The government's auto-enrolment provider NEST is going tobacco-free across all of its investment portfolios after concluding the asset is a "poor investment" for its eight million members.
Roger Gray says schemes must consider the benefits of investing in alternative assets.
NEST is challenging the asset management sector to come up with an affordable and innovative private credit solution for itself and the wider defined contribution (DC) sector.
Stephen Jones says the broader 'outside' world might be fraught with challenges, but companies are prospering and voicing few concerns. However, caution is warranted.
The pooled structure set up by 12 local authority funds has appointed an interim chief investment officer (CIO), a chief risk officer (CRO), and head of equities and alternatives.