Tobacco Giant Seals £3.4bn Pension De-risking Deal With PIC
Transaction accounts for the bulk of British American Tobacco’s UK DB pension fund, and is Pension Insurance Corporati... Read more
Asset Managers Propose New Fund Structure For Illiquid Assets
The Investment Association has proposed the creation of the ‘Long-Term Asset Fund’, which would be a modified versio... Read more
Dutch Scheme Funding Declines During Second Quarter
Total assets across 229 pension schemes rose by €55bn, but liabilities were pushed €96bn higher by falling interest ... Read more
Ex-regulator Boss Brings FX Rigging Lawsuit Against Five Banks
Former chair of the Pensions Regulator Michael O’Higgins is leading efforts to secure compensation from five banks fin... Read more
Alcatel-Lucent Schemes Liquidation To Last Until 2023
Parent company Nokia will continue to compensate the pension fund for terminating its contract in 2011, while contributi... Read more
USS Assets Hit £68bn As Deficit Climbs Again [updated]
UK’s biggest pension scheme aims to improve communication policies as member dissatisfaction grows Read more
Pension Funds Remain In Scope Of Financial Transaction Tax Law
Brussels-based pension fund and insurance lobby groups reiterate concerns ahead of technical meeting tomorrow Read more
Italian Roundup: Fonchim Offers Five Mandates Worth €1.75bn
Utilities sector fund Pegaso seeks consultant; Media industry fund tenders mandates for equity and bond managers Read more
EU Court Sinks Investment Cost Tax Reclaim Case For UK Charities
Cambridge University has been denied the right to reclaim VAT on fund management fees, casting doubt over the future tax... Read more
ASR Grows Consolidation Vehicle With €1.2bn Pension Client
The insurer’s general pension fund’s assets are set to grow to €3.5bn, while its membership will hit 7,000 Read more
People Moves: Kempen Hires Trio To Boost UK Fiduciary Offering [updated]
Kempen Capital Management, Capital Group, Brunel Pension Partnership, JO Hambro Capital Management, Franklin Templeton, ... Read more
Experts Voice Concerns Over Planned Italian Second-pillar Fund
Aon and SSGA say Italy’s INPS is unsuited to run a proposed new pension fund and should focus on developing existing a... Read more
Dutch Scheme Owase To Join ASRs Consolidation Vehicle
€900m manufacturer’s scheme will boost Het Nederlandse Pensioenfonds’ assets to €2.4bn, making it the second-la... Read more
UK Government Consults On Merger Of Two Local Authority Pension Funds
Merger of £492m closed transport authority fund into £15.7bn West Midlands Pension Fund intended to address solvency r... Read more
Standard Life Aberdeen And Lloyds Settle Dispute Over £104bn Contract
Standard Life Aberdeen will continue to run £35bn on behalf of Lloyds Banking Group until “at least April 2022” and... Read more