, 2017

RPMI Railpen, which manages assets of around £25 billion on behalf of the 350,000 members of the Railways Pension Scheme, has adopted new technology to enhance its investment decision making.

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Image for New appointments at LGIM and Now: Pensions

New appointments at LGIM and Now: Pensions

Thursday, August 31, 2017

Now: Pensions has announced the departure of its CEO Morten Nilsson and the appointment of Troy Clutterbuck as interim CEO.

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Image for New hires at Hymans Robertson and Trafalgar House

New hires at Hymans Robertson and Trafalgar House

Thursday, August 24, 2017

Pensions and benefits consultant Hymans Robertson has announced the appointment of Tom Dunster to its research team.

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Image for IPC Media scheme appoints BlackRock as fiduciary manager

IPC Media scheme appoints BlackRock as fiduciary manager

Monday, August 21, 2017

The Trustee of IPC Media Pension Scheme has appointed BlackRock as its fiduciary manager for scheme assets of around £600million, as of April 2017.

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Image for New PLSA council chairs elected

New PLSA council chairs elected

Thursday, August 10, 2017

The Pensions and Lifetime Savings Association (PLSA) has announced that new chairs for its Defined Benefit (DB) and Defined Contribution (DC) councils have been elected.

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Image for New PLSA chief executive announced

New PLSA chief executive announced

Thursday, July 27, 2017

The Pensions and Lifetime Savings Association (PLSA) has announced Julian Mund as its new chief executive, from 1 August 2017.

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Image for Master Trust hires former Now:Pensions head

Master Trust hires former Now:Pensions head

Thursday, April 20, 2017

Salvus Master Trust, a pensions provider that offers workplace pensions to employers in the UK, has appointed Russell Whitmore.

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Image for Pensions movers and shakers

Pensions movers and shakers

Friday, April 7, 2017

Pensions auditor Karen Tasker has been promoted to partner at audit, tax, and consulting firm RSM.

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Image for Cancer Research scheme completes £250m buy-in

Cancer Research scheme completes £250m buy-in

Thursday, March 2, 2017

The trustees of the Cancer Research UK Pension Scheme have completed a £250 million pensioner buy-in with Canada Life.

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Image for Nottinghamshire council awards £300million mandate

Nottinghamshire council awards £300million mandate

Thursday, February 9, 2017

Nottinghamshire County Council Pension Fund has awarded Kames Capital a £300 million buy and hold fixed income mandate.

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Image for L&G makes senior pension appointments

L&G makes senior pension appointments

Tuesday, January 31, 2017

Legal & General has appointed two new senior people to its Pension Risk Transfer team.

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Image for Poulter is new PIP chairman

Poulter is new PIP chairman

Friday, January 20, 2017

The Pensions Infrastructure Platform (PiP) has announced Tony Poulter as its new chairman.

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Image for L&G awarded London Borough of Hillingdon mandate

L&G awarded London Borough of Hillingdon mandate

Thursday, November 3, 2016

LGIM appointed by London Borough of Hillingdon Pension Fund to manage its index-tracking investments.

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Image for Dave King joins Aries Insight

Dave King joins Aries Insight

Friday, August 26, 2016

Aries Insight has announced the expansion of its team with the appointment of a pensions technical consultant.

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Image for Robert Branagh joins Trafalgar House

Robert Branagh joins Trafalgar House

Friday, June 24, 2016

Trafalgar House, the pensions administration specialist, today announced the expansion of its London team with the appointment of Robert Branagh as non-executive director.

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Image for Molson Coors boosts mandate by £65m

Molson Coors boosts mandate by £65m

Thursday, June 2, 2016

The Molson Coors Pension Plan has increased its investment with Kames Capital to £165million.

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Image for Curtis Banks completes acquisition of Suffolk Life

Curtis Banks completes acquisition of Suffolk Life

Thursday, May 26, 2016

Curtis Banks Group has completed its acquisition of Suffolk Life Group from Legal and General Retail Investments.

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Image for Highlands and Islands Enterprise appoints Hymans Robertson

Highlands and Islands Enterprise appoints Hymans Robertson

Thursday, May 19, 2016

The trustees of the defined benefit (DB) scheme of Highlands and Islands Enterprise (HIE), the Scottish Government's economic and community development agency for the Highlands and the Islands, has appointed independent pensions and benefits consultancy Hymans Robertson.

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Image for Kames Capital given £85m extra for Berkshire Fund

Kames Capital given £85m extra for Berkshire Fund

Friday, May 13, 2016

The Royal County of Berkshire Pension Fund has expanded Kames Capital's global income mandate, giving it an additional £85m to manage on its behalf.

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Image for Livingbridge completes acquisition of Broadstone

Livingbridge completes acquisition of Broadstone

Friday, May 6, 2016

A pensions and investment group that employs 131 staff at offices in London, Sheffield and Falkirk has been acquired by Livingbridge.

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Image for Japanese Pension Fund Association appoints Hermes

Japanese Pension Fund Association appoints Hermes

Friday, March 18, 2016

One of Japan's largest pension funds has appointed Hermes EOS to develop and implement its stewardship activities.

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Image for PPF appoints two new non-executive board members

PPF appoints two new non-executive board members

Thursday, January 14, 2016

The Pension Protection Fund (PPF) has announced two new non-executive board members, Kate Jones and Rosemary Hilary.

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Image for L&G completes £230m buy-in

L&G completes £230m buy-in

Friday, January 8, 2016

Legal & General has completed the UK's largest medically underwritten bulk annuity deal with a UK defined benefit pension scheme.

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Image for Northern Powergrid appoints BlackRock

Northern Powergrid appoints BlackRock

Thursday, December 10, 2015

The trustees of the Northern Powergrid Pension Scheme have appointed BlackRock to run its bundled trust-based defined contribution (DC) pension scheme.

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Image for PLSA appoints two new policy leads

PLSA appoints two new policy leads

Thursday, November 26, 2015

The Pensions and Lifetime Savings Association has announced the appointments of Tim Gosling as policy lead for defined contribution (DC), and Luke Hildyard as policy lead for stewardship and corporate governance.

