Lothian brings asset management in-house as deficit triples

Stephanie Baxter
clock

The Lothian Pension Fund has announced its deficit almost tripled to £417m over the last three years as the scheme continues to bring more asset management in house.

The results of the fund's triennial valuation reveal its deficit rose from £142m on 31 March 2011 to £417m as of 31 March 2014. The scheme blamed the worsening funding levels on falls in bond yield...

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 Risk Reduction

Misys Retirement Benefits Plan secures £25m buy-in with L&G

Misys Retirement Benefits Plan secures £25m buy-in with L&G

The transaction secures the benefits of 190 scheme members

Holly Roach
clock 14 August 2025 • 2 min read
How Rolls-Royce's £4.3bn PRT deal has raised the bar on member experience

How Rolls-Royce's £4.3bn PRT deal has raised the bar on member experience

David Fink and Katie North-Walker look at how to provide ‘Rolls-Royce’ member service

David Fink and Katie North-Walker
clock 14 August 2025 • 6 min read
2024 was second largest year ever in UK PRT market with £0.5trn in deals predicted over next decade

2024 was second largest year ever in UK PRT market with £0.5trn in deals predicted over next decade

L&G says global PRT market is on target for a ‘transformative’ period

Martin Richmond
clock 14 August 2025 • 3 min read
Trustpilot