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Wells added: “Lowering the hurdle to the 100% level arguably has more to do with accommodating bigger groups that have been unable to meet the previous 110% requirement.
“Lowering the grade, whether in classification of funds, or in other areas like exams, is a backward move in the long run.”
Below expectations of a 0.2% increase
The fee is 0.2% and the ticker is SP20
Reforms will see the £360bn of assets in 86 local government pension schemes pooled into eight ‘mega funds’
Fee reduced 15 basis points to 0.50%
External net inflows were £600m for the nine months to 30 September
Trust drops ‘Sustainable’ from its name ahead of SDR
