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.
Aon has warned that the government’s revived Pensions Commission will face major structural hurdles if it hopes to deliver meaningful reform to the UK’s pension system.
After months of discussions and due diligence, 20 of the 21 LGPS funds affected by government pooling interventions have found new partners.
Research by Pensions for Purpose and European Women in VC has laid out how UK and European pension funds currently allocate to venture capital, with chancellor Rachel Reeves calling for schemes to become “active builders of our economy”.