Royal Mail’s new pension scheme falls 5% in first six months
Pioneering CDC product underperforms benchmark index by a percentage point
Pioneering CDC product underperforms benchmark index by a percentage point

Minister lacks ‘confidence’ in outsourcer’s ability to implement and transition to new operating model

Consolidation of funds makes evident sense, bringing economies of scale and scope

Stronger guardrails are needed before these funds seep into the $9tn US retirement market

Cheaper deliveries will move to every other weekday and will be scrapped on Saturdays

The $556bn US public pension fund will increase equity allocation under overhauled framework to improve returns

Industry regulator has written to 58 schemes to warn about their exposure to hard-to-sell investments