Poor governance is a significant risk to hedge fund investments, USS co-head of responsible investment Daniel Summerfield told delegates.
USS is the second largest pension fund in the UK with £32bn of assets – £1bn of which is invested in hedge funds. Summerfield said the fund has a legacy of high exposure to equities and has steadily...
The top stories this week were the High Court's decision to block the £12bn annuity transfer from Prudential to Rothesay Life, and a separate court ruling that 'raises the bar' for pension rectification exercises.
Guaranteed minimum pension (GMP) equalisation has soared to the top of pension schemes' to-do lists, with 58% stating it is a priority project, research from Equiniti has revealed.
Professional Pensions is holding its defined contribution (DC) conference on 4 September.