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Image for Man Group wins Clwyd Pension Fund mandate

Man Group wins Clwyd Pension Fund mandate

Friday, November 6, 2015

British hedge fund Man Group has been appointed by the £1.4bn Clwyd Pension Fund to manage its hedge fund investments.

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Image for PAN Governance named independent trustee for Deloitte

PAN Governance named independent trustee for Deloitte

Thursday, October 8, 2015

PAN Governance has been appointed independent trustee of the Deloitte Pensions Master Plan - a master trust arrangement consolidating defined benefit schemes into a single trust.

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Image for New DC pensions head at Legal & General

New DC pensions head at Legal & General

Friday, September 25, 2015

Legal & General Investment Management (LGIM) has announced the appointment of Katharine Photiou to head of workplace DC – product & proposition.

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Image for New Prudential deal with Legal & General

New Prudential deal with Legal & General

Thursday, August 27, 2015

Prudential is addressing pension challenges in its new longevity reinsurance deal with Legal & General.

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Image for The Pensions Trust appoints new regional development manager

The Pensions Trust appoints new regional development manager

Friday, July 24, 2015

Paul O'Sullivan has been appointed as regional development manager for the north by The Pensions Trust.

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Image for BAE Systems appoints Hymans Robertson for seven DB schemes

BAE Systems appoints Hymans Robertson for seven DB schemes

Thursday, July 23, 2015

BAE Systems Group Pensions Schemes appoint Hymans Robertson to provide scheme actuary services across all of its pension schemes.

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Image for Pension Trust assets now at more than £7bn

Pension Trust assets now at more than £7bn

Thursday, July 16, 2015

The Pensions Trust, one of the leading workplace pension funds in the UK, has seen its assets increase to more than £7billion, a rise of 18 per cent from May 2014.

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Image for TFL pension fund appoints BlackRock for £3.8bn investment mandate

TFL pension fund appoints BlackRock for £3.8bn investment mandate

Thursday, June 18, 2015

Transport for London (TfL) has selected BlackRock to manage liability-driven investing (LDI) and passive equity portfolios totalling £3.8bn assets.

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Image for Hayman appoints Spence & Partners for DB Scheme

Hayman appoints Spence & Partners for DB Scheme

Thursday, April 30, 2015

Spence & Partners announced their appointment by the Hayman Limited Retirement Benefits Scheme for their fully integrated DB scheme management service.

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Image for New Japan Head for AXA IM

New Japan Head for AXA IM

Friday, April 10, 2015

AXA Investment Managers (AXA IM) today announces the appointment of Francisco Arcilla as Head of Japan.

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Image for BlackRock appoints independent governance committee for pension schemes

BlackRock appoints independent governance committee for pension schemes

Thursday, April 9, 2015

A new committee has been appointed by BlackRock to oversee contract-based workplace pension schemes for UK clients.

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Image for HSBC Pension Scheme awards mandate to independent asset manager

HSBC Pension Scheme awards mandate to independent asset manager

Friday, November 28, 2014

Fulcrum Asset Management this week announced it has been appointed to help manage HSBC's £20bn pension scheme.

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Image for IFM wins Landmark infrastructure mandates

IFM wins Landmark infrastructure mandates

Friday, November 21, 2014

One of the largest pension funds offered by a local authority has awarded a major infrastructure investment mandate to IFM Investors.

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Image for Lack of competition despite growth for fiduciary management, says KPMG

Lack of competition despite growth for fiduciary management, says KPMG

Thursday, November 6, 2014

The UK fiduciary management market has seen mandates almost double year-on-year, according to latest figures from KPMG.

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Image for Dutch pension scheme for architects hires fiduciary manager

Dutch pension scheme for architects hires fiduciary manager

Friday, September 5, 2014

Dutch pension fund Stichting Pensioenfonds voor de Architectenbureaus has appointed F&C Netherlands as its fiduciary manager.

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Image for Greater Manchester Pension Fund hires commercial property manager

Greater Manchester Pension Fund hires commercial property manager

Thursday, August 28, 2014

The Greater Manchester Pension Fund (GMPF) has awarded a £750m mandate to LaSalle Investment Management.

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Image for Western United Group Pension Scheme completes £500m buy-out

Western United Group Pension Scheme completes £500m buy-out

Thursday, August 21, 2014

Trustees of the Western United Group Pension Scheme have completed a £500m buy-out with Rothesay Life.

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Image for Loomis appoints fiduciary manager

Loomis appoints fiduciary manager

Tuesday, July 8, 2014

Loomis UK Limited pension scheme has appointed Russell Investments as fiduciary manager for the scheme.

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Image for Northern Powergrid Pension Scheme hires investment adviser

Northern Powergrid Pension Scheme hires investment adviser

Tuesday, June 17, 2014

The Northern Powergrid Group Pension Scheme has appointed Aon Hewitt to provide investment advice.

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Image for Local government funds hire global custodian using framework

Local government funds hire global custodian using framework

Wednesday, May 21, 2014

Norfolk, Suffolk and the London Borough of Hackney pension funds have appointed HSBC Securities as a global custodian under the new National Local Government Pension Scheme (LGPS) Framework agreement.

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Image for Thomas Cook hires investment consultant

Thomas Cook hires investment consultant

Thursday, May 8, 2014

Thomas Cook Pension Plan has appointed Barnett Waddingham as an investment consultant.

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Image for BVK hires global REITs manager

BVK hires global REITs manager

Tuesday, April 29, 2014

German pension fund BVK has appointed Principal Global Investors (PGI) to manage its global real estate investment trusts (REITs) portfolio.

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Image for PPF hires six global real estate managers

PPF hires six global real estate managers

Wednesday, April 16, 2014

The Pension Protection Fund (PPF) has appointed six investment managers to oversee a real estate mandate.

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Image for Norcros Security Plan hires actuary

Norcros Security Plan hires actuary

Tuesday, March 25, 2014

The Norcros Security Plan has appointed Buck Consultants as an actuary for its £400m defined benefit (DB) scheme.

