Latest articles from Rachel So

LGPS pool accelerates cost savings and commits to net zero

News on the go

On the go: The Local Pensions Partnership has announced it made £28.2m in cost savings for clients in the year to March 2021, bringing the overall total savings to £74m since inception in 2016.

Healthcare diagnostics scheme completes £130m full buy-in

News on the go

On the go: The PerkinElmer (UK) Pension Scheme has completed a £130m full buy-in with Phoenix Group subsidiary Standard Life.

Sanofi scheme agrees £760m buy-in with L&G

News on the go

On the go: The £3.1bn Sanofi Pension Scheme has agreed a £760m buy-in with Legal & General Assurance. Separately, the scheme terminated an emerging market manager and replaced it with two new managers during 2020. 

Miracle Garden Care scheme agrees £49m full buyout

News on the go

On the go: The Miracle Garden Care Pension Scheme has completed a £49m buyout deal with Just Group.

Metal Box completes £2.2bn full buy-in with PIC

News on the go

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

News on the go

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

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

News on the go

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

iStock

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

News on the go

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.