Top FTSE headhunter rescued by rival after plunging into administration Consulting A City-based boutique headhunter which won executive-level talent for a host of FTSE 250 firms and collapsed after pumping investment into an AI platform has been purchased by one of its competitors, City AM can reveal. 6 Group, a global executive recruitment consultancy, purchased Savannah Group and its AI platform, MapX, in July after founder [...]
Burnham backs plan to pump £1bn pension funds into start-ups Investing Andy Burnham’s government is set to spearhead a new £1bn fund that will channel cash from some of the country’s biggest pension schemes into start-ups. Pension funds including Nest, the workplace scheme set up by the government, Railpen, Border to Coast and the Local Pensions Partnership Investments (LPPI) are set to back the new government-led [...]
Pension funds pledged a private investment splurge. Three years on, has anything changed? Markets When 11 of the UK’s largest pension providers signed a deal to pump billions into unlisted companies in July 2023, the mood at Mansion House in the City was celebratory. Then Chancellor Jeremy Hunt hailed the signing a “great personal triumph” for then Lord Mayor, Sir Nicholas Lyons. If the remainder of the UK defined [...]
State-backed pension scheme plans to pump £1bn into start-ups July 8, 2026 The UK’s largest state backed pension scheme is planning to invest up to £1bn in venture capital by the end of the decade in a bid to boost returns for its members and fuel economic growth. The National Employment Savings Trust, dubbed Nest, said its plans to expand into high-growth private companies will begin with [...]
Pension master trusts join forces to tackle outdated transfer systems June 2, 2026 Eight pension master trusts have joined forces in a bid to improve the pension transfer system following uproar over its outdated and sluggish practices. The group, dubbed Pathfinder, brings together trusts including Nest, Smart Pension and People’s Pension, which represent over £162.7bn in funds under management and 14.5m savers. It aims to examine the current [...]
Pension giants ink £1bn build-to-rent deal September 23, 2024 “We can see there’s a critical shortage of housing supply, coupled with increasing demand for high-quality rental homes,” said Elizabeth Fernando, chief investment officer at the workplace pension fund said.
Lombard Odier called in to build £5bn ESG fund for UK pension savers February 22, 2024 One of the UK’s biggest pension schemes has called in Lombard Odier to build a £5bn ESG fund to pump into companies tackling climate and social issues.