UK - Islington Council is looking for a manager to run an overseas equities mandate worth over a third of its £347m scheme's assets.
The mandate comes after Islington successfully completed the sale of several properties in a bid to plug its scheme’s £100m deficit.
The scheme is currently split 70:30 between equities and bonds and Islington said that while the overall asset allocation will not change, overseas equities will make up 45% of its total assets, up from its current 40% weighting.
The Pensions Administration Standards Association's Margaret Snowdon won the coveted Pensions Woman of the Year award. She tells Stephanie Baxter about lessons she has learned along the way.
Defined benefit (DB) schemes are set to shorn themselves of over £300bn of liabilities between 2019 and 2021 as they continue to mature, Mercer predicts.
This week's top stories include the Competition and Markets Authority issuing its final report for the investigation into investment consultants, and The Pensions Regulator launching its first fraud prosecution.
Many investment portfolios that rely heavily on stock-bond diversification to manage risks may not be protected against inflation surprises. Real assets offer a solution.