Global asset owners have made significant advancements in the transparency of disclosures with the industry, showing unprecedented alignment with best practices in performance, responsible investing and governance disclosures. However, cost reporting continues to be a pain point.
Canada has been named the country with the most transparent pension funds for the fifth consecutive year, according to the 2025 Global Pension Transparency Benchmark, with each of the five Canadian funds assessed ranked in the top 15 funds globally.
NEST is conducting a strategic review of its private markets allocation to ensure the program – launched in 2020 – is still capturing a liquidity premium for its young member base. Its private market head explains the key seams including no performance fees and evergreen structures to monitor deployment.
Trustees and employers overseeing the UK’s 5,000 corporate pension plans, which hold an estimated £1.2 trillion ($1.6 trillion), have another option to help manage their defined benefit assets following TPT Retirement Solutions’ proposal for a new superfund that will access managers through a fund-of-funds structure.
Chief investment officer of the $150 billion Minnesota State Board of Investment will gain authority to hire and fire managers without board approval in a governance overhaul approved this week that will sharply fast-track decision-making. The change follows an 18-month asset allocation study which has resulted in some portfolio finetunes.
UK pension funds LPPI, Border to Coast and LGPS Central are soaking up assets from Brunel and ACCESS as the country takes the next step towards creating mega pools in Local Government Pension Schemes, which collectively manage £392 billion ($522 billion).
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