INCLUDING: UK - Buck Consultants appoints new Actuary; UK - Fortis Investment announces nine new hires; ASIA - Investment opportunities in under-valued Korean firms
UK – Buck Consultants appoints new Actuary
Buck Consultants have announced the appointment of David Broadbent as senior consulting actuary. He will be based primarily at the company’s Ipswich office.
David is a fellow of the institute of actuaries and has over 20 years experience within the pension industry, including knowledge of managing pension funds and the strategic decisions faced by trustees and employers.
UK – Fortis Investment announces nine new hires
Fortis Investments has announced nine new hires, including four new portfolio managers for bond, equity and real estate fund of funds and to support the move into institutional mandate management.
Fortis has also appointed five new analysts for its research team and is actively seeking a head of quantitative management.
ASIA – Investment opportunities in under-valued Korean firms
Current market volatility has contributed to a massive sell-off of foreign owned Korean stocks, leaving the Korean market under-valued and open to speculation, warned Atlantis Investment management.
Over US$9.7bn of foreign held equities were sold in August alone, contributing an 18% fall on KOSPI, the Korean share index over a three week period. In spite of this, the Korean economy remains buoyant, with a 15% increase in exports compared to last year.
Potential changes to accounting standards and increased pressure on companies to accelerate contributions could worsen FTSE 100 scheme funding by up to £100bn, according to Lane Clark and Peacock (LCP).
Smart Pension has taken on over 20,000 active members from the £20m Corpad Master Trust, following a strategic review by the ceding firm's trustees.
The Universities Superannuation Scheme (USS) allegedly obstructed a whistleblower as she tried to discover the true value of the deficit in its defined benefit (DB) section, according to reports.
The Cost Transparency Initiative (CTI) has launched a number of templates and guidance to help pension schemes deliver greater value for savers with enhanced disclosure of transaction cost information.