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Image for Santander UK scheme hires pension administrator

Santander UK scheme hires pension administrator

Tuesday, March 18, 2014

The trustee of the Santander (UK) Group Pension Scheme has hired JLT as a pension administrator for its defined contribution (DC) and defined benefit (DB) schemes.

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Image for Brakes Final Salary Pension Scheme hires fiduciary manager

Brakes Final Salary Pension Scheme hires fiduciary manager

Wednesday, February 19, 2014

Trustees of the Brakes Final Salary Pension Scheme have hired Cardano as a fiduciary manager for the scheme.

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Image for ICAEW secures medically underwritten buy-in

ICAEW secures medically underwritten buy-in

Tuesday, February 11, 2014

The Institute of Chartered Accountants Staff Pension Fund has completes a £24m medically underwritten buy-in with an undisclosed insurer.

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Image for Fondenergia hires Societe Generale Securities Services

Fondenergia hires Societe Generale Securities Services

Tuesday, February 4, 2014

Italian pension fund Fondenergia has appointed Societe Generale Securities Services (SGSS) to act as its depositary bank.

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Image for Somerfield Pension Scheme selects custodian

Somerfield Pension Scheme selects custodian

Wednesday, January 29, 2014

Somerfield Pension Scheme has hired BNY Mellon to provide custodial and investment accounting services for the £800m scheme.

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Image for Avon Pension Fund selects emerging markets equity manger

Avon Pension Fund selects emerging markets equity manger

Thursday, January 23, 2014

Bath and North East Somerset Council has appointed Unigestion to manage a £165m mandate for the Avon Pension Fund.

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Image for GSK appoints investment advisor

GSK appoints investment advisor

Tuesday, January 14, 2014

The trustees of GlaxoSmithKline's (GSK) pension fund have appointed Cardano as the investment advisor for the scheme.

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Image for Royal Shakespeare Theatre Pension Scheme appoints fiduciary manager

Royal Shakespeare Theatre Pension Scheme appoints fiduciary manager

Wednesday, January 8, 2014

Trustees of the Royal Shakespeare Theatre Pension Scheme have appointed P-Solve as a fiduciary manager.

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Image for Hozelock pension scheme appoints Aon Hewitt

Hozelock pension scheme appoints Aon Hewitt

Monday, January 6, 2014

The Hozelock Limited Pension and Assurance Scheme has hired Aon Hewitt to provide actuarial, investment and pensions management services.

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Image for Local council hires global equity managers

Local council hires global equity managers

Tuesday, December 17, 2013

The London Borough of Bromley Pension Fund has appointed three global equity investment managers.

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Image for Thermo Fisher schemes hire fiduciary manager

Thermo Fisher schemes hire fiduciary manager

Thursday, December 12, 2013

Trustees of Thermo Fisher Scientific's three pension schemes have appointed Aon Hewitt as fiduciary manager.

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Image for Dyfed Pension Fund hires global equity manager

Dyfed Pension Fund hires global equity manager

Thursday, December 12, 2013

The Dyfed Pension Fund has appointed Threadneedle Investments to manage a £150m global equity mandate.

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Image for ERAFP hires equity SRI small cap manager

ERAFP hires equity SRI small cap manager

Friday, December 6, 2013

The Etablissement de Retraite Additionnelle de la Fonction Publique (ERAFP) has appointed Sycomore Asset Management to manage a socially responsible investment (SRI) French small capitalisation mandate.

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Image for Hounslow hires UK property manager

Hounslow hires UK property manager

Tuesday, October 29, 2013

The London Borough of Hounslow Pension Fund has appointed Threadneedle Investments to manage its UK property mandate.

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Image for Local council hires UK property investment manager

Local council hires UK property investment manager

Wednesday, October 23, 2013

The London Borough of Hounslow Pension Fund has appointed Threadneedle Investments to manage its UK property mandate.

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Image for Midcounties Co-op scheme hires fiduciary manager

Midcounties Co-op scheme hires fiduciary manager

Wednesday, October 9, 2013

The Midcounties Co-operative Pension Scheme has appointed Towers Watson as a fiduciary manager.

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Image for SAUL appoints absolute return bond manager

SAUL appoints absolute return bond manager

Tuesday, October 8, 2013

The Superannuation Arrangements of the University of London (SAUL) pension scheme has appointed Payden & Rygel to manage a £80m absolute return fixed income mandate.

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Image for Oxfordshire County Council scheme hires global custodian

Oxfordshire County Council scheme hires global custodian

Wednesday, October 2, 2013

Oxfordshire County Council has hired BNP Paribas Securities Services as a global custodian for its pension fund.

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Image for Pension Trustee Management scheme appoints fiduciary manager

Pension Trustee Management scheme appoints fiduciary manager

Tuesday, October 1, 2013

The Pension Trustee Management pension plan has appointed Cardano as fiduciary manager for the £180m scheme.

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Image for Hampshire County Council selects JP Morgan Chase

Hampshire County Council selects JP Morgan Chase

Thursday, September 26, 2013

Hampshire County Council has appointed JP Morgan Chase Bank NA to be a global custodian for its pension fund.

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Image for Sappi scheme appoints fiduciary manager

Sappi scheme appoints fiduciary manager

Tuesday, September 24, 2013

Trustees of the Sappi UK defined benefit (DB) scheme have appointed SEI as fiduciary manager for the whole £127m fund.

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Image for Shropshire County Pension Fund hires passive global equity manager

Shropshire County Pension Fund hires passive global equity manager

Thursday, August 22, 2013

The Shropshire County Pension Fund has appointed Legal and General Assurance as the fund's passive global equity manager.

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Image for Lookers' schemes hire Aon Hewitt for pension services

Lookers' schemes hire Aon Hewitt for pension services

Thursday, August 22, 2013

Lookers plc, an automotive retailer and distributor, has appointed Aon Hewitt to provide actuarial advice, investment consulting and pension administration services for its pension schemes.

