US - OppenheimerFunds and Tremont Advisers have rolled out a pair of closed-end funds of funds exclusively for tax-exempt institutional in-vestors, such as endowments, foundations and public and private pension funds.
The funds, which are registered with the SEC, are part of the new OFI Tremont Institutional Hedge Fund Series and are being seeded with US$25m each from OppenheimerFunds.
Royal London saw its new group pension business decline over the first half of 2018 as the rollout of auto-enrolment (AE) drew to a close, according to its interim results.
Now Pensions has made "huge progress" in resolving legacy administration issues - switching systems and completing unit adjustment for a "large proportion" of members, it says.
Trustees of the Airways Pension Scheme (APS) will not make a firm decision on whether to appeal the Court of Appeal's judgment on discretionary increase payments until September.
Accountant Hashmukh Shah has pleaded guilty to deliberately providing false information to The Pensions Regulator (TPR) when stating a pension scheme had been set up for staff of a London-based restaurant.