UK - Dresdner Kleinwort Wasserstein is to sponsor and co-manage a fine art fund which aims to invest £200m in paintings and sculptures.
The assets will be accumulated over a four-year period and then “slowly and strategically” sold back into the market over six to nine years.
The minimum investment for the London-based fund is set at £180,000.
The fund is launched at a time when the art price index of paintings has shown that art has outperformed both the Dow Jones and the Nasdaq over a two-year period.
The £14bn Railways Pensions Scheme is one of several key UK pension funds which has previously invested in art.
Ex-BHS owner Dominic Chappell has been ordered to pay a total of £87,000 in fines and court costs after he was found guilty of failing to provide The Pensions Regulator (TPR) with information.
The Department for Work and Pensions (DWP) has said it while believes in the benefits of consolidating defined benefit (DB) schemes, there are significant issues to overcome.
There is just one week left to register to enter the Workplace Savings and Benefits Awards 2018.
Nearly a third (32%) of employers believe new technologies, such as augmented and virtual reality, will play a part in benefits communications, latest research from Aon Employee Benefits reveals.