On the go: The Miracle Garden Care Pension Scheme has completed a £49m buyout deal with Just Group.
Latest articles from Rachel So*
Metal Box completes £2.2bn full buy-in with PIC
On the go: The Metal Box Pension Scheme has completed a full £2.2bn buy-in with Pension Insurance Corporation, with plans to convert this to a buyout in November 2021.
Selecta UK scheme agrees £250m full buy-in with Legal & General
On the go: The Selecta UK Pension Plan has completed a £250m full buy-in with Legal & General Assurance.
John Laing agrees £320m deal with Aviva, Artemis finalises full buy-in
Risk Watch: A roundup up of the latest derisking transactions, including the John Laing Pension Fund deal with Aviva, and Artemis Pension Plan’s full buy-in with Just Group.
National Grid scheme appoints outsourced investment manager
On the go: The circa £12bn National Grid UK Pension Scheme has appointed Russell Investments as its outsourced investment manager.
LGPS funds and pools cement bet on alts in Q2
Data crunch: LGPS funds awarded 37 mandates to asset managers during the second quarter, a time when these schemes and local authority pools increased their allocations to alternative investments.
London Borough of Newham invests in Paris-aligned index fund
On the go: The £1.6bn London Borough of Newham Pension Fund has invested in a new environmental, social and governance fund with Legal & General Investment Management.
Nest to invest 5% of assets in private equity
On the go: The government-backed master trust Nest plans to allocate 5 per cent of its total assets to private equity, which is estimated to be worth £1.5bn by the end of 2024.
Nest hires strategic investment research services firm
On the go: The government-backed master trust Nest has hired a company to provide strategic investment research services.
Norfolk County Council fund extends passive management
On the go: Norfolk County Council has extended the duration of its passive investment management services framework and transition management and implementation services framework for an additional year as a result of the Covid-19 pandemic, according to notices on the Official Journal of the EU.