Consolidation – Page 10
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LGPS pool targets £10bn with private markets programme
Border to Coast Pensions Partnership has launched a £500m private equity vehicle and a £675m infrastructure fund for its 12 LGPS clients
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CEO of £30bn Brunel Pension Partnership resigns
Dawn Turner was instrumental in setting up the Bristol-based asset pooling company for 10 public pension funds in the local government pension scheme
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UK regulator toughens stance on poorly performing pension schemes
The UK’s Pensions Regulator (TPR) is seeking to accelerate pension scheme consolidation to raise governance standards. In a consultation paper launched today, TPR said it wanted to ensure all pension savers were in schemes with “excellent standards of governance that deliver good value” – which would mean “fewer but ...
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Netherlands roundup: Parliament demands cost review of new pensions system
Also: €857m company pension scheme plans to consolidate into a general pension fund, posing problem for administration provider
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€6.8bn chemical company scheme decides against consolidation
PDN says it is optimally prepared to address developments in the changing Dutch pensions sector
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Regulator voices ‘real concerns’ over small DC schemes
Charles Counsell comments on consolidation, defined contribution and risk management in his first speech after taking over as chief executive of the UK’s Pensions Regulator
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Scildon scheme to join consolidation vehicle Centraal Beheer
Legal & General’s former Dutch subsidiary is to run its own DC fund for staff from 1 October
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Ireland toughens capitalisation rules for DC master trusts
DC master trusts must hold at least €100,000 in reserve regardless of size, according to new requirements published today by the Pensions Authority
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HSBC pension boss to exit for London CIV
Mark Thompson to lead £36bn LGPS asset pool from September, after an eight-year tenure leading HSBC’s UK pension operations
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£45bn LGPS pool appoints quartet of global equity fund managers [updated]
Border to Coast chooses four managers for £4.5bn fund but scraps plan for multi-manager addition; fixed income funds next to be launched
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PGGM’s consolidator vehicle targets closure by year-end
Volo is in advanced talks with other APFs to take on its two clients; Food wholesaler Sligro has targeted an APF to take on its €356m pension scheme
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London pension funds appoint CIO for £36bn asset pool
Former Coal Pension Trustees CIO Michael Pratten moves from insurance company Canopius to take on interim position at London CIV
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£45bn local authority investment pool appoints permanent chair
Gerald Cooney, vice-deputy of Greater Manchester Pension Fund, has taken over from Paul Doughty at the Northern LGPS
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UK charities facing ‘double whammy’ as pension deficits climb
Hymans Robertson has urged charity DB fund trustees to assess options for securing covenants or consolidating
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Susan Martin exits Local Pensions Partnership
CEO has resigned after three years in charge of the local government pooling vehicle
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Netherlands roundup: More funds seek consolidation opportunities
€1bn scheme aims to transfer to general pension fund and insurer; L&G’s Dutch fund to liquidate
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€16bn Danish pension fund created as JØP/DIP full merger confirmed
DIP savers back JØP merger at fund’s AGM – both funds’ members have now voted in favour
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Denmark's JØP gets member backing for merger with DIP
2,371 members voted in favour and just 46 against merger at AGM
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Netherlands roundup: €25bn Rabobank scheme preps accrual cut
Plus: Total scheme weighs industry-wide fund for consolidation
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DWS-UBS tie-up would create €406bn European institutional manager
Asset management arms in “serious talks” about merger, according to FT