Consultants have been accused of using an "accounting trick" to overstate the performance of alternative investments by about £5.1bn over the past decade across Local Government Pension Schemes (LGPS).
A report by research firm CLERUS found performance assumptions used to promote alternatives did not stand up to scrutiny and were in stark contrast to historic performance. Using publically available...
Almost all listed asset managers have now signed up to the transparency code that launched 12 months ago to help local government funds get better cost data, writes Stephanie Baxter
This week's top stories include MPs questioning the regulator's leadership in a letter to the watchdog's chairman, and FTSE 100 schemes post accounting surplus for first time in decade.
While the majority of UK's largest pension funds have taken action on climate change, parliament says there are still some that are failing to manage their schemes responsibly.
Master trusts will have just one chance to demonstrate to The Pensions Regulator (TPR) that they should be authorised under the upcoming regime, the watchdog has said.