Latest articles from Rachel So

Mitchells & Butlers agrees buy-in, AvestaPolarit derisks with Rothesay

Risk Watch

Risk watch: A roundup up of the latest derisking transactions, including the Mitchells & Butlers scheme’s £650m full buy-in with Legal & General and the AvestaPolarit scheme’s bulk annuity transaction with Rothesay.

Triumph International scheme agrees buy-in with L&G

News on the go

On the go: The Triumph International Pension Scheme has agreed a full £49m buy-in with Legal & General Assurance Society.

PPF sets increase cap for risk-based levies due to Covid-19 impact

News on the go

On the go: The Pension Protection Fund has announced its final levy rules for 2022-23, which include a new 25 per cent cap on increases to its risk-based levy to protect schemes whose bills would otherwise rise significantly.

TPR urges trustees to ensure climate advisers have the right skills

News on the go

On the go: The Pensions Regulator has warned that trustees must ensure their climate advisers are appropriately skilled and provide relevant and helpful advice. 

London CIV launches passive equity Paris-aligned fund

News on the go

On the go: London CIV, which oversees around £26bn on behalf of 32 London Local Government Pension Scheme funds worth a collective £45bn, has launched its Passive Equity Progressive Paris Aligned Fund. 

Pub company schemes hire new fiduciary manager

News on the go

On the go: The £86m Laurel Pub Pension Scheme and its sister, the £14m Yates Group Pension Scheme, have appointed Kempen Capital Management as their fiduciary manager.

Derisking activity ramps up in Q3

Matt Cardy/Getty Images

Data crunch: Derisking activity picked up in the third quarter of 2021, as bulk annuity transactions reached their highest point of the year.

DC consolidation and small pots limit can reduce value for money

Chris Ratcliffe/Bloomberg

A combination of the flat fees charging ban on pots worth less than £100 and an increase in consolidation schemes could reduce members value for money, the Pensions Policy Institute has warned.

Reuters scheme agrees full buy-in

News on the go

On the go: The Reuters Supplementary Pension Scheme has agreed a circa £310m full buy-in with Legal & General Assurance Society.

Fiduciary mandates and outsourced investment: Spotting the differences


CPD: With some pension schemes opting to outsource their entire investment portfolio instead of hiring a fiduciary manager, Rachel So explains what the differences are and how the CMA rules still apply in both cases.