UK - Shropshire County Council pension fund has awarded a £46m pan European Property contract to Arlington Property Investors.
The £920m fund previously had 5% of its portfolio invested in UK property with KBC.
“We previously only had UK property in our portfolio and re-tendered for pan European property for additional diversification in the property portfolio,” said Shropshire County Council's head of finance, Graham Chidlow.
Richard Gale, director of indirect fund management at Arlington, added: “An increasing number of pension funds are investing in property outside their home markets as they seek out the higher returns and diversification that it can bring.”
The Pension Protection Fund (PPF) is consulting on proposals to charge a "risk reflective" levy for commercial defined benefit (DB) consolidation vehicles.
The funding gap across FTSE 350 schemes could be slashed by as much as £275bn if schemes look beyond traditional ways of creating value. Victoria Ticha examines how
There will be "many flavours" of defined benefit (DB) consolidators but consolidation will only be the right answer for a minority of schemes, Alan Rubenstein says.
Work and Pensions Committee (WPC) chairman Frank Field has questioned the regulator on what lessons it can learn from the experience of the Kodak Pension Plan No.2 (KPP2).