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".
Industry experts are calling on the government to act quickly on new pensions dashboard legislation. The DWP is looking at how to do it amid Brexit constraints, writes Kim Kaveh.
An interactive and hands-free technology that allows savers to track how much they have invested into their retirement pots has been launched by Smart Pension.
The Lighthouse Pensions Trust has recorded an 84% surge in the number of employers signed up to its auto-enrolment (AE) provision.
Melrose Industries's UK defined benefit (DB) schemes had a £5.5m combined deficit at the end of 2016, its annual results have revealed.