Clwyd Pension Fund has undergone a restructure of its hedge fund strategy which will generate cost efficiencies and protect against volatility, following a major investment review.
The £1.4bn local government fund has moved its 13% hedge fund allocation from four previous managers into a managed account platform run by Man FRM, through which Clwyd will allocate 9% of its assets....
Defined benefit (DB) schemes are looking for alternatives to seeking additional cash contributions from sponsors to manage payouts in the wake of the Covid-19 market disruption, according to Willis Towers Watson (WTW).
The Pension Protection Fund (PPF) will look to appoint a new administrator to oversee an investigation into the collapse of Laura Ashley, according to reports.
Down again from March
Every month, several firms issue trackers of the aggregate defined benefit (DB) scheme funding position. See here for the April 2020 estimates on the various measures…
The Society of Pension Professionals (SPP) estimates only 5-10% of scheme sponsors will suspend or reduce contributions during the coronavirus pandemic while majority have no need to alter their payment schedules.