The £3.9bn Lancashire Pension Fund is set to shun the traditional single investment consultant mandate in favour of hiring a bench of specialist consultants.
Head of treasury management Mike Jensen said the mandate would be split into manager selection, investment advisory and liability advisory – with various sub-divisions within these groups. He added:...
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.