M&G's property arm will ditch the name Prudential Property Investment Managers (Prupim) in favour of M&G Real Estate at the end of June, as it continues to build its third-party business.
The group currently manages about £5bn of assets on behalf of external investors, representing nearly a third of total assets under management of £17bn. Prupim chief executive Alex Jeffrey said the...
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.