Exelerating
Roundup week 4

Exelerating UK Roundup week 7: 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

  • Dan Melley re-joins Mercer as UK Commercial Leader of Investment Solutions
    Mercer publishes on its website:”Mercer has announced the appointment of Dan Melley as UK Commercial Leader of Investment Solutions. In his role, Mr Melley will be responsible for bespoke investment solutions for clients, developing commercial relationships, and overseeing the execution of the investment solutions strategy, distribution and growth.
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  • Exelerating Weekly Transfers week 6 including Santander (UK) Group Pension Scheme, Centrica UK Pension Schemes combined and LGPS – Hampshire County Council Pension Fund
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  • Tuesday

  • PIC Completes £1.6 billion buy-in with MNOPF
    PIC publishes on its website:”Pension Insurance Corporation plc (“PIC”), a specialist insurer of defined benefit pension schemes, has completed an insurance deal with the Merchant Navy Officers Pension Fund (“MNOPF”), converting a pensioner longevity swap into a £1.6 billion buy-in. The buy-in secures the pensions of around 14,000 members and converts a longevity swap held between MNOPF and Pacific Life Re.
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  • Lisa McCrory appointed as Chief Finance Officer Pension Protection Fund
    Pension Protection Fund publishes on its website:”Lisa will now be responsible for leading the PPF’s actuarial financial management, finance, commercial and internal audit departments and will do this alongside her current role as Chief Actuary. “It brings me great pleasure to officially welcome Lisa to our Executive Committee as our new Chief Finance Officer.
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  • Wednesday

  • Legal & General appoints new head of ESG as it accelerates climate change efforts
    Legal & General publishes on its website:”LGIM Real Assets (a division of Legal & General Investment Management) announces that it has appointed Shuen Chan as Head of ESG as it continues to establish itself as a global leader in responsible investment.With the UK legally required to meet net zero carbon emissions by 2050, investors must actively consider how they call help reduce emissions in some of the most carbon intensive industries, including real estate, energy, transportation and social infrastructure. Legal & General is looking beyond current legislation and practices, seeking to align its real asset portfolio with a science-based carbon performance target covering the period to 2030.Shuen will take the lead on ESG and support Legal & General’s strategic objective to embed sustainability in all areas of its Real Assets business, focusing on the LGIM Real Assets real estate equity platform and its rapidly expanding private credit portfolio (which includes infrastructure).
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  • Thursday

  • Legal & General announces £1.1 billion de-risking transaction with AIB Group UK Pension Scheme
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  • Friday

  • LPP partners with Robeco to support engagement activity for Global Equities Portfolio
    Robeco publishes on its website:”Local Pensions Partnership (LPP), one of the eight LGPS asset pools, has selected Robeco to provide engagement services for its Global Equities and Fixed Income investment portfolios. Local Pensions Partnership (LPP), one of the eight LGPS asset pools, has selected Robeco to provide engagement services for its Global Equities and Fixed Income investment portfolios.
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  • LPFA appoints Peter Ballard as Director of Risk and Funding
    LGPS – London Pensions Fund Authority publishes on its website:”Peter Ballard has joined the London Pensions Fund Authority (LPFA) as Director of Risk and Funding. Peter joins the LPFA’s small management team and will be responsible for overseeing all aspects of the fund’s funding policy, investment strategy, and employer covenant assessment.
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