On Friday, we reported the multi-billion dollar Teachers Retirement System of Texas (TRS) had withdrawn its allocation to hedge funds. Professional Pensions was wrong - TRS has slightly reduced its allocation not withdrawn it.
The changes the TRS board of trustees made followed a strategic asset allocation review conducted by the scheme's investment management division over the past year. The strategic allocation review was...
An unnamed London-based employer has been hit with a £350,000 fine from The Pensions Regulator (TPR) for failing to fully comply with its pension duties.
XPS Pensions has enhanced its fiduciary management selection service in order to help trustees through initial selection and mandatory re-tendering.
One in five defined benefit (DB) schemes are in The Pension Regulator's (TPR) weakest two categories, analysis by Hymans Robertson has revealed.
State Street Global Advisors (SSGA) has been selected as the first index manager for the Asset Management Exchange's (AMX) passive funds.