Strathclyde Pension Fund is shifting its global equity holdings further out of active management and boosting its private equity allocations.
The fund, has assets of £11.4bn, has moved its passive management allocations up from 35% to 42.5% due to “the failure of active managers to add sufficient value” over the past three years. Strathclyde...
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This week's top stories included Cardano announcing plans to acquire Now Pensions from a Dutch pension fund later this year.
Royal Bank of Scotland (RBS) faces a £102m impact on liabilities as a result of equalising guaranteed minimum pensions (GMPs), according to its annual results.