Investment

The current refinancing gap for middle market companies created by banks' unwillingness to lend is providing mezzanine debt investment opportunities for schemes, Mercer says.

GLOBAL - The current refinancing gap for middle market companies created by banks' unwillingness to lend is providing mezzanine debt investment opportunities for schemes, Mercer said.

Pension fund managers could have been forgiven for feeling like the worst had passed when the industry emerged from 2009, though it appears the glow of recovery was merely a reprieve.

There are now less than 30 months to the advent of automatic enrolment.

The coalition government will take a "long hard look" at auto-enrolment and the delivery of NEST before deciding on its future, Steve Webb says.

US - Account-based retirement plans for new salaried employees are increasingly replacing defined benefit plans at large US companies, a study by Towers Watson revealed.

Trustees would be failing in their primary role if they allow issues of ethics to cloud their investment decisions, Ian Greenwood says.

In the first of two features detailing the first meeting of our DC World Steering Club, Helen Morrissey asks how investment strategies are evolving

Pension schemes are increasingly appointing chief investment officers for in-house investment expertise and to slash the costs incurred by using third-party consultants, DMGT says.

Disappointing returns from active managers sparked an overhaul of investment strategy at the £9.6bn Strathclyde Pension Fund, delegates heard.