The Local Government Pension Scheme (LGPS) funds of Lancashire and London have begun talks to pool combined assets of over £10bn.
It is hoped that the asset and liability management (ALM) partnership would enable the scaled-up funds to boost performance and cut costs, including on administration. The pooled assets would be overseen...
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.