The Local Government Pension Scheme's (LGPS's) Access pool has appointed UBS Asset Management to run the consolidated passive mandates for 11 administrating authorities.
The brief includes passive briefs across both equity and fixed income and uses a range of indices, including market cap, RAFI and other indices. The pool did not disclose the price paid to UBS for managing...
The Pensions and Lifetime Savings Association (PLSA) has announced it will shrink its board by more than one-third as part of a governance overhaul to make it "agile and more appropriate".
Smaller FTSE 350 defined benefit (DB) schemes were nearly 15 percentage points less well-funded than larger schemes in 2017, according to a Goldman Sachs Asset Management (GSAM) analysis.
The advent of collective pension systems could help the UK avoid demographic challenges which will make it "impossible" for society to help savers in retirement, experts say.