Taylor Wimpey has appointed Northern Trust to provide global custody, investment accounting and performance measurement for £1.3bn of its pension fund assets.
Taylor Wimpey group pensions manager Julian Waller said Northern Trust's online client reporting solution, Passport, was of key interest because it was easy to use and helps administer and report on investments...
A number of pension schemes have been prompted to lock in gains with a move into bonds after the estimated deficit across FTSE 100 DB pension schemes improved by £36bn, over the 12 months ending 30 June last year, JLT Employment Benefits found.
HM Treasury has agreed in principle to give NEST a £329m contingent liability guarantee in the event of the master trust's wind up or closure.
AMP Capital has set up a dedicated team to help institutional investors, including pension funds, invest in infrastructure through direct equity allocations.