The Wiltshire-based Cooper-Avon Tyres company has appointed investment house Aegon Asset Management to handle a £25m fixed income mandate for its pension plan.
Edinburgh-based Aegon’s brief is benchmarked against a mixture of corporate gilts and index-linked gilts.
It is believed that the fund has been shortlisted for another two £100m corporate bond mandates.
By Madhu Kalia
Life expectancy in the UK saw no improvement between 2015 and 2017 as the number of people aged over 90 hit a record high, latest Office for National Statistics (ONS) data reveals.
Self-administered pension funds spent £14bn on payments to pensioners in Q2 2018, but only received £11.4bn of contributions (net of refunds), latest Office for National Statistics (ONS) data reveals.
The Pensions and Lifetime Savings Association (PLSA) has named the 17 members of its inaugural policy board after a competitive application process with 60 candidates.