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Image for USS Ltd outsources ICT infrastructure

USS Ltd outsources ICT infrastructure

Monday, August 12, 2013

Universities Superannuation Scheme Limited (USS Limited) has outsourced all of its IT operations to improve efficiencies in its ICT infrastructure.

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Image for University of St Andrews selects NOW: Pensions

University of St Andrews selects NOW: Pensions

Tuesday, August 6, 2013

The University of St Andrews has appointed NOW: Pensions to provide auto-enrolment for its 460 eligible employees.

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Image for PPF hires new insolvency risk provider

PPF hires new insolvency risk provider

Thursday, August 1, 2013

The Pension Protection Fund (PPF) has replaced Dun & Broadstreet (D&B) with Experian as its insolvency risk provider.

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Image for Strathclyde Pension Fund hires 3 managers in framework agreement

Strathclyde Pension Fund hires 3 managers in framework agreement

Thursday, July 25, 2013

Strathclyde Pension Fund has hired three managers as part of a framework agreement to look after the scheme's passive fundamental equity portfolio.

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Image for Shropshire County Pension Fund hires hedge fund manager

Shropshire County Pension Fund hires hedge fund manager

Thursday, July 25, 2013

Shropshire County Pension Fund has appointed Brevan Howard Asset Management as a multi-strategy hedge fund manager.

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Image for SPMS extends Aviva's mandate

SPMS extends Aviva's mandate

Wednesday, July 10, 2013

Dutch fund Stichting Pensioenfonds Medisch Specialisten (SPMS) has appointed Aviva Investors to manage an additional €200m of assets in a global real estate mandate.

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Image for NEST hires L&G as real estate manager

NEST hires L&G as real estate manager

Monday, July 8, 2013

The National Employment Savings Trust (NEST) has awarded Legal & General Investment Management with two real estate mandates.

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Image for Coca-Cola Enterprises Pension Scheme hires Kames Capital

Coca-Cola Enterprises Pension Scheme hires Kames Capital

Thursday, July 4, 2013

The Coca-Cola Enterprises Pension Scheme has awarded a £32m indirect property mandate to Kames Capital.

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Image for Lafarge UK pension plan appoints fiduciary manager

Lafarge UK pension plan appoints fiduciary manager

Monday, June 24, 2013

The Lafarge UK Pension Plan has hired Towers Watson as fiduciary manager for its £2.6bn fund.

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Image for Kingfisher Pension Scheme hires LGT Capital Partners

Kingfisher Pension Scheme hires LGT Capital Partners

Wednesday, June 19, 2013

Kingfisher Pension Scheme trustees have awarded a £100m multi-alternatives mandate to LGT Capital Partners.

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Image for Wolverhampton City Council hires 6 managers

Wolverhampton City Council hires 6 managers

Friday, June 14, 2013

Wolverhampton City Council has hired six global emerging markets equities managers for the West Midlands Pension Fund.

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Image for Heineken hires Capita for closed DB scheme

Heineken hires Capita for closed DB scheme

Monday, June 10, 2013

Heineken UK has hired Capita Employee Benefits to be the pensions administrator for its Scottish & Newcastle Pension Plan.

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Image for West Sussex Pension Fund hires UBS

West Sussex Pension Fund hires UBS

Thursday, May 23, 2013

The West Sussex Pension Fund has appointed UBS Global Asset Management as an investment manager for part of the fund.

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Image for Global Marine Systems hires Aon Hewitt for delegated services

Global Marine Systems hires Aon Hewitt for delegated services

Wednesday, May 15, 2013

The Global Marine Systems pension scheme trustees have appointed Aon Hewitt to provide delegated investment consulting services.

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Image for PPF to bring member services in-house

PPF to bring member services in-house

Monday, May 13, 2013

The Pension Protection Fund (PPF) will be providing in-house services to its members from 2014 and has awarded a contract to a specialist systems provider.

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Image for Local government schemes hire 6 investment consultants

Local government schemes hire 6 investment consultants

Wednesday, May 1, 2013

A number of Local Government Pension Schemes (LGPS) have established a multi-provider framework agreement to provide investment consultancy services.

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Image for RNIB pension scheme expands Aon Hewitt's remit

RNIB pension scheme expands Aon Hewitt's remit

Tuesday, April 23, 2013

The Royal National Institute of the Blind (RNIB) has hired Aon Hewitt to provide actuarial, investment, pension administration and broking services for its pension scheme.

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Image for Northern Ireland LGOS committee hires bond manager

Northern Ireland LGOS committee hires bond manager

Thursday, April 18, 2013

The Northern Ireland Local Government Officers' Superannuation Committee has selected Wellington Management Company to be its active bond investment manager.

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Image for Environment Agency hires asset manager for real assets

Environment Agency hires asset manager for real assets

Monday, April 15, 2013

The Environment Agency Pension Fund has hired an asset manager to invest in, and administer, 'real' assets for its globally diversified segregated portfolio of funds.

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Image for Metroline hires fiduciary manager

Metroline hires fiduciary manager

Friday, April 12, 2013

Metroline trustees have appointed SEI as fiduciary manager to its two defined benefit schemes, which have a total of £51.6m in assets.

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Image for University of Leicester pension scheme hires Aon Hewitt

University of Leicester pension scheme hires Aon Hewitt

Thursday, April 4, 2013

The University of Leicester Pension and Assurance Scheme has appointed Aon Hewitt to provide actuarial advice and pension administration.

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Image for Manchester Airports Group hires Buck

Manchester Airports Group hires Buck

Tuesday, March 26, 2013

Manchester Airports Group (MAG) has appointed Buck Consultants to provide actuarial, consulting and administration services for its new £100m defined benefit (DB) pensions scheme.

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Image for CalPERS announces partnership with Standard Life

CalPERS announces partnership with Standard Life

Tuesday, March 26, 2013

The California Public Employees' Retirement System (CalPERS) has awarded a $500m mandate to Standard Life Investments as part of its multi-asset class (MAC) partners programme.

