The £337m Next Group Pension Plan has undertaken a £124m buy-in deal for the defined benefit section of the scheme, half year results reveal.
The agreement, struck with an unnamed insurance company, was completed on 2 August this year. Under the terms of the arrangement, the plan paid £124m to the insurance firm and will in return receive annuity...
Partner Insight: A fiduciary management approach gives trustees a richness of information you can't get with a standard adviser approach, especially in times of market uncertainty, explain Russell Investments' David Rae and Paul Wharton
The PPI has unveiled a policy paper outlining current considerations and policy debates relevant to DC scheme default strategies. Kim Kaveh explores some of its views.
The £30bn local government pension pool has appointed Quoniam and Robeco to manage an active equity portfolio worth around £400m.