Leaders of Pennsylvania’s beleaguered teachers’ pension fund are requesting that board members sign oaths of secrecy before receiving a critical update on the botched investment calculation scandal that has led to multiple federal investigations.
Defined benefit (DB) pension scheme sponsors should work with trustees to review and set long-term pension funding and investment strategies in an effort to ensure that the pensions journey is aligned with wider business needs, LCP has said.
Communication about a firm’s investment process and performance metrics is part of how clients can develop more confidence and understanding when it comes to the investments that make the entire wealth management plan work.
One of the big reasons why ESG exchange traded funds raced to assets under management records last year — and are expected to continue doing so this year — is institutional adoption.