Accrual rates for Lord Hutton's new public sector schemes could reach 1/80th, with a ‘cost-ceiling' formula across all schemes set to dictate the rate used for specific funds.
Greater Manchester Pension Fund is set to invest up to £500m in local investment opportunities to help boost the local economy and regenerate town centres in the North West.
Mayfair Capital has relaunched its income fund and rebranded its opportunity fund.
Nearly two-thirds of pension managers believe schemes are being overcharged for actuarial and other services.
One in three workers are without a pension; Pensioners ‘bear brunt of rises in cost of living'; IMF warns on destabilising flight from risk; Winter of discontent ahead as unions to ballot for strike over pensions; Public sector unions line up to announce...
Trade unions this morning declared war on government pension policy after three of the country's biggest unions confirmed 1.65 million workers would move to strike in November over public sector pensions.
Sponsors will increasingly turn to intellectual property as a contingent asset to plug pension fund deficits, lawyers say.
The John Lewis Partnership Pension Trust has seen its accounting deficit rise by 16% to £479m in the first half of the year.
Towers Watson has lost its UK head of defined contributing investment to Fulcrum Asset Management.
RSM Tenon has further expanded its corporate pensions business with the hire of Steve Ingram.