The £4.3bn Lancashire County Council pension fund has become the fourth local government pension scheme this year to hand Northern Trust a custody mandate.
Northern Trust adds Lancashire to its list of clients after winning custody mandates for the £3.2bn Lothian Pension Fund, £1.2bn Dyfed Pension Fund and £739m London Borough of Wandsworth this year....
The pensions minister has said investing in growth boosting and social projects could be part of a solution for deficit-ridden schemes struggling with falling gilt yields.
The Labour party will work to ensure the fallout from Brexit does not undermine the sustainability of the UK’s economy and pensions system according to Angela Rayner.
Debbie Abrahams has been promoted to shadow work and pensions secretary following a series of resignations and promotions.
With trustee boards required to manage costs effectively, should they consider removing fund managers who don’t provide data on transaction charges? James Phillips reports