The T&N Retirement Benefit Scheme has agreed a £1.1bn buy-in after its funding level was found to exceed the threshold for Pension Protection Fund entry.
UK - The Pensions Protection Fund has widened its selection of transition managers by recruiting nine firms to its panel, but missing from the list was incumbent State Street who the PPF said did not re-bid.
The Pension Protection Fund has widened its selection of transition managers by recruiting nine firms to its panel.
Pitmans Trustees has been appointed as independent trustee to Legal & General's DC master trust.
A glut of private sector competitors to the National Employment Savings Trust could have a negative long-term impact on savers, an actuary warns.
GLOBAL: UN Joint Staff Pension Fund; Fidelity; SGSS;F&C; Alliance Bernstein; PBGC; BlackRock; Wurts & Associates; Kas Bank
UK - Tim Breedon, CEO of insurance group Legal & General (L&G), is to retire from the company at the end of 2012, when he will have completed a quarter of a century at the insurer.
This month the panellists discuss the quality and quantity of stock we can expect banks to bring to market, yield compression in secondary properties, REITs, and the progression of ESG policies
About one third of employees will opt out of pensions when auto-enrolment comes into force after 2012, Legal & General says.
Braced for impact: Employer's 2012 coping strategies