SAUL

Superannuation Arrangements of the University of London (SAUL) Trustee Company chief executive Penny Green has announced her intention to retire at the end of 2014.

The Superannuation Arrangements of the University of London (SAUL) has hired Payden & Rygel (P&R) to run its £80m absolute return bond mandate as it continues to diversify away from equities.

The average FRS17 funding level of university schemes has fallen from 81% to 77% in the year to 31 July 2012, Barnett Waddingham research says.

The Superannuation Arrangements of the University of London defined benefit scheme has awarded an £80m risk parity mandate to First Quadrant.

The Superannuation Arrangements of the Universities of London has banned transfers in from any scheme not in the public sector transfer club.

University of Sussex Pension and Assurance Scheme has chosen STC Pension Management as its third party administrator.

The Superannuation Arrangements of the University of London has appointment Legal & General Investment Management as its liability driven investment manager.

Self-administered trusts used for non-academic university staff are using a 45 basis point spread on discount rate assumptions for different schemes, potentially adding millions to liabilities.

Penny Green has taken up a public relations role as non-executive director of GR Communications.

The Superannuation Arrangements of the University of London has reappointed Northern Trust as global custodian with an extended mandate.