On the go: The circa £13bn Royal Mail Pension Plan has hired BlackRock to handle £8.8bn worth of its defined benefit scheme assets as an outsourced chief investment officer.
Latest articles from Calum Kapoor
Morrisons scheme secures buy-in on back of gilt yields rise
On the go: The Wm Morrison 1967 Pension Scheme has agreed a £762mn buy-in with Rothesay, securing the remainder of the liabilities for the 1967 section of the Morrisons Retirement Saver Plan.
Chemical company scheme agrees £430mn buy-in
On the go: The Tioxide Pension Fund has agreed to a £430mn buy-in with Legal & General.
Merseyside Pension Fund appoints new adviser
On the go: The £10.4bn Merseyside Pension Fund has appointed Redington to act as its strategic investment adviser.
Tomkins Schemes complete £132mn full buy-ins
On the go: Two pension schemes sponsored by Gates Group, the Tomkins Schemes, have completed full buy-ins worth a combined £132mn with Pension Insurance Corporation.
Musicians’ Union scheme agrees full buyout
On the go: The £13mn Musicians’ Union Permanent Officials and Staff Pension Fund has agreed a full buyout with Aviva.
Balfour Beatty Pension Fund completes £1.7bn longevity swap
On the go: The £4bn Balfour Beatty Pension Fund has signed a £1.7bn longevity swap transaction with Zurich Assurance and Scor.
Electronic technologies scheme secures £400mn buy-in
On the go: The TT Group (1993) Pension Scheme has completed a £400mn buy-in with Legal & General, securing the benefits of around 5,000 retirees and deferred members.
Standard Life transitions £15bn of DC assets into sustainable solutions
On the go: Standard Life has embedded a range of sustainable multi-asset funds for its 1.5mn pension scheme members, with around £15bn of sustainable solutions investments now managed on their behalf.
PIC invests £25mn in retirement community
On the go: The £44.1bn Pension Insurance Corporation, in partnership with Octopus Real Estate, has invested £25mn through a joint venture with retirement home developer and operator Elysian Residences, to develop the How Wood retirement community, which is valued at £115mn.