News

Asset management firms will push to take control of defined contribution default fund design as the market develops more sophisticated strategies, the Investment Management Association predicts.

Barclays Bank will enter the UK infrastructure debt market with the launch of a fund aimed at unlocking £500m in pension fund assets to help boost Britain's ailing infrastructure.

UK - The £4.3bn ($7bn) Lancashire County Council pension fund has become the fourth local government pension scheme this year to hand Northern Trust a custody mandate.

More than three-quarters of respondents to a consultation on a £140 a week single-tier state pension back the proposal, the government says.

Balance pooled funds have continued their strong run of positive returns after posting a 1.3% return in Q2 this year, figures show.

Schroders has hired Tim Horne and James Bourne in a significant expansion of its defined contribution pensions team.

ITV has boosted its pension scheme's interest in digital subsidiary SDN by £50m after failing to significantly cut the fund's £313m deficit in the last six months.

The £4.3bn Lancashire County Council pension fund has become the fourth local government pension scheme this year to hand Northern Trust a custody mandate.

Scheme funding levels fell by 1.5 percentage points over the second quarter, Investment Solutions research reveals.

UK - The number of pension funds retendering their investment consultant services fell sharply in 2010 from a high of 5.2% of funds in 2009 to 3.5% last year, research suggests.