The HSBC Pension Scheme has moved £1.8m of its defined contribution (DC) assets that had previously been managed in-house onto Fidelity's investment platform.
This marks the largest transition of DC assets to have taken place in the UK, bringing the total value of Fidelity's DC business to £18.1bn, up from £13.8bn in July 2013. HSBC Bank Pension Trust...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- 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
