The pool set up by nine central midlands local authority pension funds has been given the green light by the Financial Conduct Authority (FCA) to operate as an alternative investment fund manager.
One of eight structures being established across the £217bn Local Government Pension Scheme (LGPS) to deliver cost savings and efficiencies, LGPS Central is the third known pool to have received regulatory...
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.