The £1.5bn BAA Pension Scheme has appointed fund manager State Street Global Advisors to manage a £330m global equity 130/30 mandate.
The assets will be invested in SSgA’s equity investment strategy, global alpha edge. SSgA UK managing director Kanesh Lakhani said: “We are delighted with this additional investment from BAA, which...
The Pensions Regulator (TPR) has granted 11 master trusts extensions to apply for authorisation, as it confirms it has received 22 applications ahead of the 31 March deadline.
Aegon Master Trust, Fidelity Master Trust and Ensign have sent off their authorisation applications to The Pensions Regulator (TPR).
Self-administered pension funds spent £15bn on payments to pensioners in Q4 2018, but received just £12bn in contributions (net of refunds), Office for National Statistics (ONS) data reveals.
Aberdeen Standard Investments (ASI) and Gresham House are to team up to form a joint venture.