The Vermont treasurer says the state is facing difficult choices to help resolve shortages in the pension system for state employees and teachers.

Although the final rule relaxes certain restrictions on marketing content, it also introduces several new obligations.

Despite small interest payments and not much price appreciation potential, many investors say it does deliver in this one area.

The vast majority (95.7 per cent) of defined benefit (DB) pension scheme trustees believe they need to consider re-aligning their investment strategy to achieve long-term funding objectives, with 91.5 per cent prioritizing this for 2021, industry research has found.

The new President and COO retain their previous responsibilities as well.

The new partners include the global head of legal, two real assets team members and a secondaries analyst.