Pension Fund Strategy – Page 180
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News
L&G wins buy-in as new AUM drops 39%
[16:00 CET 29-01] UK – The Press Association Pension Fund has completed a £60m (€65m) 'buy-in' of its pensioner liabilities with Legal & General (L&G) at the same time as the insurer revealed its gross new funds under management dropped 39% to £33.1bn in 2008.
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News
Hewitt replaces Watson as Powys adviser
[15:30 CET 29-01] UK/IRELAND – Powys County Council has appointed Hewitt Associates as the investment adviser for its £280m (€305m) local government pension scheme (LGPS).
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News
CIPFA outlines changes to LGPS investments
[16:30 CET 28-01] UK – The Chartered Institute of Public Finance and Accountancy (CIPFA) has recommended investment regulations for Local Government Pension Schemes (LGPS) should be "clarified and simplified", by replacing investment limits with a series of "requirements".
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News
Scheme costs drop 4.7% as buyouts increase
[16:10 CET 28-01] UK – Pension scheme expenditure on pension benefits fell by 4.7% in 2007, the first significant decrease since 1984, and a move which the Office of National Statistics (ONS) attributes to an increase in pension buyouts.
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News
West Sussex reappoints UBS to multi-asset role
[16:00 CET 27-01] UK – West Sussex County Council has reappointed UBS Asset Management to run an active, balanced multi-asset mandate for its local government pension scheme (LGPS).
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News
Pensioner-only focus to drive 2009 buyouts
[15:15 CET 27-01] UK – The buyout market in 2009 is expected to rise by another £8bn (€8.55bn), similar to 2008, though the focus is likely to be on pensioner-only transactions, according to Lane Clark and Peacock (LCP).