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Image for New actuarial adviser for Teesside Pension Fund

New actuarial adviser for Teesside Pension Fund

Monday, March 25, 2013

Middlesbrough Borough Council appointed Aon Hewitt to provide actuarial advice to Teesside Pension Fund.

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Image for BNY Mellon appointed global credit manager

BNY Mellon appointed global credit manager

Monday, March 25, 2013

London Borough of Barking and Dagenham Pension Fund has hired BNY Mellon Asset Management International Limited as a global credit investment manager.

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Image for The Environment Agency hires 2 global equity managers

The Environment Agency hires 2 global equity managers

Tuesday, March 12, 2013

The Environment Agency Pension Schemes has hired two low volatility global equity managers.

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Image for East Sussex County Council Pension Fund hires global equity managers

East Sussex County Council Pension Fund hires global equity managers

Tuesday, March 12, 2013

East Sussex County Council has hired a number of global equity managers for its pension fund.

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Image for Northern Ireland Local Government Officers' Superannuation Committee appoints actuarial adviser

Northern Ireland Local Government Officers' Superannuation Committee appoints actuarial adviser

Monday, March 11, 2013

The Northern Ireland Local Government Officers' Superannuation Committee (NILGOSC) has appointed Aon Hewitt as actuarial adviser to the Local Government Pension Scheme for Northern Ireland.

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Image for NOW: Pensions wins new business

NOW: Pensions wins new business

Monday, February 25, 2013

NOW: Pensions, the independent multi-employer trust, has been appointed to provide its auto-enrolment services to the pension scheme of a multi-specialist recruitment consultancy.

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Image for Lothian Pension Fund establishes global emerging markets equities framework

Lothian Pension Fund establishes global emerging markets equities framework

Monday, February 25, 2013

Lothian Pension Fund has hired four global emerging markets equities managers.

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Image for Local authority hires 4 managers in framework agreement

Local authority hires 4 managers in framework agreement

Tuesday, February 19, 2013

London Borough of Barking and Dagenham has hired four managers as part of a framework agreement to look after the fund's long-only global equity.

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Image for Cornwall selects manager for DGF mandate

Cornwall selects manager for DGF mandate

Thursday, January 31, 2013

Cornwall Pension Fund has appointed Invesco Perpetual to manage its £50m diversified growth (DGF) mandate.

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Image for Local authority appoints investment consultant

Local authority appoints investment consultant

Wednesday, January 30, 2013

The Royal Borough of Kingston upon Thames pension fund has appointed Aon Hewitt as an investment consultant.

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Image for PIC seals second deal with Cookson

PIC seals second deal with Cookson

Tuesday, January 22, 2013

Pension Insurance Corporation (PIC), a specialist insurer, has signed a second bulk annuity policy with the Cookson Group Pension Plan, now sponsored by metals company Vesuvius following the recent demerger of Cookson Group.

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Image for Britvic NI hires pension service provider

Britvic NI hires pension service provider

Thursday, January 17, 2013

The trustee of the Britvic Northern Ireland Pension Plan has announced they hired a consultancy firm to provide a full pension services package.

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Image for Cornwall Pension Fund hires manager for LDI mandate

Cornwall Pension Fund hires manager for LDI mandate

Thursday, January 17, 2013

Cornwall Pension Fund is the latest in what is currently only a handful of local authority pension funds to embrace LDI.

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Image for Scottish scheme hires 6 managers in framework agreement

Scottish scheme hires 6 managers in framework agreement

Tuesday, January 8, 2013

The Fife council pension scheme in Scotland has announced a framework agreement consisting of six asset managers.

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Image for Berlin's Brandenburg airport takes care of its fire-service

Berlin's Brandenburg airport takes care of its fire-service

Tuesday, January 8, 2013

Though it's mainly been in the news due to its fourth delay of opening, Berlin's Brandenburg airport has recently also announced it hired a new pensions service provider.

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Image for Hertfordshire County Council hires alternatives manager

Hertfordshire County Council hires alternatives manager

Tuesday, January 8, 2013

Just in time to be listed as a mandate for 2012, Hertfordshire County Council announced it has hired a new alternatives manager.

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Image for Pension scheme hires new administrator

Pension scheme hires new administrator

Thursday, January 3, 2013

The Dutch pension scheme of TNO, the institute for applied technical research, has hired a new firm to look after the scheme's pensions administration.

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Image for Aberdeen wins emerging corporate bond mandate

Aberdeen wins emerging corporate bond mandate

Wednesday, December 19, 2012

Aberdeen Asset Management has been awarded an emerging markets corporate bond mandate by a large Danish administration company.

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Image for Towers Watson bags new actuary contract

Towers Watson bags new actuary contract

Wednesday, December 19, 2012

A global packaging firm has appointed Towers Watson as scheme actuary to its pension plan.

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Image for General Motors completes bulk annuity transaction with Rothesay Life

General Motors completes bulk annuity transaction with Rothesay Life

Thursday, December 13, 2012

Pensions insurer Rothesay Life has secured a £230m bulk annuity transaction with General Motors UK Retirees Pension Plan, protecting the pensions of the plan's 11,000 members.

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Image for Merchant Navy secures pensions buy-in with Rothesay Life

Merchant Navy secures pensions buy-in with Rothesay Life

Thursday, December 13, 2012

The Merchant Navy Officers Pension Fund (MNOPF) has purchased a bulk annuity insurance policy with insurance provider Rothesay Life, securing approximately £680m of members' pension benefits in its Old Section.

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Image for Berkshire Pension Fund appoints global equity manager

Berkshire Pension Fund appoints global equity manager

Wednesday, December 12, 2012

The Royal County of Berkshire Pension Fund has hired an investment manager to look after a £70m global equity income mandate.

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Image for Hermes closes Swiss deal

Hermes closes Swiss deal

Monday, December 10, 2012

Hermes Fund Managers (Hermes) has announced it has been awarded a $120m mandate by a Swiss trust for pension funds.

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Image for Mandate win for Standard Life

Mandate win for Standard Life

Monday, December 10, 2012

Global investment manager Standard Life Investments announced that it has been awarded a new fixed income mandate.

