Kent LGPS fund says Woodford closure is 'in best interests' of investors

James Phillips
clock • 2 min read

The Kent Pension Fund has reassured members that the closure of Woodford Investment Management will not affect its ability to pay benefits.

The £6.4bn local authority fund said a "managed run-down" of the beleaguered investment manager would be best for all investors. It was announced yesterday (16 October) that Link Fund Solutions ...

To continue reading this article...

Join Professional Pensions

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions
member?

Login

James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

More on Investment

FCA approves Legal & General's first private markets LTAF

FCA approves Legal & General's first private markets LTAF

DC-focused strategy to launch this summer

Valeria Martinez
clock 22 May 2024 • 1 min read
Exclusive: Schemes voice concern over regulatory pressure

Exclusive: Schemes voice concern over regulatory pressure

Increased fears over red tape come as worries over inflation and potential recession subside

Jonathan Stapleton
clock 21 May 2024 • 7 min read
Is there sufficient demand for private assets to meet supply?

Is there sufficient demand for private assets to meet supply?

Chris Newlands looks at the proliferation of private debt offerings

Chris Newlands
clock 17 May 2024 • 6 min read
Trustpilot