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Schneider Electric names U.K., Ireland pensions manager
trueJerry Gandhi joined Schneider Electric as pensions manager for the U.K. and Ireland..
NOW: Pensions announces changes to investment fund
trueExecutives at multiemployer trust NOW: Pensions, London, have made changes to the plan following announcements in the U.K. budget.
London Councils seeks asset servicer for collective pension fund
trueLondon Councils is searching for a custodian for a collective investment fund for 33 local authority pension funds in London.
Cambridge Associates chooses U.K. pension leader
trueAlex Koriath was named head of the U.K. pension practice at Cambridge Associates, said Frank Lentini, spokesman.
Avida signs former BP Pension CEO
trueSally Bridgeland was appointed senior adviser for Avida International's U.K. team, said Bart Heenk, U.K. managing director.
Schroders adds real estate capital chief
trueChris Ludlam joined Schroder Property Investment Management as head of real estate capital, said a spokeswoman.
Collective investment idea advances for London borough funds
trueA new limited liability company has been created to make it easier for London boroughs and the City of London to collectively invest their pension assets.
U.K. to allow private-sector DB plan participants to continue to switch to DC plans
trueThe U.K. government will allow private-sector defined benefit plan participants to transfer to newly flexible defined contribution plans, said Chancellor of the Exchequer George Osborne.
PPF records gain in assets, funding ratio at 112.5%
trueAssets under management at the Pension Protection Fund increased 9.4% to £16.3 billion ($27.8 billion) in the year ended March 31, and the funding level also rose.
Croydon Pension Fund divests tobacco stocks
trueLondon Borough of Croydon Pension Fund, Croydon, England, is divesting its stock in tobacco companies following a decision to move to an ethical investment fund.
Pension Protection Fund preps custodian search
truePension Protection Fund expects to launch a search for a custodian in the next few months.
FTSE 100 pension funds' combined funding status improves, report shows
trueFTSE 100 pension funds’ total deficit decreased 21% in the year ended March 31, to £60 billion ($103 billion), despite contributions decreasing 27% in the same period to £7.7 billion.
Barking & Dagenham pension fund goes with Aberdeen for alternatives
trueLondon Borough of Barking & Dagenham Pension Fund hired Aberdeen Asset Management to run a £50 million ($85.8 million) diversified alternatives portfolio.
DeAWM selects head of U.K., global head of insurance and pension solutions
trueRandy Brown was named managing director and head of the U.K. and global head of insurance and pension solutions at Deutsche Asset & Wealth Management.
U.K. office forecasts pension age to rise to 70 in 50 years
trueU.K. citizens will not draw their state pension until the age of 70 by the year 2064, said the government's economic forecaster, the Office for Budget Responsibility.