UK pension schemes that are being offered a new type of deal by private equity firms, hedge funds and asset managers find themselves at a crossroads.
So-called capital-backed journey plans promise a way to reach funding targets more quickly. And investment firms willing to make such deals have been approaching pension schemes with growing frequency to put the case for what they can offer.
The hoped-for activity, though, has so far failed to occur.
“There has been no lack of capital or supply for
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