News

Northamptonshire County Council and Cambridgeshire County Council are set to team up to invest in a joint IT upgrade saving up to 40% in pension administration costs.

Aviva Investors has launched a handful of real estate funds to help provide pension funds with long-term revenue streams in a bid to hedge liabilities.

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.

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.

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.