THE LONDON Borough of Bromley Pension Fund has appointed Crédit Agricole Asset Management to manage a £40m liability driven investment / target return mandate.
The mandate – which will be managed by the Global bond, currency and absolute return team, led by Vincent Chailley – follows a comprehensive tendering and evaluation process conducted by Bromley, assisted...
The Pensions and Lifetime Savings Association (PLSA) has announced it will shrink its board by more than one-third as part of a governance overhaul to make it "agile and more appropriate".
Smaller FTSE 350 defined benefit (DB) schemes were nearly 15 percentage points less well-funded than larger schemes in 2017, according to a Goldman Sachs Asset Management (GSAM) analysis.
The advent of collective pension systems could help the UK avoid demographic challenges which will make it "impossible" for society to help savers in retirement, experts say.