Latest articles from Rachel So

PIC invests in social housing, Brunel targets biodiversity

ESG spotlight

ESG spotlight: A roundup of the latest news on environmental, social and governance initiatives, including the Pension Insurance Corporation investing in a social housing provider, and the Brunel Pension Partnership highlighting biodiversity as a priority following a review of its responsible investment strategy.

Nest hires efficient portfolio manager

News on the go

On the go: Master trust Nest has appointed a manager to help make its portfolio management more efficient through the use of derivative contracts.

Nest brings private equity investment to UK savers

News on the go

On the go: Master trust Nest has opened the door to private equity investment for millions of UK pension savers. Nest, which manages £24bn in assets and whose customer base represents a third of the UK workforce, has launched a private equity fund in tandem with Schroders Capital.

Nationwide completes £172mn buy-in with Canada Life

News on the go

On the go: The circa £7bn Nationwide Pension Fund has completed a £172mn bulk annuity transaction with Canada Life for its circa £338.2mn Cheshire and Derbyshire Section.

PPF seeks admin and actuarial services company

News on the go

On the go: The Pension Protection Fund has launched a tender to appoint a new company to join its specialist administration and actuarial services panel, which provides assistance to the lifeboat fund and schemes when they enter the PPF assessment period.

Newell Rubbermaid scheme agrees £225mn buy-in with L&G

News on the go

On the go: The Newell Rubbermaid UK Pension Scheme has agreed a £225mn buy-in for its Combined Newell and Record Section with Legal & General Assurance Society. 

Chemicals manufacturer scheme completes full £9mn buy-in

News on the go

On the go: The Lakeland Laboratories Limited 2012 Retirement Benefit Scheme has completed a full £9mn buy-in with Just Group.

Parliament pension fund makes ESG investments

News on the go

On the go: The £766.3mn Parliamentary Contributory Pension Fund made a number of new allocations to climate-aware funds over the year, including moving a portion of its equities to low-carbon and sustainable mandates.

UK bulk annuity deals drop at the end of 2021

Dreamstime

Data crunch: The volume of bulk annuity transactions edged downwards towards the end of last year, according to new research, although buy-ins and buyout deals rose between Q3 and Q4.

Lloyds Bank Pension Scheme signs £5.5bn longevity swap

News on the go

On the go: The circa £21.4bn Lloyds Bank Pension Scheme No.1 has entered into a £5.5bn longevity insurance and reinsurance arrangement with Scottish Widows and SCOR.