US - The New York State Teachers' Retirement System posted returns of 23.3% in the 12 months ended 30 June, the highest one-year return in 25 years.
Assets hit $89.9bn, up $13bn from a year earlier. The 25-year annualised return is 9%, 100 basis points above its target return.
The fund targets an allocation of 42% in domestic equity, 18% in domestic fixed income, 15% in international equity, 10% in real estate, 8% in mortgages and 7% in private equity.
Domestic equity performed the strongest with returns of 31.7% for the year, followed by international equity with returns of 30.8%. Private equity returned 23.8%; real estate, 23.6%; mortgages, 7.3% and domestic fixed income, 3.8%.
The Pensions Regulator (TPR) and Labour MP Stephen Kinnock and will listen to the experiences of steelworkers when transferring their pensions away from the British Steel Pension Scheme (BSPS) next week in Port Talbot.
Just Group has acquired a 75% stake in the holding company of Corinthian Pension Consulting in a bid to strengthen its professional defined benefit (DB) advisory services.
The Pensions Regulator (TPR) has exercised its production order power under the Proceeds of Crime Act 2002 for the very first time as part of a fraud investigation.
The ITN Limited Pension Scheme has named Trafalgar House as its administrator for an initial term of five years.