Investment

An increasing move towards income drawdown could reduce the number of bonds needed in the future by half, AllianceBernstein says.

GLOBAL - Total assets under management by sovereign wealth funds (SWFs) grew to US$3.5trn over the past year in the wake of a recovery in global equities markets, a report by Preqin revealed.

Raquel Pichardo-Allison speaks to Jonathan Boersma, executive director, Global Investment Performance Standards, at the CFA Institute.

More than two-thirds of contractors who take on outsourced local authority services are unaware of potentially crippling pensions costs at the end of their contract, Punter Southall research reveals.

CB Richard Ellis Investors has launched a UK direct property fund for defined contribution pension investors.

Costain has announced it has closed its defined benefit pension scheme to future accrual in a bid to reduce risk and volatility.

The Pension Protection Fund will diversify its assets to gain better returns while maintaining the same level of risk, the lifeboat fund says.

UK - The Pension Protection Fund (PPF) will diversify its assets to gain better returns while maintaining the same level of risk, the lifeboat fund said.

US - BlackRock's head of US defined contribution business Kristi Mitchem will leave the firm to pursue other opportunities.

The UK industrial sector is at a competitive disadvantage to its foreign counterparts as a result of burgeoning pension deficits, a consultant says.