Asset Allocation
Thames Water Marked Down by More Than 60%
The U.K.’s Universities Superannuation Scheme downgraded the value of its holdings in the private utility, putting infrastructure investments under a spotlight.
The proposed reduction would cut the combined employer and employee contribution rate to 16.2% from 31.4%.
The Universities Superannuation Scheme had stored participants’ details on Capita’s Hartlink platform, yet states ‘USS member data … has not been compromised.’
UK’s largest pension plan will shun investments, like tobacco and coal, it deems ‘financially unsuitable.’
UK’s largest private pension opens £17 billion portfolio to 85,000 defined contribution members.
Universities pension fund reaches partial settlement of class-action suit.