Investment

Pension funds face losing 25% of their benchmark investment return if they fail to actively manage currency risk, delegates heard.

Default funds are the "healthy choice" for savers but not all the investment options being used adequately cater for members needs, AllianceBernstein says.

Emerging market debt fundamentals are attractive for pension funds seeking portfolio growth and diversification, J.P. Morgan Asset Management says.

About half of all UK pension schemes have adopted a liability driven investment strategy in the wake of volatile markets, F&C Investments says.

Reformed hedge funds operating under traditional principles can provide investors with valuable diversification against equities, delegates heard.

Individuals must open themselves up to investment risk or they will be poor in retirement, delegates heard.

US - Florida's US$122bn public- employee pension, the fourth-largest US state system, will get expanded oversight and be allowed to own more international stocks under new guidelines effective next month.

Accounting surveys by KPMG and Hymans Robertson - both published last week - found increases in inflation assumptions have increased markedly but are still failing to keep pace with market assumptions.

The current investment governance model needs to be significantly improved, Mn Services says.

DC schemes are clearing not working in their current guise and employers will move towards different types of tax wrappers, Standard Life says.