News

BlackRock has been appointed as the fiduciary manager for the UK Power Networks Group of the Electricity Supply Pension Scheme (ESPS).

The professional trustee accreditation process, set up by the Professional Trustee Standards Working Group (PTSWG), has been delayed again and is now expected to launch “in the new year”.

Pensions Insurance Corporation (PIC) has invested £195m of debt finance in Glasgow City Council Group subsidiary, City Property Glasgow.

Penfold has launched a digital pension scheme aimed at the self-employed following a successful £2m funding round.

The vast majority of this week’s 120 Pensions Buzz respondents rejected the idea that the NHS should bear any responsibility for members facing tax bills due to the tapered annual allowance.

This week’s top stories included the selection of BlackRock as fiduciary manager for the £4bn legacy Electricity Supply Pension Scheme.

A typical defined benefit (DB) scheme was able to meet 93.7% of its accrued pension rights as of 30 September this year, according to Legal & General Investment Management (LGIM).

Professional Pensions is holding its ESG Focus on 3 December.

The Pensions Regulator (TPR) has published guidance detailing how schemes that use fiduciary managers should run a competitive tender process when appointing a manager.

RPMI Railpen has made a direct investment into an Ayrshire-based windfarm currently under construction.