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Image for Pension fund hires State Street as custodian

Pension fund hires State Street as custodian

Thursday, December 6, 2012

State Street Corporation has announced that it will provide custody, fund accounting, risk analysis and performance and analytics to a pension fund with approximately $1bn in assets under management.

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Image for NOW:Pensions signs a new client

NOW:Pensions signs a new client

Tuesday, December 4, 2012

NOW: Pensions, the independent multi-employer trust, is to provide its auto-enrolment services to the pension scheme of a leading recruitment business.

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Image for London Stock Exchange Retirement Plan appoint new legal adviser

London Stock Exchange Retirement Plan appoint new legal adviser

Thursday, November 29, 2012

The trustees of the London Stock Exchange Retirement Plan have announced the appointment of a new legal adviser.

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Image for Demand for Mercer's pick and mix pension solution grows

Demand for Mercer's pick and mix pension solution grows

Wednesday, November 28, 2012

Mercer's pensions and savings solution, Mercer Workplace Savings (MWS), now has £2.2bn worth of committed assets under management after being awarded contracts to provide over 50 clients with its product.

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Image for PPF appoints 7 new managers

PPF appoints 7 new managers

Monday, November 26, 2012

The Pension Protection Fund (PPF) has appointed seven fund managers as part of its development of its alternative investment portfolio.

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Image for Tyne & Wear re-hires UK property manager

Tyne & Wear re-hires UK property manager

Thursday, November 22, 2012

The £4.3bn Tyne and Wear Pension Fund, which is run by South Tyneside council, has announced it has re-hired Aberdeen Asset Management to manage its UK property portfolio.

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Image for PGGM acquires research products for ESG integration

PGGM acquires research products for ESG integration

Thursday, November 22, 2012

Dutch pension administrator PGGM Vermogensbeheer (PGGM) has chosen MSCI ESG Research, a data and analysis provider, to supply environmental, social and governance (ESG) research, rating and screening tools.

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Image for Leicestershire pension fund hires new investment manager

Leicestershire pension fund hires new investment manager

Wednesday, November 21, 2012

Leicestershire county council pension fund has announced it has hired Aspect Capital as a managed futures manager by the scheme to invest 3.5% of its total fund assets, which are currently worth around £80m.

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Image for Standard Life reappoints SSAS provider

Standard Life reappoints SSAS provider

Monday, November 12, 2012

Rowanmoor Pensions, an independent SSAS provider and a bespoke SIPP and Family Pension Trust operator, has been reappointed by Standard Life to carry out the administration for its SSAS portfolio.

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Image for First Quadrant wins mandate with Associated British Foods

First Quadrant wins mandate with Associated British Foods

Monday, November 12, 2012

Investment firm First Quadrant, which specializes in dynamic asset allocation and optimal alpha strategies, announced that on of its funds has been selected by the Associated British Foods defined contribution (DC) pension scheme.

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Image for The Pensions Trust selects manager for auto-enrolment offering

The Pensions Trust selects manager for auto-enrolment offering

Thursday, November 8, 2012

Third sector pension provider The Pensions Trust has announced the selection of AllianceBernstein for its new auto-enrolment offering.

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Image for JLT to run Aegon's DB business

JLT to run Aegon's DB business

Friday, November 2, 2012

JLT Benefit Solutions' (JLT) business is expanding rapidly as it announced to take over running Aegon's portfolio of defined benefit (DB) schemes, and some related client portfolios.

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Image for Middlesbrough Council hires global custodian

Middlesbrough Council hires global custodian

Thursday, November 1, 2012

Middlesbrough Council hired a new global custodian to provide global custody, monthly valuation and foreign exchange services to the Teesside pension fund.

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Image for Local authority pension fund hires new manager

Local authority pension fund hires new manager

Thursday, November 1, 2012

Merseyside Council has found a new manager to invest £1.4bn in assets of its pension fund with.

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Image for Aviva Investors wins real estate mandate

Aviva Investors wins real estate mandate

Thursday, October 25, 2012

Aviva Investors announced that it has won a mandate from the Rank Hovis McDougall (RHM) pension scheme to be managed by their real estate multi-manager team.

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Image for Associated British Foods appoints default fund provider

Associated British Foods appoints default fund provider

Tuesday, October 23, 2012

Associated British Foods (ABF) has announced it will offer its pension scheme members flexible target date funds as the default defined contribution (DC) investment option.

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Image for Merseyside Pension Fund selects new custodian

Merseyside Pension Fund selects new custodian

Monday, October 22, 2012

The Merseyside local authority pension scheme has selected Northern Trust to provide global custody, investment accounting, securities lending and commission recapture services.

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Image for USS invests £100m in South East Water

USS invests £100m in South East Water

Monday, October 22, 2012

The Universities Superannuation Scheme (USS) has provided £100m in 25-year inflation linked financing to South East Water through the private placement of an index-linked note.

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Image for Willis Pension Scheme awards hedge funds mandate

Willis Pension Scheme awards hedge funds mandate

Tuesday, October 9, 2012

The trustees of the £1.5bn Willis Pension Scheme have found a manager to handle a large portion of its hedge fund portfolio on a fiduciary basis, following a competitive tender.

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Image for British Airways appoint SHILLING to communicate auto-enrolment

British Airways appoint SHILLING to communicate auto-enrolment

Tuesday, October 9, 2012

Employee benefit communication company, SHILLING Communication, has been appointed by British Airways to provide the communications relating to their annual 'Pensions Month.'

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Image for Two new European pension mandates for Russell

Two new European pension mandates for Russell

Wednesday, October 3, 2012

Two large European pension schemes have hired Russell Indexes for new strategies.

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Image for Pensioenfonds Horeca & Catering awards emerging market equities mandate

Pensioenfonds Horeca & Catering awards emerging market equities mandate

Friday, September 28, 2012

The Dutch pension scheme for the hospitality and catering industry has awarded a £62m ($101m) emerging market equities mandate.

