Investment

Central banks are set to go indifferent directions

Most members agree hike is imminent

BMO Global Asset Management has made two appointments to its liability-driven investment (LDI) team as the firm expects strong growth in the business.

Trustees of the Brunel pension fund have agreed a recovery plan with the scheme's sponsor, which is being investigated by The Pensions Regulator (TPR) over concerns about a corporate restructuring.

The Financial Conduct Authority (FCA) is investigating asset managers and investment consultants over concerns about value for money and conflicts of interest.

The Smiths Group has cut contributions to the Smiths Industries Pension Scheme (SIPS) by 60% after a dramatic improvement in funding levels allowed trustees to de-risk its investments.

Eurozone and Japanese equities will outperform the US market next year as their central banks start to move in very different directions, according to NN Investment Partners.

Interest rate and inflation hedging activity dropped by 24% and 27% respectively in the third quarter, according to BMO Global Asset Management's liability-driven investment (LDI) survey.

The Consumer Prices Index (CPI) fell again by 0.1% last month, the ninth month running that inflation has been close to or at zero.

Hybrid schemes lead to much better governance and investment outcomes than pure defined contribution (DC) or defined benefit (DB), according to a report by the 300 Club.