B'ham Council takes on NEC fund deficit

clock •

BIRMINGHAM City Council is set to take responsibility for the National Exhibition Centre Pension Fund's deficit.

The council, which is already a major shareholder in the centre, has agreed to manage the fund’s £16.4m deficit. Council leader Mike Whitby said: “The NEC plays a significant role in putting Birmi...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Absolute Return Funds

Absolute Return Funds

'Consultants love complicated DGFs' - Spence Johnson

Consultants "love" diversified growth funds (DGFs) because they are complicated and difficult to compare, Spence Johnson director Nils Johnson says.

Rachel Dalton
clock 04 July 2013 •
Absolute Return Funds

Sponsored Q&A: Absolute returns

Macro Currency Group's Ashley Shaw discusses absolute returns.

PP Staff
clock 31 May 2012 •
Absolute Return Funds

Scheme investors 'institutionalising' hedge fund managers

Institutional investor concern over hedge fund transparency is driving up risk management standards, leading the industry to become more "institutionalised", an SEI report finds.

Michael Bow
clock 23 January 2012 •
Trustpilot