Latest articles from Rachel So

UK meat board appoints actuarial adviser for DB schemes

News on the go

On the go: The Agriculture and Horticulture Development Board has appointed an actuarial adviser for its two legacy defined benefit schemes, the circa £25.4m Home-Grown Cereals Authority Pension Plan and the circa £203.2m Meat and Livestock Commission Pension Scheme.

NatWest pension fund invests in later-living housing

News on the go

On the go: The NatWest Group Pension Fund has entered into a joint venture partnership with Legal & General to invest £500m in net-zero-carbon ‘later-living’ housing.

Thames Water schemes appoint Redington as adviser

News on the go

On the go: The £1.7bn Thames Water Pension Scheme and the £770.9m Thames Water Mirror Image Pension Scheme have appointed Redington as their new investment adviser.

Railways Pension Scheme manager launches internal trading desk

News on the go

On the go: RPMI Railpen, the Railways Pension Scheme investment manager, has launched an internal trading desk to further enhance its in-house capabilities.

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.