HSBC DC scheme switches £1.8bn into Fidelity platform in record move

clock

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

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

Public trust in pensions industry rises for fourth consecutive year

Public trust in pensions industry rises for fourth consecutive year

Survey finds public level of trust in pensions industry has risen by 18% since 2020

Martin Richmond
clock 17 April 2024 • 2 min read
Most trustees 'willing' to govern running-on schemes

Most trustees 'willing' to govern running-on schemes

XPS finds willingness of trustees and sponsors to work collaboratively

Holly Roach
clock 16 April 2024 • 2 min read
Industry warns of 'dire' pensions landscape as FCA publishes market data

Industry warns of 'dire' pensions landscape as FCA publishes market data

Industry warns of ‘bleak future’ as FCA unveils 2022/23 retirement income market data

Holly Roach
clock 16 April 2024 • 6 min read
Trustpilot