Exelerating
Roundup week 4

Exelerating UK Roundup week 23: what happened this week?

Exelerating keeps track of financial institutions by monitoring over 1350 web pages of pension funds and asset managers every day for relevant changes. Within our weekly “Roundup” section we show the most important news that was posted last week on the pages we follow. The most important news of the past week is as follows:

    Monday

  • Exelerating Weekly Transfers week 22 including LGPS – Strathclyde Pension Fund, LGPS – Merseyside Pension Fund and LGPS – South Yorkshire Pension Fund
    Exelerating checks over 2000 web pages of pension funds, insurers and asset managers every day on relevant changes, including publications such as newsletters and annual reports. Within our “Weekly Transfers” section we show the most important changes in the organizations of Pension Funds of the past week:Source Website Leonardo Helicopters Pension Scheme Trustee Directors JoinedC.
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  • Tuesday

  • Barnett Waddingham continues to invest in its people and services with the appointment of seven new partners
    Barnett Waddingham publishes on its website:”We are proud to announce the appointment of 7 new Partners and the promotion of 28 Associates from 1 June. A further 42 existing Associates have been recognised for their contribution to the firm and been awarded the title of Principal this year.These are all as a direct result of Barnett Waddingham’s continued growth, investing in our people across a breadth of services and locations to ensure we continue to deliver a first-class service to all our clients that goes beyond their expectations.The promotion of both Andy Parker and Sonia Kataora to Partner significantly strengthens our senior ongoing advisory team for both trustees and sponsors of DC schemes by doubling our number of partners in this area, from two to four, to reflect the growing demand for these services in the market.
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  • Wednesday

  • Tom Stoddard steps down as Chief Financial Officer of Aviva
    Aviva publishes on its website:”Aviva plc (“Aviva” or “the group”) announces that the Board of Aviva and Tom Stoddard have decided that Tom Stoddard will step down as Chief Financial Officer and as a Director of Aviva from 30 June 2019. Tom Stoddard will remain with the Group until 31 December 2019 to support an orderly transition.
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  • Mercer: FTSE350 pension deficit rises by £5bn in May
    Mercer publishes on its website:”Liability values increased in May by £11bn to £856bn due to a 0.14% decline in corporate bond yields during the period. This was partially offset by a 0.08% decline in market implied inflation since April.
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  • Thursday

  • The Financial Conduct Authority and the Dutch Authority for the Financial Markets (AFM) agree on closer partnership
    The Financial Conduct Authority publishes on its website:”UK and Dutch financial regulators agreed to work more closely together to protect and enhance the integrity and stability of both countries financial systems.During a meeting on 3 June 2019 in London, the Financial Conduct Authority (FCA) and the Dutch Authority for the Financial Markets (AFM) signed a joint agreement to formalise this partnership. Since the UK announced its intention to withdraw from the EU, several financial institutions currently operating in the UK and the Netherlands have applied for a licence to operate in the respective countries.
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  • Friday

  • Newton appoints Kevin Carter as Independent Non-Executive Director
    Newton publishes on its website:”Newton Investment Management (Newton IM), part of BNY Mellon Investment Management (BNY Mellon IM), today announced the appointment of Kevin Carter as an Independent Non-Executive Director.In this role, Kevin will be a voting member of the Newton Investment Management Limited (NIM) and Newton Investment Management (North America) Limited (NIMNA) Boards. He will help ensure continued good governance at Newton IM, and will support the firm in achieving its strategic ambitions.An experienced investment specialist and independent non-executive director, Kevin was formerly CEO of Old Mutual Asset Management in both the UK and US, a business that had more than $100bn in assets under management at the time of his departure.
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  • Aon advises Rolls-Royce UK Pension Fund on the largest ever bulk annuity transaction
    Aon publishes in a press release:”LONDON, (7 June 2019) – Aon plc (NYSE:AON), a leading global professional services firm providing a broad range of risk, retirement and health solutions, has advised the Trustee of the Rolls-Royce UK Pension Fund on a partial buyout in excess of £4.6billion with Legal & General Group Plc (Legal & General) – the largest ever UK buyout.The £13 billion Rolls-Royce UK Pension Fund has 76,000 members. This buyout covers around 33,000 members and included transferring to Legal & General the Fund’s existing £3 billion longevity swap, on which Aon advised in 2011.
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  • Border to Coast Pension Partnership appoints external asset managers for its Global Equity Alpha Fund
    Border to Coast Pensions Partnership publishes on its website:”Leeds, 6 June 2019, Border to Coast Pensions Partnership (“Border to Coast”), one of the largest UK public sector pension pools in the UK whose assets total c. £45 billion, announces the appointment of Harris Associates, Investec Asset Management, Lindsell Train and Loomis, Sayles & Company as its external asset managers in a Global Equity Fund expected to total over £4.5bn at launch.Border to Coast is delighted to announce the appointment of Harris Associates, Investec Asset Management, Lindsell Train and Loomis Sayles as external managers to the Border to Coast Global Equity Alpha Fund.
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