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...
PTL has appointed Karein Davie as a client director in its Birmingham office.
The level of interest rate hedging increased to £29.5bn of liabilities in the second quarter as pension funds continued to de-risk, according to BMO Global Asset Management's research.
UK inflation has risen for the first time since November to 2.5% in July, up from 2.4% in June, thanks to rising fuel costs and the price of computer games.
The number of DB pension scheme trustees targeting a buyout with an insurer has increased significantly in the past five years, latest research from Willis Towers Watson shows.