Welsh Funds choose BlackRock to manage £2.8bn of passive funds

Michael Klimes
clock • 1 min read

BlackRock has been chosen to run nearly £2.8bn of passive assets by the eight Local Government Pension Schemes (LGPS) known collectively as the Welsh Funds.

There are currently eight LGPS schemes in Welsh Funds with combined assets under management of over £11bn. BlackRock's appointment comes after Welsh Funds decided to combine around 20 passive ma...

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

Majority of DB schemes considering surplus extraction, L&G finds

Majority of DB schemes considering surplus extraction, L&G finds

Firm said ‘thorough preparation’ is key for schemes intending to complete a PRT deal

Holly Roach
clock 31 March 2026 • 3 min read
Buyout 'falls away' as run-on becomes 'dominant' endgame option for large schemes

Buyout 'falls away' as run-on becomes 'dominant' endgame option for large schemes

Research shows 70% of the largest DB schemes targeting run-on compared to 4% targeting buyout

Holly Roach
clock 30 March 2026 • 2 min read
Tender Watch: Barnett Waddingham and PIC expand partnership

Tender Watch: Barnett Waddingham and PIC expand partnership

PIC takes on full administration services for two schemes ahead of buyout

Professional Pensions
clock 12 March 2026 • 1 min read
Trustpilot