Kent County Council has come under fire from campaign groups for investing £24m of its pension fund portfolio in tobacco companies.
The local authority fund invests about £13.5m in the Altria Group; £3.6m in Philip Morris; £3.5m in Imperial Tobacco; and £3.4m in Japan Tobacco - about 1% of its total equity investments. But FairPensions,...
Here are key takeaways from our 2019 Asset Allocation Outlook on how we are positioning asset allocation portfolios in light of our outlook for the global economy and markets.
This week's top stories included a Freedom of Information request revealing more than 100,000 savers could face six-figure tax bills as a result of GMP equalisation.
The Pearson Pension Plan has entered into a £500m pensioner buy-in with Legal & General (L&G) in the insurer's first deal of 2019.