National Grid scheme enters 'long-term' LGIM partnership after selling £13bn in-house manager

clock

National Grid UK Pension Scheme has handed Legal and General Investment Management (LGIM) a mandate to manage £13bn of assets after selling its in-house manager to the firm.

The £17bn scheme announced it had entered into a "long-term strategic partnership" that will see LGIM run its fixed income, equity and liability driven investment portfolios. Under the deal, LGI...

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

Tender Watch: Wiltshire Pension Fund appoints LGPS Central as pooling partner

Tender Watch: Wiltshire Pension Fund appoints LGPS Central as pooling partner

Fund appoints LGPS Central as pooling partner following ‘rigorous’ assessment process

Professional Pensions
clock 25 July 2025 • 1 min read
FTSE 350 firms face 'financial risk' from early DB surplus access

FTSE 350 firms face 'financial risk' from early DB surplus access

Barnett Waddingham says firms will miss out on additional value if they access surpluses too soon

Holly Roach
clock 18 July 2025 • 2 min read
Professional Pensions' DB Funding Index

Professional Pensions' DB Funding Index

How the funding of defined benefit pension schemes is changing

Jonathan Stapleton
clock 10 July 2025 • 1 min read
Trustpilot