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Lloyds Banking Group consults on moving pension fund provision in house
The bank’s pension fund would be administered by Scottish Widows
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Lloyds Banking Group pension funds strike two more longevity swaps
The third and fourth longevity hedging transactions protect in aggregate a further £5.1bn of scheme liabilities
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Lloyds Banking Group agrees £5.5bn longevity swap
Scottish Widows acts as an intermediary insurer while SCOR provides 100% reinsurance coverage
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Bank of England warns against ‘mandation’ of pension investment strategy
BoE governor Andrew Bailey’s clear objection puts the spotlight on the Pension Schemes Bill’s future
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PAAO initiative’s first progress report showcases innovation, best practice for net zero goals
Latest disclosures include targets from asset owners including AP7, Lloyds Banking Group Pensions Trustees Limited, Railpen and Ilmarinen
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IPE UK Briefing: Government’s growth ambition for the UK
Plus: LGPS consolidation plans; Longevity swaps
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Scottish Widows and Rothesay complete £6bn in-force bulk annuity deal
The transaction is expected to lead to a Part VII transfer of underlying assets and policy liability next year
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Scottish Widows set to launch open-architecture Long Term Asset Fund
The LTAF will leverage parent company Lloyds Banking Group’s expertise across UK-based private markets opportunities
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People moves: CEO and multi-asset CIO at Newton IM to step down
Plus: Rothesay picks non-exec director; The People’s Pension adds to board
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People moves: ABP appoints interim executive director for investments
Plus: LD Pensions and AkademikerPension name head of equities; Isio appoints chair and non-executive director
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People moves: AP Funds appoint new chairs
Plus: JPES Partners appoints duo; GSAM hires CIO for the Netherlands
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People moves: Aegon names new CEO
Plus: Swedish FSA picks head of sustainability; Hymans Robertson makes multiple appointments
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Standard Life Aberdeen and Lloyds settle dispute over £104bn contract
Standard Life Aberdeen will continue to run £35bn on behalf of Lloyds Banking Group until “at least April 2022” and receive £140m compensation
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People moves: Lloyds pension director joins Law Debenture [updated]
Law Debenture, Lloyds Banking Group, Aviva Investors, Russell, IA, PGIM, Jennison, QMA, Schroders, Just, Heptagon Capital, Scottish Widows, Edmond de Rothschild AM, Citrus, Gresham House, GAM
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Friday people roundup
KPMG, Lloyds Banking Group, Guinnesss AM, M&G, IFM Investors, Aviva Investors, LGIM, Schroder Real Estate, Vasakronan
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Aberdeen Asset Management acquires SWIP in £550m deal
Asset manager’s share price up by sixth after partnership with Lloyds Banking Group announced
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People moves: IFM Investors bolsters London team
Plus: Aon appoints new partner; Brown Advisory adds trio to advisory board
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LCP hires COVID-19 Actuaries Response Group founder
McDonald will help trustees and sponsors understand and navigate longevity and demographic trends
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People moves: Border to Coast appoints new responsible investment head
Tim Manuel joins Border to Coast from Aon, where he worked for the past 18 years