THE £1.2bn Cambridgeshire County Council Pension Fund has hired State Street Global Advisors to run a £140m passive equity mandate.
The assets will be invested in SSgA’s Managed Pension Fund UK Equity Index Strategy, which tracks the FTSE All-Share Index. SSgA UK managing director Kanesh Lakhani said: "Local authorities are increasingly...
Royal London saw its new group pension business decline over the first half of 2018 as the rollout of auto-enrolment (AE) drew to a close, according to its interim results.
Now Pensions has made "huge progress" in resolving legacy administration issues - switching systems and completing unit adjustment for a "large proportion" of members, it says.
Trustees of the Airways Pension Scheme (APS) will not make a firm decision on whether to appeal the Court of Appeal's judgment on discretionary increase payments until September.
Accountant Hashmukh Shah has pleaded guilty to deliberately providing false information to The Pensions Regulator (TPR) when stating a pension scheme had been set up for staff of a London-based restaurant.