Cardano's defined contribution (DC) business has been selected by NEST to provide general investment advice and support fund manager selection exercises.
The firm will also advise on the impact of changes in legislation to the development and design of the master trust's investment strategy. Following a subsequent tender process, Cardano was selected...
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.