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Image for Sandwich retailer signs with The People's Pension

Sandwich retailer signs with The People's Pension

Tuesday, September 25, 2012

B&CE's The People's Pension has been appointed by a large sandwich retailer in the UK to manage its auto-enrolment offering.

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Image for SAUL hires new LDI manager

SAUL hires new LDI manager

Tuesday, September 18, 2012

The University of London Superannuation fund (SAUL) has appointed Legal & General Investment Management (LGIM) as its liability driven investment (LDI) manager, extending its 10-year relationship with the firm.

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Image for B&CE signs social housing provider to The People's Pensions

B&CE signs social housing provider to The People's Pensions

Tuesday, September 11, 2012

The People's Pension, from workplace pension provider B&CE, has been selected by MEARS as its auto-enrolment pension provider of choice.

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Image for Morrisons hires administrator for new cash balance scheme

Morrisons hires administrator for new cash balance scheme

Friday, August 31, 2012

Supermarket chain Morrisons today announces it has entered into a five-year contract with Capita Hartshead to provide pension scheme administration and auto-enrolment processing for its brand new cash balance scheme.

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Image for BASF to increase member engagement through new appointment

BASF to increase member engagement through new appointment

Tuesday, August 28, 2012

BASF, the world's leading chemical company, has appointed employee benefit communication company SHILLING Communication to help increase member engagement and education of members across their UK-based pension schemes.

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Image for Travis Perkins Group launches pensions master trust

Travis Perkins Group launches pensions master trust

Wednesday, August 22, 2012

The Travis Perkins Group is to launch a pensions master trust with Standard Life, combining all its contract- and trust-based schemes into one.

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Image for Scottish Life teams up with NEST

Scottish Life teams up with NEST

Wednesday, August 22, 2012

Scottish Life, the pensions arm of the Royal London Group, has announced a partnership with the National Employment Savings Trust (NEST), which will enable advisers to offer an integrated automatic enrolment solution to their clients.

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Image for PPF adds new names to active bond managers panel

PPF adds new names to active bond managers panel

Friday, August 17, 2012

The Pension Protection Fund (PPF) has added ten new names to its panel of active bond managers in order to help it embark on the next phase of managing a wider fixed income investment portfolio.

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Image for CBRE Global Investors wins £120m property mandate

CBRE Global Investors wins £120m property mandate

Wednesday, August 15, 2012

Global real estate investment management firm CBRE Global Investors has won a £120m mandate from EDS Trustee, the pension plan sponsored by Hewlett-Packard.

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Image for UK scheme hires SEI as fiduciary manager

UK scheme hires SEI as fiduciary manager

Friday, August 3, 2012

C Brewer & Sons, a painting and decorating supplier, has appointed SEI as their fiduciary manager. SEI will provide these services to the two defined benefit (DB) schemes of the firm which have combined assets of £108m.

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Image for Italian pension schemes appoint depositary bank

Italian pension schemes appoint depositary bank

Friday, August 3, 2012

State Street Corporation has announced it will provide depositary bank services to the main two pension schemes of the Monte dei Paschi bank in Italy.

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Image for NEST seeks suppliers for an Investment Advice Framework

NEST seeks suppliers for an Investment Advice Framework

Thursday, August 2, 2012

NEST Corporation (NEST) has issued a tender revealing it is seeking suppliers for an Investment Advice Framework.

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Image for Pension Insurance Corporation announces new reinsurance transaction

Pension Insurance Corporation announces new reinsurance transaction

Monday, July 30, 2012

Pension Insurance Corporation announced this week that it has hedged a substantial part of their longevity risk through reinsurance with Munich Re.

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Image for NOW: Pensions closes new contract

NOW: Pensions closes new contract

Wednesday, July 25, 2012

Facility services provider ISS UK has appointed NOW: Pensions to the provide its auto-enrolment pension scheme.

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Image for Chinese mega fund hires overseas managers

Chinese mega fund hires overseas managers

Wednesday, July 25, 2012

China's National Council for Social Security Fund (NCSSF), which manages just over £100bn, has announced it had recruited 12 international investment managers last week.

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Image for BNY Mellon scoops up custody mandate

BNY Mellon scoops up custody mandate

Tuesday, July 24, 2012

BNY Mellon has been awarded a contract that will see the firm provide custody services and investment administration solutions to Taiwan's Bureau of Labour Insurance.

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Image for Buy-in deal announced for Cookson Group pension plan

Buy-in deal announced for Cookson Group pension plan

Thursday, July 19, 2012

The Cookson Group pension plan agreed upon a £320m pension insurance buy-in with the Pension Insurance Corporation (PIC) it was announced.

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Image for Graham & Brown retirement scheme enters buy-in agreement

Graham & Brown retirement scheme enters buy-in agreement

Wednesday, July 18, 2012

The trustees of the Graham & Brown retirement benefits scheme have signed a second pension insurance buy-in agreement this week with the insurance company Pension Insurance Corporation (PIC).

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Image for RBS pension scheme hires manager for infrastructure mandate

RBS pension scheme hires manager for infrastructure mandate

Tuesday, July 17, 2012

The RBS Group pension fund has allocated an initial £750m to the Australian firm Hastings Funds Management to manage and develop private market infrastructure assets.

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Image for Merseyside pension fund appoints Mercer for manager selection

Merseyside pension fund appoints Mercer for manager selection

Friday, July 13, 2012

Mercer has been appointed by the Merseyside pension fund to provide advice on the manager selection process for a passive investment mandate worth between £1,000m and £1,500m.

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Image for Aon Minet pension scheme enters into buy-in agreement

Aon Minet pension scheme enters into buy-in agreement

Wednesday, July 11, 2012

The trustees of the Aon Minet Pension Scheme have signed a second pension insurance buy-in agreement this week with the insurance company Pension Insurance Corporation (PIC).

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Image for Wessex Water pension scheme hires fiduciary manager

Wessex Water pension scheme hires fiduciary manager

Wednesday, July 11, 2012

The £400m Wessex Water pension scheme has hired Russell Investments to provide fiduciary management services.

