US - The Alaska Permanent Fund Corporation (APFC) saw a 17% return on investments in the 2007 fiscal year.
Carl Brady, chair, board of trustees commented: “It was a good year for the fund and in a fortunate turn of events, all of its asset classes had positive returns.”
The board of trustees has also agreed to update its stock investment policy, which it stated would align the fund’s policy to current investment industry practices.
By doing this, the fund’s managers would be allowed to invest in all of the security types in their corresponding benchmarks.
Trustees Steve Frank and Bill Moran were elected to board chair and vice chair respectively.
The $39.1bn fund's most recent asset allocation included 27% US equities, 23% US bonds, 14% global equities, 13% non-US equities and 10% real estate
UK inflation unexpectedly rose to 2.7% in August, beating analysts' expectations of a drop to 2.4% from 2.5% the previous month.
The Pensions Advisory Service (TPAS) helped 187,000 people in 2017/18, a 9% fall on the previous year despite setting up special helplines for specific scheme members.
The Liberal Democrat party has passed a motion pledging to cap tax-free lump sums under Freedom of Choice at £40,000 if elected into government.