Former pensions minister says move could ‘divert billions to local needs’
LGPS pool expands exposure long-term investments in global private markets
Deal with Miami-based insurer comes as Utmost looks to focus on wealth solutions
Move supports Mansion House ambitions of Mercer Master Trust and Now Pensions
But People’s Pension disappointed FCA did not recommend a ban on transfer incentives
Watchdog wants to ensure members not disincentivised by higher performance fees
Bitcoin outperforms other assets during year, but recent crypto selloff dents gain
Insurer will move HQ to US and be renamed as Transamerica as part of strategic move
TRAC aims to expand pension investment, increase efficiencies and support UK growth
Joint venture aims to grow the portfolio by more than 15,000 homes over the next decade