Latest articles from Rachel So

Merchant Navy plans to insure all liabilities by 2025

On the go: The £4.1bn Merchant Navy Officers Pension Fund plans to insure all of its remaining liabilities by 2025, as it is set to undergo its next triennial actuarial valuation at the end of the quarter.

Lambeth scheme appoints multi-asset credit manager

On the go: The £1.7bn London Borough of Lambeth Superannuation Fund has appointed a new multi-asset credit manager. The scheme also intends to move some of its alternative mandates to the London Collective Investment Vehicle.

Telefónica UK Pension Plan signs UN’s PRI initiative

On the go: The £1.7bn Telefónica UK Pension Plan has signed the UN’s Principles for Responsible Investment.

Royal Mail Pension Plan invests in domestic property

On the go: The £12.5bn Royal Mail Pension Plan has invested in Wayhome, a UK property company that encourages gradual home ownership through a hybrid rent and buy model. 

DB master trust invests in low-carbon equity fund

On the go: TPT Retirement Solutions, which has £10.5bn in defined benefit assets, has invested in a new climate-tilted index equity strategy launched by Legal & General Investment Management.

West Ferry Printers scheme completes £120m buy-in

On the go: The West Ferry Printers Pension Scheme has completed a £120m buy-in transaction with Rothesay Life, securing the benefits for the remaining 263 members of the scheme. 

Rolls-Royce Pension Fund closes to future accrual

On the go: The £9.3bn Rolls-Royce UK Pension Fund has now closed to future accrual after conducting a consultation with members in 2020.

Railways Pension Scheme strengthens climate reporting focus

On the go: The £31bn Railways Pension Scheme has outlined its expectations for portfolio companies on how they deal with key corporate governance and sustainability issues in its updated voting policy. 

Derisking trend ramped up at end of 2020

Data crunch

Data crunch: Derisking continues to be the word of the moment for defined benefit corporate pension schemes, with bulk annuity deals and the pursuit of low-volatility portfolios ramping up in the last quarter of 2020.

L&G scheme secures £400m derisking transaction

On the go: The Legal & General Group UK Senior Pension Scheme completed an assured payment policy transaction worth around £400m with the Legal & General Assurance Society in December 2020.