pension funds

The move will enable roughly 85,000 DC members, representing around £1bn of funds, to select a private markets allocation within their investment programme.

Almost half of LPs are undecided on whether to increase their exposure to the asset class, a new survey reveals.

But CIO Angela Miller-May stressed it wasn’t the clincher in its recent decision to allocate $50m with IFM Investors and Ullico Investment Advisors.