UK - Energy supply company BG Group has appointed Abbey National Asset Managers to a £45m active UK equity brief.
The portfolio is part of a £250m defined benefit scheme that was set up by BG on July 4, 2001. The money was transferred in December last year having been managed in transition by State Street, the scheme’s passive managers. The scheme is currently worth nearly £230m.
In September last year, Capital International won a £62m active balanced mandate. Around the same time Northern Trust was appointed custodian.
Watson Wyatt acts as consultant for the scheme.
By Luke Clancy
Ex-BHS owner Dominic Chappell has been ordered to pay a total of £87,000 in fines and court costs after he was found guilty of failing to provide The Pensions Regulator (TPR) with information.
The Department for Work and Pensions (DWP) has said it while believes in the benefits of consolidating defined benefit (DB) schemes, there are significant issues to overcome.
There is just one week left to register to enter the Workplace Savings and Benefits Awards 2018.
Nearly a third (32%) of employers believe new technologies, such as augmented and virtual reality, will play a part in benefits communications, latest research from Aon Employee Benefits reveals.