UK - State Street Global Advisors (SSgA) has won a £70m passive UK bond mandate from Volkswagen Group Pension Scheme.
The multi-asset strategy mandate seeks to add value to a fixed-weight benchmark composed of the FTSE All-Share Index and a selection of FTA UK fixed income indices.
Kanesh Lakhani (pictured), head of European marketing and consultant relations at SSgA said: “SSgA has extensive experience in providing a diversified selection of strategies across the investment spectrum. We look forward to helping Volkswagen achieve its aim of consistent added value in a risk controlled framework.”
Volkswagen said no fund official was available for comment.
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.