UK - Dorset County Council pension fund has invited applications for a manager to run an active currency mandate. The fund has allocated £35m, representing 2% of the portfolio, for the allocation.
A spokesperson for the £1.4bn fund explained it has used a 50% passive hedge for the last two years. “An active allocation was the next step on from the passive hedge, it was topical in every committee...
UK - Government plans to cut a subsidy boosting the appeal of solar panel infrastructure investments could scupper scheme plans to use these investments as part of their liability matching strategies, fund managers say.
UK - Aegon is to close its defined benefit pension scheme to future accrual in March 2013 as part of its restructure and cost saving programme.
UK - The Pension Protection Fund has published its annual report - revealing a surplus of £678m ($1.1bn) at 31 March.
UK - Schemes looking to maximise returns in a low interest rate environment must work closely with investment banks to boost member outcomes, Barclays chief executive Bob Diamond says.
UK -More than 40% of firms have closed or are in the process of closing their defined benefit pension schemes, latest research from Aon Hewitt shows.