The Universities Superannuation Scheme (USS) has outsourced all of its IT infrastructure to Civica in a bid to increase efficiency and improve security and resilience.
The deal - which will cover all IT, including areas such as member service, administration and back office processing - follows a decision made by the scheme last year to move to a cloud-based solution....
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.