UK - The WM Company, a performance measurement organisation, has welcomed the decision of Mercer to have its manager recommendation figures verified by an independent third party.
Peter Warrington, executive director, said: “Consultants are playing a critical role in the selection of pension fund managers and it is important that their recommendations are subjected to independent measurement.
“However, it is disappointing that there seems to be a continuing resistance in the consultant community to the concept of measurement. We hope that this will change, allowing the whole process to become more transparent.”
WM’s consultant monitoring service measures the actual performance of managers who are on consultants’ buy list, for any given mandate/benchmark. The difference between the managers’ returns and the benchmark returns give the value of the consultants’ manager selection recommendations.
PTL has appointed Karein Davie as a client director in its Birmingham office.
The level of interest rate hedging increased to £29.5bn of liabilities in the second quarter as pension funds continued to de-risk, according to BMO Global Asset Management's research.
UK inflation has risen for the first time since November to 2.5% in July, up from 2.4% in June, thanks to rising fuel costs and the price of computer games.
The number of DB pension scheme trustees targeting a buyout with an insurer has increased significantly in the past five years, latest research from Willis Towers Watson shows.