US/UK - Franklin Templeton Investment Management's US government fund has seen its assets under management pass US$3bn (£1.9bn).
The fund, which invests in US Government National Mortgage Association (Ginnie Mae) bonds, is aimed at small schemes, as well as high net worth individuals.
Sales and marketing director Jamie Hammond said: “Ginnie Mae’s are backed by the full faith and credit of the US government – they have extremely competitive risk-adjusted returns and they offer a high level of diversification.”
An innovative funding structure has been agreed for Croydon Pension Fund. However, there are some concerns about the arrangement. Stephanie Baxter reports
Some 52% of red flags raised by schemes on suspected scam pension transfers involve advisers or unregulated introducers, a report by the Pension Scams Industry Group (PSIG) has claimed.
The Norfolk Pension Fund has been successful as the lead plaintiff in a class action case that went to jury trial in California involving securities fraud.