The $1.8bn New York City Board of Education Retirement System has extended its search for a new investment consultant.
Originally the fund was looking to close its search for a new consultant at the end of May, with an appointment scheduled for the beginning of July.
However the search has now been extended to June 12 it is now looking to have a new consultant in place as soon as possible. The existing contract with Buck Consultants runs out at the end of June.
By Geoffrey Ho
A new criminal offence of neglecting pension responsibilities will be announced in a pensions white paper this week, the prime minister has confirmed.
Despite improvements in investment manager attitudes towards responsible investment, research reveals there is a way to go before the majority deliver meaningful action. Victoria Ticha explores why
The Co-operative Bank is set to continue de-risking pension schemes after it mitigated further losses by switching from the retail prices index (RPI) to the consumer prices index (CPI).
A model aimed at reducing climate change-related financial risk exposure from corporate credit assets has been launched by Insight Investment.