Aptia formally launches after admin buyout from Mercer
WEB08 January 2024 • 2 min read. Aptia has announced its formal launch following the management buyout of Mercer’s UK pension administration and US health and benefits administration businesses last year. The firm - which will have around 1,100 clients supporting more than seven million people with health and wealth administration - …
Barclays Retirement Fund completes £5bn longevity swap with …
WEBJonathan Stapleton. 14 December 2020 • 3 min read. The Barclays Bank UK Retirement Fund has completed a £5bn longevity swap with Reinsurance Group of America (RGA). The scheme said the longevity swap helps protect it from the financial risk of an unexpected increase to life expectancy for current pensioners. It said this was another ...
BT Pension Scheme goes live with new admin system
WEBOct 29, 2021 · BTPS is the first of Procentia’s clients to use IntelliPen.Net v2.5. The £57bn BT Pension Scheme (BTPS) – the UK’s largest private sector pension scheme – has gone live with a new administration system. The new platform is based on IntelliPen - the administration software provided by Procentia, a firm …
Isio buys Premier Pensions - Professional Pensions
WEBSep 24, 2021 · Isio - the former pensions advisory arm of KPMG - launched in March 2020 and said its expansion with the Premier Pensions acquisition today (24 September) will allow it to offer "a broader spectrum of pensions and financial advisory services". The acquisition will expand Isio's pensions administration, actuarial consulting and investment advisory services to include employee benefits and ...
SEI acquires Atlas Master Trust from Capita - Professional Pensions
WEBOct 21, 2021 · The combined assets under management of the two master trusts total £2bn. SEI has acquired the Atlas Master Trust from Capita Pensions Solutions in a bid to increase its scale and grow its business. As part of the deal, which is subject to regulatory approval, three employees will transfer from Capita to SEI. The trustee board of the SEI ...
Wales Pension Partnership awards £500m global real estate brief …
WEBHolly Roach. 20 August 2024 • 1 min read. The Wales Pension Partnership (WPP) has awarded a £500m global real estate mandate to CBRE Investment Management (CBRE IM). The mandate builds on an existing real assets relationship between the Local Government Pension Scheme (LGPS) pool and CBRE IM and means CBRE IM can leverage its global team and ...
Cushon acquires rival master trust Creative - Professional Pensions
WEB20 January 2022 • 4 min read. Image: Pollard: The funding will continue to fuel Cushon's growth. Cushon has agreed to acquire Creative – the manager of the Creative Pension Trust – in a deal that will see the master trust provider double its size. This is Cushon's third workplace pension acquisition in the two years since authorisation ...
Xafinity rebrands to XPS Pensions Group - Professional Pensions
WEB17 May 2018 • 1 min read. Xafinity has rebranded to XPS Pensions Group following its acquisition of the actuarial consulting, pensions administration and investment consulting businesses of Punter Southall Group earlier this year. The consultancy firm - which now advises 1,200 different corporate sponsors and defined benefit pension schemes ...
Barclays UK Retirement Fund seals £7bn longevity deal
WEBDec 15, 2022 · The Barclays Bank UK Retirement Fund said the move would help reduce scheme risk. The trustee of the Barclays Bank UK Retirement Fund (UKRF) has insured £7bn of its liabilities against longevity risk, with reinsurance provided by an insurance subsidiary of Prudential Financial. The scheme said the …
Aquila rebrands as Heywood Pension Technologies - Professional …
WEBNov 15, 2021 · Andy Ross is Heywood Pension Technologies chief executive. Aquila Heywood has changed its company name to Heywood Pension Technologies. Under the new name, the business will develop a "comprehensive set of intelligent data solutions" under the brand Heywood Analytics, and plans to "broaden its range of value-add consultancy and pro...