The Co-operative Group's pension scheme, Pace, will invest up to £50m into the social and affordable housing market over the next 12 months.
The defined benefit scheme - which was set up in 2006 following a three-scheme merger - is aiming to begin investing today (20 November), and will provide 350 housing units, it said. The Co-op has...
This week's top stories included the Department for Work and Pensions issuing two separate consultations on the pensions dashboard and defined benefit consolidation.
A regime similar to that for defined contribution (DC) master trusts will be set up for regulating defined benefit (DB) consolidators under plans announced today.
Defined benefit (DB) superfunds that wish to enter the market must talk to The Pensions Regulator (TPR) about their plans before opening for business.