The £1.2bn Cornwall Council Pension Fund has appointed Invesco Perpetual to manage its £50m diversified grown mandate.
The mandate will rise to £140m over the next year and will be the first local authority fund to invest in the Invesco Balanced Risk Allocation fund. The IBRA, run by chief investment officer Scott Wolle...
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.