The London Borough of Lambeth Pension Fund has signed up to a £42m private-rented sector investments strategy with Invesco Real Estate.
The local authority fund has joined the asset manager's £350m-plus Build to Rent strategy in a bid to diversify its investments while providing inflation protection over a suitable duration. Also backed...
PTL has appointed Karein Davie as a client director in its Birmingham office.
The level of interest rate hedging increased to £29.5bn of liabilities in the second quarter as pension funds continued to de-risk, according to BMO Global Asset Management's research.
UK inflation has risen for the first time since November to 2.5% in July, up from 2.4% in June, thanks to rising fuel costs and the price of computer games.
The number of DB pension scheme trustees targeting a buyout with an insurer has increased significantly in the past five years, latest research from Willis Towers Watson shows.