Large outsourcing agreements are helping to offset the pipeline of DB pension schemes heading for buyout, according to Quantum Advisory, as trustees weigh up more endgame options.
The oil giant’s £11.1bn UK pension fund is one of several involved in an international fiduciary management mandate – one of the biggest ever awarded.
The £1.2bn Plumbing & Mechanical Services Industry Pension Scheme has outsourced its investment function as it aims to reach buyout-level funding.
Five years since mandatory tendering came into force for fiduciary management, two reports set out how providers have performed and how they are positioning for current and future challenges.
The broadcaster’s defined benefit pension scheme has secured a longevity swap transaction with MetLife and Zurich, five years after its first such deal was completed.
The £3.7bn NatWest Cushon master trust is among the confirmed backers of British Growth Partnership Fund I, targeting investment in high-growth UK companies, the British Business Bank has announced.
Insurance company Just Group has announced three buy-ins this week, totalling approximately £80m in premiums paid.