The value of expressions of interest in the new 55-year gilt launched by the Debt Management Office (DMO) reached £12.8bn within the first hour of trading.
Launched on 25 June, when the joint book-runners closed the book, the size of the deal was nominally £5bn and priced at 3.5 basis points above the yield on the 4% Treasury gilt 2060, a 47-year gilt. ...
The Brunel Pension Partnership has become the fourth local authority pool to receive the green light from the regulator.
Defined benefit (DB) schemes are to be offered a new consolidator as the former chief of the Pension Protection Fund (PPF) launches 'The Pension SuperFund'.
Martin Freeman has been hired as head of technology product and development at Smart Pension, to support the 'growing' technology product side of the business.
Tim Sharp says the government has missed some big opportunities to help workers in the DB white paper.