The Combined Nuclear Pension Plan (CNPP) has appointed Aon Hewitt as an investment adviser for its defined benefit (DB) section, replacing Hymans Robertson.
Announced on 5 November, it follows separate news that CNPP replaced Hymans Robertson with Redington as adviser for its defined contribution (DC) section, after having received master trust authorisation.
CNPP - which was set up in 2006 as the industry-wide arrangement for eligible workers in the nuclear decommissioning industry - has three DB sections which are now closed to new members.
The value of the plan's total net DB assets as at 31 March 2018 sat at £2.6bn according to its 2018 annual trustee report. By the end of the same period, its combined DB membership was over 15,000.
CNPP has also made some other changes this year, as it introduced two new plan administrators in April.
DB members, or those with combined DB and DC benefits, are now administered by Equiniti, while new joiners and DC members are administered by Aegon.
In this week’s Pensions Buzz we want to know if you think defined contribution (DC) master trusts have set a good example for other types of DC schemes during the authorisation process.
The Pensions Climate Risk Industry Group is drafting trustee guidance on climate-related issues and how they can address the risks as part of their governance processes.
The £5.6bn London Collective Investment Vehicle (LCIV) has launched its first infrastructure fund which was seeded by six of the London Borough Pension Funds.
Mercer has offered a $125m (£97m) mandate to Impax Asset Management’s Leaders Strategy to join its Sustainable Global Equity Fund, following a rigorous selection process.
Members of the Mothercare pensions scheme can “be assured” that their savings will be protected after the collapse of the merchandiser’s UK business, says the Pension Protection Fund (PPF).