Lancashire County Council has gone out to tender for a UK and global equity enhanced indexation manager for its £3.6bn pension fund.
The council said the £350m mandate could be split between several managers. Lancashire County Council principal accountant Mark Bennett said: "The portfolio is split half and half between UK and global...
The secretary of state for work and pensions has told MPs clawback and avoidance measures could be imposed for the people responsible for driving Carillion over the cliff.
Occupational pension provision has continued to grow in value, but there remains large variance in incomes across the pensioner age group, according to latest government data.
Defined benefit (DB) schemes could have an aggregate surplus by 2021 under Pension Protection Fund (PPF) projections, its strategic plan for 2018 to 2021 reveals.
Investment consultants are failing to recommend products that outperform net of fees, the Competition and Markets Authority (CMA) has said as its investigation into the market continues.