International rules designed to bring transparency to the opaque derivatives market could backfire by imposing heavy costs on pension funds and force them to abandon hedging strategies, the industry’s trade body warns.
The National Association of Pension Funds urged authorities to exempt pension funds from initial margin requirements - where derivatives users are forced to post collateral in the form of cash and bonds...
Tim Banks has been named as a senior consultant in the fiduciary management arm of Mercer in a newly-created role.
Vassos Vassou has been hired by Dalriada Trustees to grow business in London and the South East.
AXA Life Invest has hired a regional sales manager and eight retirement specialists to be advisers’ first point of contact for the firm’s drawdown products.
Chief financial officers (CFOs) are concerned they may have to sell their defined benefit (DB) assets at reduced prices to meet pension payments according to Hymans Robertson.