PRUPIM has worked with ICAP Property Derivatives as broker to develop a series of UK property derivatives amounting to £100million with The Royal Bank of Scotland (RBS). These property derivatives were total return swaps, based on multiple UK IPD sub-sectors.

The Trustees of the Cadbury Pension Fund have entered into a £500million pensioner buy-in with Pension Insurance Corporation. The Trustees of the Fund have outsourced the key risks - investment risk, inflation risk and the risk of member longevity - for £500million of pension liabilities.

Aviva Investors has reopened its European Property Fund for dealing. The fund temporarily suspended dealing in November 2008 due to a lack of immediate liquidity.
Novia has announced that it will be introducing the Pension Performance Review Company, who can provide advisers with a thorough and efficient system for illustrating and documenting pension transfers. The report generation software has been specially designed to allow advisers to create comprehensive pension transfer suitability reports when recommending wrap providers.

Pramerica Real Estate Investors has become the latest signatory to the United Nations-backed Principles for Responsible Investment (UN PRI). The move strengthens its commitment to incorporate environmental, social and governance returns to investors. The real estate investment and advisory business of Prudential Financial, Inc., is headquartered in the US.

Life Strategies has announced that it has joined international actuarial consulting consultancy Milliman Inc., and will become Milliman in Ireland. The merger will allow for a wider range of services, and should enhance the firm's client offering.

Share Story: