Cumbria City Council has awarded the £130m fixed income mandate of its pension scheme to Standard Life Investments.
The segregated sterling corporate bond mandate will be managed on a buy and maintain basis. Cumbria Council technical finance senior manager Fiona Miller said: "It was important for us to choose a fixed...
Most people think it is right that savers take responsibility to protect from pension scams.
More than 100,000 savers face being landed with huge tax bills following tiny uplifts to their pension, a Freedom of Information (FOI) reply has revealed.
On balance the asset class is well-positioned for 2019, according to Eaton Vance