UK - Lex Service Pension Scheme has appointed Aegon Asset Management to manage £57m in bonds.
The money is being invested in sterling corporate bonds and will be managed by Daniel McKernan, head of credit research at Aegon.
The trustees of the Lex Service Pension Scheme were advised by Mercer Investment Consulting.
Mandate wins for Aegon last year totalled more than £680m – a 65% increase on the previous year.
The fund manager currently has more than £15bn of fixed income assets under management, including £13bn in corporate bonds.
Potential changes to accounting standards and increased pressure on companies to accelerate contributions could worsen FTSE 100 scheme funding by up to £100bn, according to Lane Clark and Peacock (LCP).
Smart Pension has taken on over 20,000 active members from the £20m Corpad Master Trust, following a strategic review by the ceding firm's trustees.
The Universities Superannuation Scheme (USS) allegedly obstructed a whistleblower as she tried to discover the true value of the deficit in its defined benefit (DB) section, according to reports.
The Cost Transparency Initiative (CTI) has launched a number of templates and guidance to help pension schemes deliver greater value for savers with enhanced disclosure of transaction cost information.