UK - Scottish Widows Investment Partnership has won the Innovation of the Year award for its UK Balanced Property Trust.
The award was presented at the Scottish Property Awards dinner on May 15.
The UKBPT has performed strongly since its launch in March last year and has paid its anticipated gross dividend at the rate of 7% per annum.
In addition, SWIP forecasts an increase in the gross dividend paid to shareholders from 7p per annum to 7.125p per annum for the financial year ending March 31, 2004.
Scottish Widows has completed a bulk annuity deal for the Hitachi UK Limited Pension Scheme.
The lifetime allowance will rise to £1,054,800 from April next year as the Office for National Statistics (ONS) recorded inflation at 2.4% in the year to September.
The national procurement frameworks for the Local Government Pension Scheme (LGPS) has been expanded to include member data services.
The government is seeking ways to ensure "parity" of compensation treatment between Financial Assistance Scheme (FAS) members from solvent and insolvent schemes.