Latest articles from Rachel So*

Legal & General DB scheme secures £925m derisking transaction

News on the go

On the go: The Legal & General Group UK Pension and Assurance Fund has completed a £925m assured payment policy transaction with Legal & General Assurance Society.

Kingfisher completes £900m buy in; Londis scheme winds up

Risk Watch

Risk watch: A roundup up of the latest derisking transactions, including the Kingfisher scheme’s £900m buy-in with Aviva and the Londis scheme winding up after a bulk annuity transaction.

Leek United Building Society joins Enplan platform

News on the go

On the go: The circa £45m Leek United Building Society Pension and Assurance Scheme has joined the Enplan Pension Platform, which will provide governance, actuarial, investment and administration services to the scheme.

Fourteen pension schemes commit to net-zero targets

News on the go

On the go: Fourteen pension schemes, which collectively manage nearly £270bn of assets, have committed to set net-zero targets to align their investment portfolios with a 1.5C pathway.

St James’s Place shakes up fund manager arrangements

News on the go

On the go: St James’s Place Wealth Management, with £135.5bn in assets under management, has appointed new managers and terminated a manager for its newly rebranded UK fund. The manager uses a number of different advisers including Redington.

Commonwealth Bank of Australia scheme secures full buy-in

News on the go

On the go: The Commonwealth Bank of Australia (UK) Staff Benefits Scheme has agreed a circa £420m full buy-in with Legal & General Assurance Society. 

Reach Pension Plan joins new climate action group

News on the go

On the go: The Reach Pension Plan has joined new action group Climate Impact Initiative, which aims to encourage pension providers to make climate-friendly impact investment options available for all savers regardless of plan size.

Brunel pool to launch Paris-aligned passive fund

News on the go

On the go: The Brunel Pension Partnership has licensed a Paris-aligned index, which it will adopt for a passively managed fund that it will launch in September 2021.

Norfolk Council scheme extends investment consultancy framework

News on the go

On the go: Norfolk County Council, acting on behalf of its own circa £3.6bn pension fund and a number of other UK Local Government Pension Schemes, has announced an extension to the duration of the National LGPS investment consultancy framework as a result of the Covid-19 pandemic.

Ladbrokes Pension Plan agrees £420m buyout with Rothesay Life

News on the go

On the go: The Ladbrokes Pension Plan has agreed a full buyout worth £420m with Rothesay Life, the scheme confirmed to Pensions Expert’s sister publication MandateWire.