THE Yorkshire Co-operatives Employees Pension Fund has hired Baring Asset Management to run a £11.3m diversified growth brief.
This is the second multi-asset mandate the Yorkshire fund has awarded to the fund management firm – which now manages £34.8m The latest investment is in Barings’ extended risk fund – a multi-asset...
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.