BT Pension Scheme has almost doubled its exposure to private equity through Hermes Gartmore Private Equity (GPE).
The £1bn will be invested globally over three years, split evenly between funds and co-investments. The fund had invested a similar amount in private equity with Hermes GPE in 2011, and by 2014 its...
The Pensions Regulator (TPR) has granted 11 master trusts extensions to apply for authorisation, as it confirms it has received 22 applications ahead of the 31 March deadline.
Aegon Master Trust, Fidelity Master Trust and Ensign have sent off their authorisation applications to The Pensions Regulator (TPR).
Self-administered pension funds spent £15bn on payments to pensioners in Q4 2018, but received just £12bn in contributions (net of refunds), Office for National Statistics (ONS) data reveals.
Aberdeen Standard Investments (ASI) and Gresham House are to team up to form a joint venture.