The £7bn West Midlands Pension Fund has invested £40m in a global long-short equity fund of hedge funds run by Goodhart Partners.
Chief investment officer Judy Saunders said the appointment was part of its strategy of having a few specialist equity funds alongside passive management. The WMPF has a total of £400m invested in hedge...
The secretary of state for work and pensions has told MPs clawback and avoidance measures could be imposed for the people responsible for driving Carillion over the cliff.
Occupational pension provision has continued to grow in value, but there remains large variance in incomes across the pensioner age group, according to latest government data.
Defined benefit (DB) schemes could have an aggregate surplus by 2021 under Pension Protection Fund (PPF) projections, its strategic plan for 2018 to 2021 reveals.
Investment consultants are failing to recommend products that outperform net of fees, the Competition and Markets Authority (CMA) has said as its investigation into the market continues.