Clwyd Pension Fund has retained Aon as an advisor.
Aon will continue to provide independent governance consultancy services to the fund, including administration, communications, scheme governance, investment and funding matters. Aon's advice will also cover cyber security and other specialist services. The Clwyd Pension Fund has over 50,000 active, deferred and pensioner scheme members. Its pensions administration manager, Karen Williams, commented on the partnership: "The Aon team has worked closely with the Clwyd Fund for the past 10 years, evolving and embedding a strong governance structure for the fund, as well as helping us to develop services for our stakeholders."
Hull City Council has announced its intention to appoint ECF, a partnership between Muse, Legal & General, and Homes England, as its development partner for East Bank Urban Village, following an extensive procurement exercise.
The council plans to enter into a 15-year development agreement with ECF for the master planning, development and construction of the opportunity, which is expected to see a mix of uses, including 850 new homes, as part of a regeneration project backed by £9.875 million of funding. The council's cabinet will also soon consider acquiring several third-party ownerships crucial to the development of East Bank along with essential site-enabling works in close collaboration with ECF. Potential site-enabling works for the scheme could include land remediation activity and structural repairs to Trinity Buoy Shed and adjacent river walkways to allow the development to move forward at pace.
IFM Investors will join a delegation to promote the Australian superannuation pool of capital in the United States.
IFM Investors is joining a delegation of Australia's superannuation sector leaders converging on Washington DC and New York for this week's Australian Superannuation Investment Summit. The summit will see representatives from superannuation (pension) funds, peak organisations, investment managers, banks and Australia's sovereign wealth fund meet with US federal and state government officials and American finance and business leaders to build greater awareness of the Australian system. IFM Investors has approximately AUD 230bn under management (as of December 2024), while in the US, IFM invests over AUD 55bn across listed equities, infrastructure equity and infrastructure debt. Currently, a third of IFM's infrastructure assets are in the US, while infrastructure assets operate in more than 30 states.
Utmost Life and Pensions (Utmost) appointed Atos to lead its 'cloud transformation' journey.
Atos will lead a "full transformation" of Utmost's IT estate, reducing business costs and encouraging strategic growth, according to the firm. Atos said it would provide managed services, starting with migrating Utmost's IT systems to the Microsoft Azure cloud platform. The 18-month project will also ensure that the employee experience is enhanced with improved flexibility, reliability and mobility to help meet the needs of a modern workforce, they added. Commenting on the deal, Utmost chief financial officer, Mark Francis, said: “It’s vital that we have a best-in-class IT foundation to provide a reliable and responsive service to the over 290,000 policyholders that Utmost protects and helps save for the long-term. The cloud platform provides us with the scalability required to meet our ambitious long-term strategic growth goals.”
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