THE £310m Pennon Group pension scheme has hired Invesco Perpetual, Société Générale Asset Management and Record Currency Management following a reshuffle of its portfolio.
The move – which saw Schroders lose around £100m of the assets it managed for the scheme – gave both Invesco Perpetual and SGAM high alpha equity mandates worth around £45m and Record a currency mandate...
The Pensions and Lifetime Savings Association (PLSA) is in the process of convening an industry-wide group to take forward the work of the Institutional Disclosure Working Group (IDWG).
The Transfers and Re-registration Industry Group (TRIG) has given its support to an initiative which aims to complete occupational pension transfers within three weeks.
Scottish Widows has completed a bulk annuity deal for the Hitachi UK Limited Pension Scheme.