GLOBAL - The focus of transition management activities has shifted from operations to risk management, thanks to the increasing role technology plays in the sector, according to BNY ConvergEx.
Kal Bassily, managing director and global head, BNY Global Transition Management, said: "The decision to implement a change in investment strategy is a very significant event for asset owners, both because of its long term impact on investment performance and the potential risk it can hold for the underlying asset owners."
A recently published report by TABB Group supported these conclusions. The report said the introduction of new trading technologies, including 'dark pools' and crossing systems, minimised risks associated with executing transitions. It added the 'agency-only' brokerage model was "at the cutting edge of trading technology".
The Pensions Regulator (TPR) and Labour MP Stephen Kinnock and will listen to the experiences of steelworkers when transferring their pensions away from the British Steel Pension Scheme (BSPS) next week in Port Talbot.
Just Group has acquired a 75% stake in the holding company of Corinthian Pension Consulting in a bid to strengthen its professional defined benefit (DB) advisory services.
The Pensions Regulator (TPR) has exercised its production order power under the Proceeds of Crime Act 2002 for the very first time as part of a fraud investigation.
The ITN Limited Pension Scheme has named Trafalgar House as its administrator for an initial term of five years.