Investment

The Merseyside Pension Fund has tripled the size of its fund of hedge funds allocation with Pacific Alternative Asset Management Company (PAAMCO) to $75m (£47.1m).

Longevity swaps allow schemes to remove risk without the need to transfer assets and reduce equity positions, delegates heard.

TPR business delivery director June Mulroy explains why it is taking so long for some schemes to wind up

PPF's Martin Clarke talks about the long-term levy and the new assess and pay initiative

Trustee boards should make sure their defined contribution scheme assets are given enough attention compared with defined benefit legacy section, delegates heard.

Conflict of interest faced by pensions managers is a critical issue which must be addressed but can be dealt with effectively, delegates heard.

GlaxoSmithKline trustees have agreed a £900m buy-in deal with Prudential.

BNY Mellon Asset Management has launched the Evolution Global Strategic Bond Fund.

Long-term low interest rates are damaging pensions and will cause another financial crash, Ros Altmann warns.

Risk transfer deals are expected to be well in excess of £1bn in the fourth quarter on the back of improved market conditions and indexation changes, industry experts say.