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.”
The directors of collapsed construction giant Carillion were "contemptuous" of funding their defined benefit (DB) pension schemes, and "refused to give an inch", Frank Field has alleged.
The PPF 7800 deficit was slashed in half last month as gilt yields rose. Victoria Ticha asks if this is the start of a longer trend
Frank Field is to warn Sir Philip Green not to sell his Arcadia business without ensuring defined benefit (DB) pensions are adequately protected, PP can confirm.
Some 79% of people would like to see stricter rules and checks to ensure pension pots are secure, according to a survey by the Pensions and Lifetime Savings Association (PLSA).