The £1.4bn Royal County of Berkshire Pension Fund has invested £14.5m in an indirect property mandate with Mayfair Capital.
The local authority fund's investment was made in specie, meaning the consideration was made through the issuance of units, rather than by cash. The scheme is now the single largest investor in the fund,...
People approaching retirement are "systematically misjudging" their longevity and undervaluing annuities, the Institute for Fiscal Studies (IFS) says.
Professional Pensions is holding a breakfast briefing on engaging defined contribution (DC) members on 7 February.
Panellists at a PP webinar discuss October's High Court judgment on GMP equalisation, how schemes have responded, what their strategies should be, and how the industry can approach it.
Some investment consultants and fiduciary managers may be misrepresenting the conclusions of a major market competition review to clients, XPS Pensions says.