THE £1.2BN Cumbria Local Government Pension Scheme is to invest up to 10pc of its assets into a tailored portfolio of alternatives assembled and managed by BlackRock.
The scheme said the fund of alternative would include private equity, global (ex-UK) property, funds of hedge funds, single strategy hedge funds, global tactical asset allocation (GTAA), commodities, infrastructure,...
This week's top stories include ITS' management buyout from Mercer, and The Pensions Regulator launching a probe into single-employer defined contribution schemes' default funds.
People retiring in the UK will on average outlive their pension savings by 10 years, according to research by the World Economic Forum (WEF).
Steps to improve auto-enrolment are uncontroversial and obvious, but the government is dawdling on introducing the necessary changes, argues Jack Jones.
Professional trustees will be expected to apply for accreditation as part of a framework intended to be launched on 1 July by the Professional Trustee Standards Working Group (PTSWG).