Class action failure could cost local government schemes £125m

clock

Local authority pension schemes could be losing out on £125m by failing to participate in US class action lawsuits, research by Goal Group, reveals.

Goal Group managing director Stephen Everard claimed £500m of local government scheme losses between 2007 and 2009 would be recovered by funds participating in class action lawsuits. But he said...

To continue reading this article...

Join Professional Pensions

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions
member?

Login

More on Investment

Partner Content: Is the interest rate descent the time to harvest bonds?

Partner Content: Is the interest rate descent the time to harvest bonds?

Markets expect interest rates to fall this year, offering investors the strongest opportunity for fixed income seen for a long time. Watch this video podcast to learn how best to harvest this exciting opportunity.

Sarka Halas
clock 28 March 2024 • 1 min read
Partner Insight: Diversification and income drive investor appetite for real assets 

Partner Insight: Diversification and income drive investor appetite for real assets 

Challenging markets reinforced the value of real assets in providing diversification and uncorrelated returns.

Sarka Halas
clock 27 March 2024 • 1 min read
Cornwall Pension Fund commits £40m to Octopus Energy Transition Fund

Cornwall Pension Fund commits £40m to Octopus Energy Transition Fund

Investment part of fund’s efforts to reach net zero across its investment portfolio

Martin Richmond
clock 26 March 2024 • 1 min read
Trustpilot