UK - B&CE Benefit Schemes has appointed Invesco Perpetual to manage a £70m UK equity mandate.
The £1bn scheme said the mandate would be managed by Invesco investments head Neil Woodford.
The scheme was advised on the appointment by Hewitt Associates.
Invesco was also awarded an unconstrained, long only, global equity mandates by the £8.9bn Strathclyde Pension Fund in December.
Speaking about that warard, Strathclyde chief pensions officer David Crum said:
The rationale behind this was to free investment managers from a benchmark driven mindset, to allow asset managers to populate a portfolio with their best investment ideas, and to hold stocks which they wanted to own as opposed to having to own to manage risk relative to a benchmark index.
Ex-BHS owner Dominic Chappell has been ordered to pay a total of £87,000 in fines and court costs after he was found guilty of failing to provide The Pensions Regulator (TPR) with information.
The Department for Work and Pensions (DWP) has said it while believes in the benefits of consolidating defined benefit (DB) schemes, there are significant issues to overcome.
There is just one week left to register to enter the Workplace Savings and Benefits Awards 2018.
Nearly a third (32%) of employers believe new technologies, such as augmented and virtual reality, will play a part in benefits communications, latest research from Aon Employee Benefits reveals.