Roxanne Thielemans
NewsNest and Cushon explore forestry, Manchester commits to infra
ESG spotlight: A roundup of the latest news on environmental, social and governance initiatives, including Nest and Cushon looking to explore forestry investments, and the Greater Manchester Pension Fund committing to sustainable infrastructure.
NewsAmey OS Pension Scheme completes £400mn buy-in
On the go: The £673.8mn Amey OS Pension Scheme has secured a £400mn buy-in transaction with Pension Insurance Corporation.
NewsHeinz scheme completes partial buy-in
On the go: The Heinz 2000 Pension Plan completed a partial buy-in last year, according to the scheme’s most recent statement of investment principles.
NewsSmart Pension makes first green bond investment with Mirova fund
On the go: The £2bn Smart Pension Master Trust has announced its first green bond investment in the Mirova Global Green Bond Fund.
NewsBarclays Bank scheme completes £7bn longevity deal
On the go: The £41.2bn Barclays Bank UK Retirement Fund has reinsured £7bn of liability against longevity risk with an insurance subsidiary of Prudential Financial.
NewsBorder to Coast invests in private markets
On the go: The £38.3bn Border to Coast Pensions Partnership, which handles the assets of 11 Local Government Pension Scheme funds worth a collective £60bn, has made initial commitments to its second private markets programme, first launched in April 2022.
NewsBorder to Coast appoints Robeco for voting support
On the go: The £38.3bn Border to Coast Pensions Partnership, which handles the assets of 11 Local Government Pension Scheme funds worth a collective £60bn, has reappointed Robeco to provide it with voting and engagement support services.
NewsCoats UK scheme agrees £350mn bulk annuity deal with Aviva
On the go: The $3.1bn (£2.5bn) Coats UK Pension Scheme, which merged with the Brunel Holdings Pension Scheme and the Staveley Industries Retirement Benefits Scheme in 2018, has agreed a £350mn bulk annuity deal with insurer Aviva.
NewsCollective Enterprises Limited scheme secures full buy-in
On the go: The £1.3mn Collective Enterprises Limited Retirement and Death Benefits Scheme has agreed to a full buy-in covering all of its pensioner and deferred members.
NewsAerospace scheme secures buy-in, baking co-op derisks with L&G
Risk watch: A round up of the latest derisking transactions, including the Cobham Pension Plan £530mn bulk annuity deal with Standard Life, and the Flour Milling and Baking Research Association Pension and Assurance Scheme £10mn assured payment policy.
NewsEnvironment Agency fund races ahead of emissions targets
On the go: The £4.3bn Environment Agency Pension Fund is ahead of its target to cut emissions exposure to coal, oil and gas, according to its new stewardship report.
NewsBarloworld UK scheme secures £484mn full buy-in
On the go: The Barloworld UK Pension Scheme has agreed to a £484mn full scheme buy-in with Just Group.
NewsCentrica schemes appoint Redington to oversee new investment model
On the go: The Centrica UK defined benefit pension schemes, comprising the Centrica Pension Scheme, the Centrica Engineers Pension Scheme and the Centrica Pension Plan, have selected Redington as strategic investment consultant.
NewsCarr’s Group Pension Scheme eyes full buyout
On the go: The £75.6mn Carr’s Group Pension Scheme may secure a full buyout after its sponsor announced an agreement to sell its interest in a subsidiary.
NewsBexley Pension Fund appoints investment consultant
On the go: The £1bn London Borough of Bexley Pension Fund has selected Redington as investment consultant, having launched a procurement process in early March.
NewsBoots seals full £50mn buy-in with L&G
On the go: The £50mn Boots Supplementary Pension Plan has agreed a full buy-in with Legal & General Assurance Society, covering the benefits of more than 110 pension members.
NewsBorder to Coast Pensions Partnership hits net savings targets
On the go: The £38.3bn Border to Coast Pensions Partnership, which handles the assets of 11 Local Government Pension Scheme funds worth a collective £60bn, has announced it is delivering on its promise to cut costs for its local authority pension partner funds.
NewsEDS scheme secures £1.1bn full buy-in
On the go: The £1.5bn EDS 1994 Pension Scheme has secured a £1.1bn full buy-in with Pension Insurance Corporation.
NewsBorder to Coast completes private markets investment
On the go: The £36bn Border to Coast Pensions Partnership has announced it has completed the final £1.5bn of investment within its first private market offering since its launch in 2019.
NewsNew British Steel scheme appoints investment manager
On the go: The new £9.9bn British Steel Pension Scheme has agreed in principle to appoint Legal & General Investment Management to handle its scheme assets in full.