Investment

The hunt for scale and lower costs through mergers and acquisitions is set to be an industry-changing trend over the next five years, State Street says.

Legal & General Investment Management has signed up to the United Nations Principles of Responsible Investment.

Active investment managers able to identify strong companies through fundamental analysis outperform their benchmarks by about 120 basis points per year, academic research shows.

Institutional investors should undertake a "fundamental review" of equity portfolios amid concerns of a developed economies bias, a consultant says.

Vanguard's forthcoming target date funds are very likely to be designed based on the assumption that most people will continue to take an annuity, Peter Robertson says.

The Pensions Regulator's ability to enforce its financial support direction against six Lehman Brothers subsidiaries is questionable due to ongoing insolvency proceedings, lawyers say.

The Institutional Investors Group on Climate Change has issued guidance to help pension funds understand the climate risks in property investment.

Forcing employers to pay into the existing stakeholder regime would mean a lower cost alternative to NEST could be implemented "tomorrow", a senior actuary says.

Vince Cable's plans to "give shareholders more say" will fall flat because institutional investors do not have sufficient incentives to exercise responsible ownership, FairPensions warns.

GLOBAL - The next decade will see employers improving the spend-down phase of their DC schemes, research by Mercer predicts.