Liquid alternatives and private debt have the most potential to benefit from Britain's vote to leave the European Union (EU) according to research.
North Yorkshire Pension Fund will invest directly in European private corporate debt for the first time following a review of its fixed income strategy.
Replacement rates are being made obsolete by the retirement flexibilities introduced in April according to research from the Pensions Policy Institute (PPI).
Institutional investors continue to diversify portfolios, tripling the number of global infrastructure mandates awarded over 2012, according to figures from Towers Watson.