The National Grid UK Pension Scheme has agreed a £2.8bn buy-in deal with Rothesay Life, covering the benefits of an unspecified number of pensioner members.
Some of the UK's biggest pension schemes will be forced to report on climate risk in line with recommendations from the Taskforce for Climate-related Financial Disclosures (TCFD).
RPMI has announced the appointment of John Chilman - the current chairman of the Railways Pension Scheme - as its chief executive.
The Pensions and Lifetime Savings Association (PLSA) has announced it will shrink its board by more than one-third as part of a governance overhaul to make it "agile and more appropriate".
This week's top stories include Prudential slashing the size of its corporate defined contribution business, and National Grid's £2bn longevity swap with Zurich.
The National Grid Electricity Group has completed an intermediated longevity swap with Zurich for the Electricity Supply Pension Scheme (ESPS).
Secretary of State for Work and Pensions Iain Duncan Smith has appointed Tilly Ross, Sarah Smart and Margaret Snowdon (pictured) as non-executive directors of The Pensions Regulator (TPR).
National Grid UK Pension Scheme has handed Legal and General Investment Management (LGIM) a mandate to manage £13bn of assets after selling its in-house manager to the firm.
More than 1,500 salary sacrifice cars have been taken-up by employees of National Grid using its workplace scheme.
Rob Schreur has been appointed chief executive of the National Grid pension scheme with a remit to lead and develop its new investment executive team