Does pay matter? This question – which is very much in the news at the moment – is not as easy to answer as you might think.

Pension schemes can still invest in offshore alternative funds, but national regulations are making the task harder, finds Nick Fitzpatrick. Meanwhile, Aberdeen Asset Management is planning an alternative Ucits launch.

Survey after survey points to increased allocations to alternative assets by pension funds, writes Alix Robertson.

Yields on sovereign bonds and bank interest rates have moved into negative territory, making the world of fixed income a challenging place to navigate. David Stevenson finds out how asset managers are dealing with the new normal.