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Pensions
REST Pension Core Strategy Returns 8.67% in Fiscal 2024
The Australian fund manages more than $53 billion in assets.
Private and public sector plans returned 8.4% in the final quarter, according to RBC Investor Services.
Report says ‘remarkably poor and unreliable’ data on the asset class is a stumbling block for defined benefit plans.
The firm will transfer 85% of its U.S. defined benefit plan obligations to Athene through annuity contracts.
Oliver Morley will become CEO of the U.K.’s Money and Pensions Service.
The portfolio’s market value dropped by more than $2 billion last year to $20.2 billion.