THE NORTH Yorkshire Pension Fund has appointed UBS Global Asset Management to run a £49m global tactical asset allocation mandate.
The scheme said it believed that employing a GTAA manager to take tactical views on markets and currencies gives the opportunity to enhance total returns. But it added that its long-term strategic asset...
Partner Insight: Members' evolving needs and expectations are driving changes in scheme administration. As the pensions landscape inevitably continues to change, how will your scheme's approach need to develop to keep pace?
The Pensions Regulator (TPR) is "working closely" with government contractor Interserve and the trustees of its defined benefit (DB) pension schemes, it has confirmed.
The industry has welcomed the Department for Work and Pensions' (DWP) consultation on defined benefit (DB) consolidation as a way to address scheme covenant issues.
BMO Global Asset Management has opened a UK fiduciary management business, promising a "truly open architecture" approach to deliver "better client outcomes".