Quant mandate win
UK - John Lewis Partnership Pension Trust Limited has awarded a £150m global equities mandate to Schroders' Global Active Value fund.
The fund is run using a quantitative strategy which invests in 500 stocks in 40 markets globally. Miles O’Connor, head of UK institutional at Schroders, commented: “We believe that our global active...
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Aegon moves to halt DB scheme future accrual
UK - Aegon is to close its defined benefit pension scheme to future accrual in March 2013 as part of its restructure and cost saving programme.
PPF reveals £678m surplus
UK - The Pension Protection Fund has published its annual report - revealing a surplus of £678m ($1.1bn) at 31 March.
Diamond: Stable investment banking crucial to maximising scheme returns
UK - Schemes looking to maximise returns in a low interest rate environment must work closely with investment banks to boost member outcomes, Barclays chief executive Bob Diamond says.
DB risk management enters 'the next phase'
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