THE £4.3bn Merseyside Pension Fund has gone out to tender for two to five unconstrained managers to run a £450m UK equities portfolio.
The scheme said it wanted to create a portfolio targeting net returns of FTSE All Share plus three percentage points. It said it expected managers would achieve these returns using unconstrained, 130/30...
Jonathan Stapleton asks whether newly-accredited professional trustees should be a statutory fixture on pension scheme boards.
Savers are being warned by the Insolvency Service to guard their pension pots from investment scammers and negligent trustees as it winds up 24 companies.
Respondents say they should only be required in certain situations as the system is not broken.