UK - The £68m RSPCA has appointed Threadneedle Asset Management to run a balanced mandate.
The mandate will utilise a wide range of Threadneedle’s pooled pension funds including those investing in the UK, North America, Europe, Pacific Basin and Japanese equities as well as index-linked and long dated bonds. Threadneedle’s objective will be for the portfolio to outperform a composite benchmark by 1% per year, over rolling 3 year periods.
Mark Stanley, head of institutional business, said: “We are delighted to have been chosen by the RSPCA to manage this important mandate on behalf of their Pension Fund. We have continued to see significant inflows and growing success in all areas of our institutional business – defined benefit, defined contribution and insurance asset management – in spite of the difficult markets.”
The Pensions Regulator (TPR) and Labour MP Stephen Kinnock and will listen to the experiences of steelworkers when transferring their pensions away from the British Steel Pension Scheme (BSPS) next week in Port Talbot.
Just Group has acquired a 75% stake in the holding company of Corinthian Pension Consulting in a bid to strengthen its professional defined benefit (DB) advisory services.
The Pensions Regulator (TPR) has exercised its production order power under the Proceeds of Crime Act 2002 for the very first time as part of a fraud investigation.
The ITN Limited Pension Scheme has named Trafalgar House as its administrator for an initial term of five years.