UK - Trustees should be vigilant that they are not paying over the odds for active fund managers, a law firm warns.
Hammond Suddards Edge issued its warning after Bank of Ireland Asset Management said that too many actively-managed funds are performing too close to their relevant benchmarks.
Hammond Suddards Edge solicitor Oliver Rees said trustees should check to see such funds were not actually behaving like index trackers.
Some of the UK's biggest pension schemes will be forced to report on climate risk in line with recommendations from the Taskforce for Climate-related Financial Disclosures (TCFD).
TPT Retirement Solutions has launched a pension scheme for the education sector which offers schools both defined contribution (DC) and defined benefit (DB) pension provision.
The People's Pension has revealed plans to overhaul its charging structure, cutting fees and returning profits to members with an aim to help people save more money for retirement.
Data consultancy ITM has appointed Akash Rooprai as head of client management to lead its de-risking business.