The £1.5bn Durham Pension Fund has completed a "shake-up" of its managed mandates to reduce the cost of employer contributions.
The local government scheme announced the overhaul after a review of the fund’s liabilities and its approach to asset allocation. The new mandates aim to yield higher returns to reduce employer contributions....
Life expectancy in the UK saw no improvement between 2015 and 2017 as the number of people aged over 90 hit a record high, latest Office for National Statistics (ONS) data reveals.
Self-administered pension funds spent £14bn on payments to pensioners in Q2 2018, but only received £11.4bn of contributions (net of refunds), latest Office for National Statistics (ONS) data reveals.
The Pensions and Lifetime Savings Association (PLSA) has named the 17 members of its inaugural policy board after a competitive application process with 60 candidates.