GLOBAL - Returns on hedge funds have slumped over the last year according to figures released by index provider MSCI.
Hedge funds MSCI’s composite index made returns of 3.1% over the year to July 31 – over a five-year period the same index produced an average 11.4% return.
The Pensions and Lifetime Savings Association (PLSA) has announced it will shrink its board by more than one-third as part of a governance overhaul to make it "agile and more appropriate".
Smaller FTSE 350 defined benefit (DB) schemes were nearly 15 percentage points less well-funded than larger schemes in 2017, according to a Goldman Sachs Asset Management (GSAM) analysis.
The advent of collective pension systems could help the UK avoid demographic challenges which will make it "impossible" for society to help savers in retirement, experts say.