Exelerating
Roundup week 4

Exelerating UK Roundup week 33: 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

  • Rothesay Life agrees £520m buy-in with the Cadbury Mondelēz Pension Fund
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  • Aon advises HSBC Bermuda on £7 billion longevity swap
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  • XPS Pensions Group appoints James Leeming as Head of Investment in Manchester
    XPS Pensions Group publishes on its website:”XPS Pensions Group (XPS) announces the appointment of James Leeming as Partner and Head of Investment at their Manchester office, driving growth of their investment consulting services.James has over 13 years of specialist investment experience helping pension schemes manage their investment risk and deliver to their objectives. James has advised a wide range of defined benefit and defined contribution schemes and their sponsors.
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  • LGPS Central Limited partners with KAS BANK on cost transparency
    LGPS Central publishes on its website:”LGPS Central Limited has partnered with KAS BANK, the specialist securities services to UK institutional pension schemes, for cost transparency collection and reporting services.We will be leveraging KAS BANK’s cost transparency solution and data analytical expertise to assist with collecting cost information across our range of investment mandates for both our pooled assets and those employed by our Partner Funds. An important area of focus will be the integrity and security of this cost data.
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  • Exelerating Weekly Transfers week 32 including Pension Protection Fund, LGPS – Royal County of Berkshire Pension Fund and LGPS – London Borough of Tower Hamlets 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 Kimberly-Clark UK DB Pension Schemes combined Kimberly-clark Pension Trusts Limited – directorResignedT.
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  • Wednesday

  • Legal & General agrees innovative bulk annuity with the Hitachi Data Systems Retirement Benefits Plan
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  • Medicash transfers £20m DB scheme to TPT’s DB Master Trust
    The Pensions Trust publishes on its website:”Medicash, one of the UK’s oldest and largest healthcare cash plan providers, has transferred its £20m DB scheme, which has c.174 members, to TPT Retirement Solutions DB Master Trust. Sue Weir, CEO of Medicash said: “TPT’s DB Master Trust provides a full service package for a DB scheme including trusteeship, administration, covenant, legal, actuarial and investment services.
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  • Thursday

  • New Corporate Name for M&G Prudential at Demerger
    M&G publishes on its website:”M&GPrudential today announces its intention to list its shares under the name M&G plc when it demerges from Prudential plc later this year. As an independent company, M&G plc will have a single corporate identity and will continue with two customer-facing brands: Prudential for savings and insurance customers in the UK and Europe and for asset management in South Africa and M&G Investments for asset management clients globally.John Foley, Chief Executive of M&GPrudential, said: “We are in the fortunate position of having two strong brands, each with a rich heritage.
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  • Friday

  • XPS: “Does the Railways Pension Scheme need to get back on track?”
    XPS publishes on its website:”The RMT has said it is preparing to ballot for the first national rail strike since privatisation, as a result of concerns over pensions. With rumours circulating that TPR believes there is a collective deficit of £7.5bn in the RPS, the RMT is concerned this will lead to reduced benefits or higher contributions for their members.
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