UK - The £1.2bn Pilkington Superannuation Scheme has appointed Nomura Asset Management to manage a £30m Japanese equity mandate.
Nomura will take over from Invesco Asset Management.
Pilkington used the services of Bfinance to assist with the screening of manager performance during the initial part of the selection process for which 19 managers responded.
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).