UK - Gartmore Investment Management has won cash mandates worth a combined £25m from Warwickshire County Council and seven other local authorities in the first quarter.
The mandates come after the firm’s Cash Reserve Fund – which posted an annual return of 4% – won the Institutional Money Market Fund Association’s Sterling Money Fund Report Award for 2002.
A handful of industry heavyweights have begun trialling a so-called 'mid-life MOT', with positive initial results reported by all those involved.
The Pensions and Lifetime Savings Association (PLSA) has announced it will shrink its board by more than one-third as part of a governance overhaul to make it "agile and more appropriate".
Smaller FTSE 350 defined benefit (DB) schemes were nearly 15 percentage points less well-funded than larger schemes in 2017, according to a Goldman Sachs Asset Management (GSAM) analysis.