Active management firms' revenue worldwide declined by 30% - 50% last year, Watson Wyatt research reveals.
The consultant said increasing pressure on profitability at active asset management firms this year was likely to cause considerable changes in the industry. It urged asset owners to prepare accordingly....
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The local government pension pools for the South West and Midlands are actively hiring senior managers to lead and develop the innovative structures.
There is no reason to be pessimistic about the pensions challenge confronting the nation says former Bank of England governor, Lord Mervyn King.
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