Class action failure could cost local government schemes £125m

clock

UK/US - Local authority pension schemes could be losing out on £125m (US$198.9m) by failing to participate in US class action lawsuits, research by Goal Group revealed.

Goal Group managing director Stephen Everard claimed £500m of local government scheme losses between 2007 and 2009 would be recovered by funds participating in class action lawsuits. But he said...

To continue reading this article...

Join Professional Pensions

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions
member?

Login

More on Investment

Partner Insight: Diversification and income drive investor appetite for real assets 

Partner Insight: Diversification and income drive investor appetite for real assets 

Challenging markets reinforced the value of real assets in providing diversification and uncorrelated returns.

Sarka Halas
clock 22 March 2024 • 1 min read
Fulcrum and Waystone partner to secure FCA approval for private markets LTAF

Fulcrum and Waystone partner to secure FCA approval for private markets LTAF

DC offering will invest in blend of private market asset classes

Jonathan Stapleton
clock 21 March 2024 • 1 min read
Aon launches responsible investment tool

Aon launches responsible investment tool

RI-360i provides insights to institutional investors to build RI portfolios

Martin Richmond
clock 21 March 2024 • 1 min read
Trustpilot