The Greater Gwent Pension (Torfaen) Pension Scheme has invested £125m in a global equities mandate with Aberdeen Asset Management following a bfinance search.
The appointment followed an extensive tender process, with more than 80 offers received. The £1.05bn local government pension fund will be hoping to recover value after its value fell 22.3% last year....
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.