US - Iowa Peace Officers Retirement System has adopted the Dow Jones Wilshire Index Family, to benchmark its equity investment portfolio and monitor fund managers.
The decision was made after the US$300m public pension fund and the treasurer of the State of Iowa conducted a series of studies on the value of the Dow Jones Wilshire Indexes as a tool to monitor their domestic equity manager’s process and performance.
Iowa State treasurer Michael Fitzgerald said: "The Dow Jones Wilshire Indexes are an important benchmarking tool that helps us oversee our equity managers more effectively by providing the most accurate comparison of active and passive investment strategies.”
Royal London saw its new group pension business decline over the first half of 2018 as the rollout of auto-enrolment (AE) drew to a close, according to its interim results.
Now Pensions has made "huge progress" in resolving legacy administration issues - switching systems and completing unit adjustment for a "large proportion" of members, it says.
Trustees of the Airways Pension Scheme (APS) will not make a firm decision on whether to appeal the Court of Appeal's judgment on discretionary increase payments until September.
Accountant Hashmukh Shah has pleaded guilty to deliberately providing false information to The Pensions Regulator (TPR) when stating a pension scheme had been set up for staff of a London-based restaurant.