EUROPE - Exchange traded funds (ETFs) could generally deliver above average performance compared to actively managed funds, investment company iShares has claimed.
ETFs would generally perform better when seeking to gain exposure to a given market segment without strong convictions about active managers or lack of resource, it said.
It added, while active funds were managed to generate out-performance by capitalising upon market conditions, they could expect a period of poor performance and might stray away from their designated investment strategy.
The company said most alpha related strategies relied on expertise and dedicated resources within a given market segment.
It concluded constructing a portfolio of best performing active managers was an attractive strategy attractive, but of difficult execution.
Coats' pension scheme members are not entitled to annual increases of 5%, the High Court has ruled in a rare instance of a court overturning a decision of The Pensions Ombudsman.
Trustees of the Airways Pension Scheme (APS) have been granted permission to use more than £1m of scheme assets to fund an appeal over discretionary increases.
Chancellor Philip Hammond is being pressed to tackle the impact of pensions allowances on the NHS' ability to recruit and retain staff.