The Local Pensions Partnership (LPP) has launched its first fixed income fund to provide its two full-service clients a pooled vehicle with lower costs and simpler investment management.
The £320m fund is designed to deliver optimal long-term risk-adjusted returns by capitalising on global fixed income opportunities and focusing on capital preservation. It will primarily be invested...
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.