UK - Telecommunications company, O2 has awarded Neptune Investment Management a mandate to manage £75m of its pension plan.
The contract included 12% of the plan’s £650m assets invested in unconstrained global equities.
Alistair Wilson, head of institutional business, Neptune, said: “This win recognises Neptune’s combined strengths of a unique global sector based investment process and the philosophy of backing our convictions in concentrated unconstrained portfolios.”
Neptune said O2 were drawn to its Global Equity Fund which has outperformed its category peers over the last five years.
Wilson added: “We believe that we will see further commitments from the institutional arena, particularly in the Global Equity space.”
The boutique company’s assets under management grew to £1.7bn in 2007.
The trustees of the Kodak Pension Plan No.2 (KPP2) have said it will likely enter the Pension Protection Fund (PPF) in "due course" after reviewing the scheme's investment in Kodak Alaris.
A US company has completed a £285m pensioner bulk annuity for around 1,100 of UK members with Legal & General (L&G).
Former BHS chief Dominic Chappell has been accused of trying to rewrite history as he seeks to overturn a conviction for failing to hand over information to the regulator.
The Pensions Regulator (TPR) will double down on its supervision with hundreds of schemes expecting increased oversight, while more than 60 will be subject to dedicated, one-to-one supervision.