THE £330m Royal Borough of Kingston upon Thames Pension Fund is restructuring its entire portfolio following an investment review.
The scheme has gone out to tender for a manager to run a £130m global equity core mandate, which would aim to outperform the MSCI All Country World Index by between 1.5 and 2 percentage points per annum....
The Centre for Social Justice is calling for the state pension age to be raised to 70 by 2028 and to 75 by 2035, a much faster rise than currently planned.
The High Court has blocked the £12bn transfer of Prudential's annuity book to Rothesay Life, citing the insurer's lack of "established reputation" and differing "capital management policies".
This week's top stories included Legal & General acquiring MyFutureNow to provide a dashboard service to customers, while also agreeing a hybrid buy-in with a Hitachi scheme.