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...
PTL has appointed Karein Davie as a client director in its Birmingham office.
The level of interest rate hedging increased to £29.5bn of liabilities in the second quarter as pension funds continued to de-risk, according to BMO Global Asset Management's research.
UK inflation has risen for the first time since November to 2.5% in July, up from 2.4% in June, thanks to rising fuel costs and the price of computer games.
The number of DB pension scheme trustees targeting a buyout with an insurer has increased significantly in the past five years, latest research from Willis Towers Watson shows.