The Universities Superannuation Scheme is in talks with global hedge fund managers to build up a direct exposure to the asset class.
The search is part of an investment programme launched by the fund's board of trustees in 2007 to invest 20% of its £23bn portfolio into alternatives. The programme initially targeted other alternative...
The Pensions and Lifetime Savings Association (PLSA) has announced it will shrink its board by more than one-third as part of a governance overhaul to make it "agile and more appropriate".
Smaller FTSE 350 defined benefit (DB) schemes were nearly 15 percentage points less well-funded than larger schemes in 2017, according to a Goldman Sachs Asset Management (GSAM) analysis.
The advent of collective pension systems could help the UK avoid demographic challenges which will make it "impossible" for society to help savers in retirement, experts say.