UK - Credit Suisse Asset Management is launching its own range of pooled funds for schemes with specific benchmarks.
The move comes a week after Scottish Widows Investment Partnership announced it was launching a similar range of funds.
CSAM said a handful of its clients had already converted their pooled balanced funds to scheme-specific benchmarks.
A number of pension schemes have been prompted to lock in gains with a move into bonds after the estimated deficit across FTSE 100 DB pension schemes improved by £36bn, over the 12 months ending 30 June last year, JLT Employment Benefits found.
HM Treasury has agreed in principle to give NEST a £329m contingent liability guarantee in the event of the master trust's wind up or closure.
AMP Capital has set up a dedicated team to help institutional investors, including pension funds, invest in infrastructure through direct equity allocations.