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.
Disasters happen, but the consequences can be huge. Pádraig Floyd looks at what trustees and employers can do to ensure the master trust they have selected can withstand a crisis
The Pension Protection Fund (PPF) has named Stephen Wilcox as chief risk officer, replacing Hans den Boer who leaves the lifeboat fund after just over three years in the role.
UK consumer price inflation fell 0.1 percentage points in April to 2.4%, a fresh one-year low and missing economists' expectations of inflation remaining at 2.5%.
Speculation about rate rises has caused some schemes to delay any further liability hedging. Rosalind Mann looks at why this may be the wrong move.