Since the Chancellor’s budget came out last week, there has been much in the press on the imminent decline of annuity providers. In fact, over the past two weeks we have seen stock prices of the pure-play annuity providers get cut in half or more.
As driving course instructors point out (without a hint of irony) – no one in their right mind would drive forwards by looking only in their rear view mirror.
In an article in Engaged Investor Mark Hodgson comments on the changing face of the fiduciary management industry and warns against using traditional consultants and ‘all inclusive’ plans
Are there lessons for other pension fund trustees in the news that the £20bn government-mandated Pension Protection Fund (PPF) is embracing alternative assets? We think so.
A perennial feature of financial markets has always been their aptitude for innovation. After every crisis comes an inevitable wave of products promising a break with the old regime and a solution to the timeless tradeoff between risk and return.
An academic paper published last month by Tim Jenkinson, Howard Jones and Jose Vicente Martinez, entitled "Picking winners? Investment consultants' recommendations of fund managers" has received much attention in the pension industry - and rightfully so.
There are three things the financial press loves to hate: big banks, hedge funds and China. Any time one of these hits a rough patch, journalists seem to have difficultly containing their schadenfreude.
Through most of the past decade there seemed to be a consensus amongst investors that commodities were going through a "supercycle" driven by growth in demand from emerging market consumers and increasingly constrained sources of supply.
With the fiduciary market on the rise and more and more clients turning to this type of management, we are increasingly being asked by sponsors and trustees to review some of the fiduciary offerings being touted by advisers.