
Newsmakers
UK’s Biggest Pension Fund Facing Lawsuit, Potential Strikes Over Benefit Cuts
The plan is increasing contributions while cutting benefits despite significant investment returns last year.
UK’s largest pension plan will shun investments, like tobacco and coal, it deems ‘financially unsuitable.’
CalSTRS, USS, Japan’s GPIF warn public companies and asset managers to adapt or die.
UK’s largest private pension opens £17 billion portfolio to 85,000 defined contribution members.
Brexit woes, global economic uncertainty amid fund’s top concerns.
Ex-M&G Prudential head Simon Pilcher will take over the UK’s Universities Superannuation Scheme from Roger Gray.
Roger Gray, who nearly tripled the Universities Superannuation Scheme’s assets over 10 years, will leave in September.
Universities Minister Gyimah calls on UUK, UCU ‘get back to the negotiating table, without preconditions.’