UK - State Street Global Advisors (SSgA) is to launch a market neutral global hedge fund aimed at pension funds.
The low volatility fund will be based around SSgA’s existing US, Japan and European hedge fund strategies.
UK inflation unexpectedly rose to 2.7% in August, beating analysts' expectations of a drop to 2.4% from 2.5% the previous month.
The Pensions Advisory Service (TPAS) helped 187,000 people in 2017/18, a 9% fall on the previous year despite setting up special helplines for specific scheme members.
The Liberal Democrat party has passed a motion pledging to cap tax-free lump sums under Freedom of Choice at £40,000 if elected into government.
In a hard-hitting interview with Stephanie Baxter, the former chairman of Carillion Pension Trustees explains why he thinks a blame culture and too much red tape are damaging pensions and why he feels regulators are getting it wrong.