DURHAM County Council Pension Fund is to restructure its entire investment portfolio after a 12 month review of assets and liabilities revealed a £321m funding deficit.
The £1.3bn fund’s new strategy has been designed within a liability-driven investment framework, explicitly linked to underlying liabilities, and will consist of six specialist mandates. Scheme assets...
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.
NEST has signed up to the government-backed Star Initiative, taking all of its 8 million members' pension pots with it.
It is perhaps inherently difficult to find an agreed definition of value for money, but some methodologies could act as a stopgap, argues Jonathan Stapleton.