Standard Life Investments (SLI) has been awarded the contract for a balanced mandate to run the UK based Trade Union Congress's (TUC) £28m Superannuation Scheme.
Mike Jones, head of management services and administration for the TUC, said: We were very impressed with SLI's strength and position on corporate governance issues, a subject close to the heart of the TUC and its members.”
The strong performance of SLI in the fixed interest market also helped us to make our decision with approximately 50% of our portfolio now invested in this market, he added.
According to SLI it was partly chosen by the TUC because of the mutual status of its parent company, the Standard Life Assurance Company.
By Geoffrey Ho
The Pensions Regulator (TPR) and Labour MP Stephen Kinnock and will listen to the experiences of steelworkers when transferring their pensions away from the British Steel Pension Scheme (BSPS) next week in Port Talbot.
Just Group has acquired a 75% stake in the holding company of Corinthian Pension Consulting in a bid to strengthen its professional defined benefit (DB) advisory services.
The Pensions Regulator (TPR) has exercised its production order power under the Proceeds of Crime Act 2002 for the very first time as part of a fraud investigation.
The ITN Limited Pension Scheme has named Trafalgar House as its administrator for an initial term of five years.