Seven Local Government Pension Scheme funds with £9.9bn under management want to establish a framework contract to share actuarial, benefit and investment services to cut costs.
The framework will see actuarial, benefits and investment services shared by the group in the South West, including the Environment Agency and six other LGPS funds. Individual schemes will remain separate...
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.