This week’s top stories included Capita’s sale of its employee benefits business, while research from the Association of Consulting Actuaries found little support among employers for multiple pensions dashboards.
The Court of Appeal has overturned a High Court ruling which blocked the transfer of a £12bn annuity book from Prudential, now M&G, to Rothesay.
The Prudential Staff Pension Scheme has entered into a £3.7bn longevity swap with Pacific Life Re, insuring the longevity risk of over 20,000 pensioners.
A record-breaking 150 ‘dog’ funds have been identified in the latest bi-annual Bestinvest Spot the Dog report, with total assets of £54.4bn sitting in these vehicles.
Covid-19 has demonstrated how crucial it is for pension schemes to enter into economic crises in a position to react to opportunities with short-term windows, says David Lloyd.
In the run-up to Incisive Media’s Women in Investment Festival on 3 March, Laura Miller gets under the bonnet of how common imposter syndrome is, and the tangible impact it can have on financial services firms.
Phoenix Group has laid down a proposal to acquire rival life insurer ReAssure Group in a £3.2bn cash and shares deal.
This week's top stories included Legal & General acquiring MyFutureNow to provide a dashboard service to customers, while also agreeing a hybrid buy-in with a Hitachi scheme.
M&G Prudential has announced it will rebrand and list its shares as M&G later this year.
The £30bn Brunel Pension Partnership has announced it will commit £340m to long-lease property funds for three of its 10 local authority partner funds.
Anne Richards, chief executive of M&G Investments, is to take up a role as chief executive of Fidelity International later this year.
Prudential is to separate M&G Prudential from the insurance business to create two separately-listed companies.
M&G Prudential has announced plans to terminate its contract with Capita for the administration of its UK life and assurance business.
West Yorkshire Pension Fund (WYPF) has teamed up with M&G Real Estate and an unnamed Asian investor to acquire a £105m building in Manchester.
Infrastructure can offer investors a broad opportunity set. Martin Lennon looks at how schemes can build a diversified portfolio to reduce risks and generate both yield and capital growth
Suspended trading on 4 July
Nas Islam has been appointed head of investment risk at M&G Investments, after leaving Henderson Global Investors.
Follows moves by M&G, SLI, Aviva Investors and Henderson
M&G has joined Standard Life Investments and Aviva in suspending trading on its property fund in order to meet redemptions, amid a post-Brexit rush to exit the asset class.
Three core divisions
Loss of funds leads to closure
Director of compliance fills role
PP asks why UK pension funds lose out to international rivals on infrastructure investments