Welsh Funds choose BlackRock to manage £2.8bn of passive funds

Michael Klimes
clock • 1 min read

BlackRock has been chosen to run nearly £2.8bn of passive assets by the eight Local Government Pension Schemes (LGPS) known collectively as the Welsh Funds.

There are currently eight LGPS schemes in Welsh Funds with combined assets under management of over £11bn. BlackRock's appointment comes after Welsh Funds decided to combine around 20 passive ma...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

Michael Klimes
Author spotlight

Michael Klimes

View profile
More from Michael Klimes

Five local authority funds to invest £100m in residential property

Jeremy Corbyn backs parliamentary pension divestment campaign

More on Defined Benefit

PPF publishes first PPF 7800 Index following methodology revamp
Defined Benefit

PPF publishes first PPF 7800 Index following methodology revamp

Substantial downward revision in aggregate funding position but DB outlook ‘encouraging’

Jonathan Stapleton
Jonathan Stapleton
clock 10 December 2024 • 4 min read
FCA fines adviser £1.4m over unsuitable DB pension transfers
Defined Benefit

FCA fines adviser £1.4m over unsuitable DB pension transfers

Philip Pryke exposed clients to ‘significant’ risk of financial detriment

Isabel Baxter
Isabel Baxter
clock 29 November 2024 • 2 min read
Tender Watch: LGPS funds seek pension administration software provider
Defined Benefit

Tender Watch: LGPS funds seek pension administration software provider

Multi-provider framework agreement sought in support of the LGPS

Professional Pensions
Professional Pensions
clock 28 November 2024 • 1 min read
Trustpilot