Rachel So
NewsRailpen takes joint majority stake in battery energy storage platform
On the go: The Railways Pension Scheme, which manages more than £37bn in assets, has jointly acquired a majority stake in a battery energy storage company with the C$140.2bn (£90.2bn) Alberta Investment Management Corporation.
NewsTPT Retirement Solutions makes £75mn impact investment
On the go: The £13.6bn TPT Retirement Solutions, which has £11.3bn in defined benefit assets and £2.3bn in defined contribution assets, has made a circa £75mn impact investment through its DC master trust default fund.
NewsSappi UK scheme completes full £150mn buy-in
On the go: The Sappi UK Pension Scheme has completed a full £150mn buy-in with Phoenix Group subsidiary Standard Life.
NewsNest appoints HarbourVest as second private equity manager
On the go: The £24bn National Employment Savings Trust has appointed HarbourVest Partners to handle its second private equity mandate.
NewsSmiths Group scheme secures final £640mn buy-in
On the go: The £1.7bn TI Group Pension Scheme has completed a £640mn buy-in with Rothesay, covering its remaining uninsured members.
NewsSchemes start to gather learnings from first TCFD reports
As the first group of UK schemes have completed their Task Force on Climate-related Financial Disclosures reports, they have been challenged by the long process, incomplete and inconsistent data, and lack of mandatory reporting from fund managers.
NewsNational LGPS Frameworks appoints admin companies
On the go: The National Local Government Pension Scheme Frameworks has appointed a series of companies to provide pensions administration and operational support services.
NewsLothian and Falkirk funds explore merger
On the go: The circa £8.6bn Lothian Pension Fund and the circa £3.2bn Falkirk Council Pension Fund are exploring the possibility of a merger.
NewsPPF hires adviser firm to review its directors and committees
On the go: The £38bn Pension Protection Fund has appointed adviser company Lintstock to conduct a review of its committees and individual directors
NewsLambeth eyes affordable housing, BCPP picks ESG data provider
ESG spotlight: A roundup of the latest news on environmental, social and governance initiatives, including the London Borough of Lambeth Pension Fund planning investment in affordable housing, and the Border to Coast Pensions Partnership appointing an ESG data provider.
NewsTrans-European Port Services scheme agrees £4.4mn buy-in
On the go: The Trans-European Port Services Limited 1974 Pension Scheme has completed a £4.4mn full-scheme buy-in with Legal & General Assurance Society.
NewsPIC invests in social housing, Brunel targets biodiversity
ESG spotlight: A roundup of the latest news on environmental, social and governance initiatives, including the Pension Insurance Corporation investing in a social housing provider and the Brunel Pension Partnership highlighting biodiversity as a priority following a review of its responsible investment strategy.
NewsNest hires efficient portfolio manager
On the go: Master trust Nest has appointed a manager to help make its portfolio management more efficient through the use of derivative contracts.
NewsNest brings private equity investment to UK savers
On the go: Master trust Nest has opened the door to private equity investment for millions of UK pension savers. Nest, which manages £24bn in assets and whose customer base represents a third of the UK workforce, has launched a private equity fund in tandem with Schroders Capital.
NewsNationwide completes £172mn buy-in with Canada Life
On the go: The circa £7bn Nationwide Pension Fund has completed a £172mn bulk annuity transaction with Canada Life for its circa £338.2mn Cheshire and Derbyshire Section.
NewsPPF seeks admin and actuarial services company
On the go: The Pension Protection Fund has launched a tender to appoint a new company to join its specialist administration and actuarial services panel, which provides assistance to the lifeboat fund and schemes when they enter the PPF assessment period.
NewsLGPS funds invest in clean tech fund, PPF bets on forestry
ESG spotlight: A roundup of the latest news on environmental, social and governance initiatives, including investment from Merseyside and South Yorkshire schemes in the Clean Growth Fund, the Pension Protection Fund raising its stakes in forestry and the Church of England Pensions Board leading a mining initiative.
NewsNewell Rubbermaid scheme agrees £225mn buy-in with L&G
On the go: The Newell Rubbermaid UK Pension Scheme has agreed a £225mn buy-in for its Combined Newell and Record Section with Legal & General Assurance Society.
NewsChemicals manufacturer scheme completes full £9mn buy-in
On the go: The Lakeland Laboratories Limited 2012 Retirement Benefit Scheme has completed a full £9mn buy-in with Just Group.
NewsParliament pension fund makes ESG investments
On the go: The £766.3mn Parliamentary Contributory Pension Fund made a number of new allocations to climate-aware funds over the year, including moving a portion of its equities to low-carbon and sustainable mandates.