The National Employment Savings Trust (NEST) has picked JP Morgan Asset Management to run its first high yield bond mandate after an open tender.
The master trust is acting as seed investor for the asset manager's life high yield opportunities fund, which is set up to meet the needs of its members. This fund, which will aim to generate returns...
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Baillie Gifford and Montanaro are the first asset managers to sign up to a new transparency code to help the Local Government Pension Scheme (LGPS) get a better handle on investment costs.
Lloyds Bank has launched a joint legal bid with its pension trustees and unions to equalise guaranteed minimum pensions (GMPs) in a move which could cost the industry £20bn.
A quarter of retirees do not believe they have a large enough nest egg to fund their retirement, research has revealed.