UK - The Weir Group has awarded Goldman Sachs Asset Management an £85m UK fixed interest mandate mandate.
The mandate stipulates a return of 1.25% net fees above the benchmark over a rolling three year period via a range of lowly instruments. The benchmark is a blend of the FTSE UK Gilts over 15 years and the Merrill Lynch Sterling Non-Gilts index.
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.