Record low gilts yields are crippling the growth of liability driven investments after aggregate new inflows flatlined at close to zero last year, a report by KPMG shows.
The professional services firm’s survey of 14 UK-based fund managers shows that the decline in yields on government bonds has caused the number of scheme LDI mandates to stagnate at around 600 last year....
An innovative funding structure has been agreed for Croydon Pension Fund. However, there are some concerns about the arrangement. Stephanie Baxter reports
Some 52% of red flags raised by schemes on suspected scam pension transfers involve advisers or unregulated introducers, a report by the Pension Scams Industry Group (PSIG) has claimed.
The Norfolk Pension Fund has been successful as the lead plaintiff in a class action case that went to jury trial in California involving securities fraud.