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.
The plan’s emerging manager-of-managers replaced a firm within its global equity emerging manager-of-managers portfolio due to a critical personnel change.