Including: UK - Pension funds need education; US - California funds divest from Iran
UK - Pension funds need education
The Financial Times has reported on a survey of pension fund managers which said that barely over a fifth of large pension funds, with assets of between £5-10bn, had a liability driven investment (LDI) strategy in place.
Critics of the strategy accused LDI of being “a bit of a gimmick” and “a fancy name for asset/liability modelling” but over 30% of funds questioned said they were considering a move to implementing LDI in the future.
US – California funds divest from Iran
Following the signing of the California Public Divest from Iran Act, the two largest US public pension funds, both based in California, will be forced to sell assets in energy companies based in the country, the Wall Street Journal has reported.
The FCA and TPR have announced their joint strategy for tackling the key risks facing pensions in the next decade. Victoria Ticha explores the plan and the industry's initial reaction.
GKN has slammed Melrose for making 'misleading' comments relating to the engineering giant's two UK defined benefit (DB) schemes.
UK inflation fell to 2.7% in February 2018 from 3% a month earlier, the Office for National Statistics (ONS) has confirmed, a larger decline than analysts expected.
In the latest in a monthly series of DC columns from Newton Investment Management, Curt Custard warns investors of the possibility of further volatility in the months ahead