The £31.2mn Barnett & Hall Holdings Pension Scheme has secured a circa £21mn buy-in with Legal & General Assurance Society ahead of a potential future buyout.
De La Rue agrees £320mn buy-in
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June 16, 2022
On the go: The £988.7mn De La Rue Pension Scheme has agreed a £320mn buy-in with insurer Scottish Widows.
House of Fraser scheme secures £600mn buyout
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June 14, 2022
On the go: The House of Fraser Beatties & Jenners Pension Scheme has completed a £600mn buyout with Pension Insurance Corporation, covering 3,850 deferred members and 5,050 pensioners.
Cleveland Potash schemes appoint pension services provider
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June 13, 2022
On the go: The £285mn Cleveland Potash Pension Schemes has appointed Willis Towers Watson’s OneDB to provide combined actuarial, fiduciary management and administrative services.
EAPF invests in sustainable credit, most schemes plan for net zero
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May 24, 2022
ESG spotlight: A roundup of the latest news on environmental, social and governance initiatives, including investment in sustainable private credit by the £4.3bn Environment Agency Pension Fund, nearly three-quarters of schemes set to have net zero plans, and a pair of ESG guides issued for trustees.
BT Pension Scheme sells stake in real estate venture
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May 23, 2022
On the go: The £57.5bn BT Pension Scheme, via Federated Hermes, has sold part of its stake in the engineering and technology business park Silverstone Park to the $550.4bn (£342.6bn) Canada Pension Plan Investment Board.
BT awards $1bn private equity mandate to Hermes
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May 17, 2022
On the go: The £57.5bn BT Pension Scheme has awarded a $1bn (£801.4mn) private equity mandate to Hermes GPE, further building on two previous private equity investments with the manager.
Border to Coast launches second private markets programme
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April 7, 2022
On the go: The £36bn Border to Coast Pensions Partnership, which handles the assets of 11 Local Government Pension Scheme funds worth a collective £55bn, has launched the second series of its private markets programme, which includes a dedicated climate opportunities offering.
Alstom schemes appoint Mercer as fiduciary manager
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April 5, 2022
On the go: Alstom UK’s Common Investment Fund has appointed Mercer to provide fiduciary management services for three of its defined benefit schemes with assets totalling £1.6bn.
Aon’s master trust and GPP invest in climate transition fund
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March 30, 2022
On the go: The Aon MasterTrust and Group Personal Pension Plan made a £700mn investment in February 2022 to a new climate transition fund co-developed and co-launched by the consultancy and UBS Asset Management.