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,...
An unnamed London-based employer has been hit with a £350,000 fine from The Pensions Regulator (TPR) for failing to fully comply with its pension duties.
XPS Pensions has enhanced its fiduciary management selection service in order to help trustees through initial selection and mandatory re-tendering.
One in five defined benefit (DB) schemes are in The Pension Regulator's (TPR) weakest two categories, analysis by Hymans Robertson has revealed.
State Street Global Advisors (SSGA) has been selected as the first index manager for the Asset Management Exchange's (AMX) passive funds.