Serco scheme selects BlackRock for £1.5bn LDI mandate

Michael Klimes
clock • 1 min read

The Serco Pension and Life Assurance Scheme has appointed BlackRock to run its £1.5bn liability-driven investing (LDI) portfolio after a competitive tender.

The scheme merged its portfolio from three separate mandates, managed by three different managers, to help meet its target of becoming fully-funded within the next 5 to 10 years.  Serco Pension ...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Benefit

DB scheme trustees report continued rise in costs

DB scheme trustees report continued rise in costs

TPT research finds larger schemes reported the biggest hikes

Alex Levy
clock 02 September 2026 • 2 min read
DB scheme funding levels hit new high as schemes target run-on

DB scheme funding levels hit new high as schemes target run-on

Aon analysis of valuations shows funding positions strengthen from a high base

Alex Levy
clock 01 September 2026 • 2 min read
Partner Insight: Capacity, complexity and the endgame

Partner Insight: Capacity, complexity and the endgame

How operational pressures are reshaping trustee priorities

TPT Retirement Solutions
clock 26 August 2026 • 1 min read
Trustpilot