The West Midlands Pension Fund has invested $50m (£30m) in the BlueBay emerging market opportunity fund.
West Midland chief investment officer Judy Saunders said the fund had a 3% allocation to emerging market debt. She added the BlueBay fund complemented the £7bn local authority scheme's existing investments...
The Co-operative Group's Somerfield Pension Scheme has completed a buy-in with Pension Insurance Corporation (PIC), insuring the benefits of its pensioner members.
Caroline Rookes CBE and Michele Hirons-Wood have joined The Pension Superfund's board of trustees to focus on maintaining governance standards and safeguarding member benefits.
The first specialist independent firm advising pension schemes on bulk annuities or moving to a consolidator has been set up with ambitions to shake up the market.