UK - The London Borough of Enfield has awarded Babcock and Brown a £15m infrastructure mandate.
It means the £500m fund has allocated 3% of the portfolio to Babcock and Brown’s European Infrastructure fund.
In a similar development, Devon County Council's pension fund is said to be finalizing a deal with UBS Global Asset Management. The £2.1bn fund is said to in the process of allocating a £25m mandate to the asset management firm to invest in its infrastructure fund.
PP has analysed the accounts of the biggest pension consulting firms and recorded the turnover (revenue) in their most recent accounts. The full leaderboard is below…
UK defined benefit (DB) schemes have increasingly undertaken benefit reviews over the last four years resulting in an acceleration of scheme closures, Aon research finds.
Contributions are no longer sufficient to meet regular payments for three-quarters of small- to medium- sized defined benefit (DB) schemes, Buck analysis finds.