UK - State Street has named Peter Adams as London head of its UK Pensions Servicing team.
Adams will be responsible for aligning State Street and WM’s pension capabilities across the organisation and he will retain his role as managing director of the WM Company.
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.