2nd Largest UK Pension Shifting Investment Powers Away From Trustees, Towards Experts

The Universities Superannuation Scheme (USS) is making some major governance changes, as a plan is well underway to shift investment responsibilities away from trustees and towards experts. Investment decisions that were previously made by trustees – such as strategic asset allocation – will now be the responsibility of investment staff. However, ...

Some Pension Funds Want Longer Private Equity Deals; Funds Bypassing PE Firms To Avoid Fees

Private equity investments typically operate on a five-year timeline. But some pension funds are talking with private equity firms about longer-term deals. And at least one pension fund is cutting out the middleman and buying companies outright to avoid fees. Reported by the Wall Street Journal: Canada Pension Plan Investment Board is “open to conversations” ...

UK’s Largest Pension Fund Foresees “Difficult” Year

The UK’s Universities Superannuation Scheme (USS), the country’s largest pension fund, is preparing for the possibility that its unfunded liabilities could be larger than reported, and its financial condition more serious than its 85 percent funding ratio might suggest. From Financial News: USS pays out £100 million worth of pensions a month, ...
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