The £1.45bn Berkshire Pension Fund has appointed Kames Capital to manage a £70m global equity mandate.
The actively managed portfolio will target an initial dividend yield of at least 130% of the MSCI World Index and income growth in excess of the UK Consumer Price Index for the local government scheme....
This week's top stories included Legal & General acquiring MyFutureNow to provide a dashboard service to customers, while also agreeing a hybrid buy-in with a Hitachi scheme.
NEST has signed up to the government-backed Star Initiative, taking all of its 8 million members' pension pots with it.
It is perhaps inherently difficult to find an agreed definition of value for money, but some methodologies could act as a stopgap, argues Jonathan Stapleton.