Pension Insurance Corporation (PIC) has invested £75m in debt issued by Virgin Atlantic Airways (VAA) secured against the airlines landing slots at Heathrow Airport.
The bulk annuity provider is the largest member of a small group of lenders to the airline company, which is borrowing £220m in total. It is believed to be the first time a European airline has raised...
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.