The relationship between consultants and trustees must become more candid and challenging if real improvements are to be made, according to Redington director of strategy Paul Richards.
The perfect pension consultant should put their clients at the heart of everything they do and not offer off-the-shelf products, according to a panel of trustees.
City Noble has closed down following its launch 18 months ago, after the independent advisory firm struggled to get enough business, PP has learned.
Nottinghamshire County Council Pension Fund has appointed investment advisory firm City Noble following a competitive tender.
Towers Watson has urged dynamic investors to take a short-term neutral position on UK and US bond rates after previously recommending a moderately underweight position.
Conflicts of interest make it challenging for trustees to assess consultants
Trustees struggle to assess asset managers and investment consultants, according a Financial Conduct Authority (FCA) review that also identified conflicts of interest and a lack of competition in the markets.
Pension schemes are targeting overambitious returns that could jeopardise their deficit reduction plans, according to a survey by Create Consultancy.
Tees and Hartlepool Port Authority Pension Scheme has appointed Buck Consultants for actuarial and investment advice.
Mercer has confirmed its UK chief executive Alan Whalley has retired from the company, leaving a gap in its senior team.
The Environment Agency Pension Fund and six local government pension schemes have cut their consultancy costs through an innovative collective procurement process.
Trustees of The Dorchester's retirement benefit scheme have appointed Barnett Waddingham to provide a range of services including administration, actuarial and investment consultancy.
GLOBAL - Have you missed the biggest stories in pensions this week? Find out below, as we list the top 10 most popular stories on www.globalpensions.com over the past seven days.
GLOBAL - Towers Watson has raked in $50bn in assets under advisement globally through its implemented investment services business, the firm's fiduciary management offering.
US - The California State Teachers' Retirement System (CalSTRS) plans to bring more assets in house, scrutinise global equity managers and issue or complete at least seven requests for proposals across its portfolio this year.
UK - Mercer has become the latest consultant to revamp its Europe, Middle East and Africa offering with the appointment of Martine Ferland from rival firm Towers Watson.
US - Ohio employees last week escaped a potential increase in contributions when a plan to shift 2% of contributions from employer to employee failed to make it into the state's biennial budget.
Senior officials tell Raquel Pichardo-Allison pension services could easily be exported to suit insurers
SOUTH AFRICA - Towers Watson has doubled its stake in South African actuarial and employee benefits firm Fifth Quadrant and appointed Nigel Biggs as managing consultant in the country.
UK - The number of investment consultancy tenders by defined benefit schemes fell in the first half of 2010, research shows.
GLOBAL - Within the next five years, revenues brought in by Mercer's investment management functions could outpace those brought in by its massive $3.5trn in advisory assets, Andrew Kirton, global chief investment officer said.
GLOBAL - Mercer has reshuffled its top ranks and moved Andrew Kirton to the new role of global chief investment officer.
US - Mercer is to cease providing investment consulting services to public sector defined benefit schemes in the US.
UK - Paul Trickett, head of investment for Europe, Middle East and Africa at consultancy Towers Watson, will be leaving the firm.