Royal Borough of Kingston upon Thames pension fund has hired Aon Hewitt as its investment consultant ahead of a review of the fund's investment strategy and asset allocation.
The £435m fund is reviewing its strategy in light of uncertain global economic climate, changes to the LGPS, an upcoming actuarial valuation, public spending reductions and legislative changes. Minutes...
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.