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Image for CalPERS shortlists four managers for multi-asset class portfolio

CalPERS shortlists four managers for multi-asset class portfolio

Friday, July 6, 2012

The California Public Employees' Retirement System (CalPERS) is intending to sign two new strategic partners to manage a multi-asset class portfolio and provide insights and analytics on asset allocation and portfolio construction decisions.

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Image for Biggest pension scheme selects managers for emerging markets

Biggest pension scheme selects managers for emerging markets

Friday, July 6, 2012

Japan's Government Pension Investment Fund (GPIF) announced it selected six asset managers to make its first investments in emerging markets in a bid to boost returns after rising payout obligations. The move is an important step towards diversifying the fund's portfolio.

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Image for Local government pension scheme hires Prudential as sole AVC provider

Local government pension scheme hires Prudential as sole AVC provider

Tuesday, June 26, 2012

Derbyshire County Council pension fund has chosen for Prudential to be its sole provider of the additional voluntary contribution (AVC) pension arrangement it offers to its members.  

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Image for Scotland's largest port company hires new pensions advisor

Scotland's largest port company hires new pensions advisor

Tuesday, June 26, 2012

The Forth Ports Group pension scheme has appointed Punter Southall to provide a full range of actuarial and investment consultancy services.

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Image for Schroders wins Boots property mandate

Schroders wins Boots property mandate

Monday, June 25, 2012

The pension scheme of the UK's leading drugstore Boots has appointed asset manager Schroders' property multi-manager team to manage a £135 million portfolio.

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Image for Muzinich & Co. wins high yield pension scheme mandate

Muzinich & Co. wins high yield pension scheme mandate

Wednesday, June 20, 2012

High yield and corporate credit fund manager Muzinich & Co. has won a £31m pension fund mandate.

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Image for Mandate round-up: ING Investment Management wins another pension scheme mandate

Mandate round-up: ING Investment Management wins another pension scheme mandate

Friday, June 8, 2012

This week's mandate round-up includes State Street, SVM Asset Management, Mercer, PMI, Swiss Re and the AkzoNobel Pension Scheme.

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Image for Mandate round-up: Berenberg Bank secures currency hedging mandate for Wiltshire County Council Pension Fund

Mandate round-up: Berenberg Bank secures currency hedging mandate for Wiltshire County Council Pension Fund

Thursday, May 24, 2012

This week's mandate round-up includes Berenberg Bank, Wiltshire County Council Pension Fund, State Street Global Advisors, Standard Life Investments, Nykredit, CalPERS and GI Partners.

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Image for Mandate Round-Up: CalSTRS selects private equity consultant

Mandate Round-Up: CalSTRS selects private equity consultant

Friday, May 11, 2012

This mandate round-up includes: GES Investment Services, Strathclyde Pension Fund, Gartmore Group pension scheme, Pension Insurance Corporation (PIC), Pension Consulting Alliance and CalSTRS.

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Image for Mandate round-up: NOW: Pensions appoints BNY Mellon as custodian and investment administrator

Mandate round-up: NOW: Pensions appoints BNY Mellon as custodian and investment administrator

Thursday, April 26, 2012

This mandate round-up includes BNY Mellon, NOW: Pensions, West Midlands Pension Fund, Oxfordshire County Council Pension Fund, bfinance, Wellington Management and the Pension Insurance Corporation.

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Image for Mandate round-up: Berks wants a new hedge, NEST gets active, Merseyside & Strathclyde frameworks

Mandate round-up: Berks wants a new hedge, NEST gets active, Merseyside & Strathclyde frameworks

Thursday, April 19, 2012

Berkshire is a happy county as well as a royal one this week, with local sporting pride boosted by Reading's promotion to the Premier League. Astute financial management has been a hallmark for the club while they have consistently punched above their weight over the last decade.

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Image for Mandate round-up: Local pension fund announces two framework agreements

Mandate round-up: Local pension fund announces two framework agreements

Tuesday, April 10, 2012

This week's mandate round-up includes the Wiltshire Pension Fund, the West Midlands Pension Fund, Standard Life, Vanguard, State Street Global Advisors, Pareto, Berenberg Bank, Newton Investment Management, Baring Asset Management, Pyrford International and PIRC.

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Image for Mandate round-up: Dutch hospitality scheme hires Northern Trust Global Investments for global real estate index portfolio

Mandate round-up: Dutch hospitality scheme hires Northern Trust Global Investments for global real estate index portfolio

Monday, March 26, 2012

This week's mandate round-up includes LCP, F&C, Standard Life, Capita Hartshead, and Northern Trust.

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Image for Teacher Retirement System of Texas invests in money manager Bridgewater 

Teacher Retirement System of Texas invests in money manager Bridgewater 

Friday, March 9, 2012

This week's mandate round-up includes Barclays, the Teacher Retirement System of Texas, and Dutch scheme Getronics.

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Image for CalSTRS awards infrastructure mandate to IFM

CalSTRS awards infrastructure mandate to IFM

Thursday, March 1, 2012

The California State Teachers' Retirement System (CalSTRS) which is worth around $130bn, has awarded Industry Funds Management (IFM) an infrastructure mandate worth up to $500m. 

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Image for Swiss pension fund attacked for hiring American custodian

Swiss pension fund attacked for hiring American custodian

Thursday, January 5, 2012

A major Swiss public pension fund has been criticised by a newspaper for awarding a custodian mandate to an American bank

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Image for Mandate round-up: Uniq buy-in deal, PPF's new LDI managers 

Mandate round-up: Uniq buy-in deal, PPF's new LDI managers 

Thursday, December 15, 2011

The latest pension fund mandate wins include another large buy-in deal, for Rothesay Life, and the appointment of an adviser to watch over the Macmillan Cancer Support Pension Fund's fiduciary manager 

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Image for The Pensions Trust appoints Cardano for Growth Plan

The Pensions Trust appoints Cardano for Growth Plan

Tuesday, November 15, 2011

Fiduciary manager Cardano has been appointed by The Pensions Trust as the investment adviser for its £800 million multi-employer hybrid scheme.

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