US - Individual stockpicking is the only way for pension schemes to get value out of US equity markets, Merrill Lynch Investment Managers claims.
The fund manager said it was “much better” for investors to use an active manager which could pick individual stocks given the low growth environment and the difficulty in predicting how sectors will perform.
MLIM added that while there was excess capacity in several industries, there were good prospects for growth and head of US equity team Richard Boom added that US bonds were also looking good.
He said: “Investors should not forget that US interest rates are at a 40-year low, and that bonds over the past three years have generated their best returns for 60 years.”
Royal London has announced that group chief executive Phil Loney has decided to stand down by the end of 2019.
Crashing out of the European Union without a deal could cause a 37% increase in the aggregate buyout deficit for defined benefit (DB) schemes, says Cardano.
Brunel Pension Partnership has launched its authorised contractual scheme (ACS) and first sub-fund managing around £1.6bn of UK equities.
NEST's director of business development Helen Dowsey speaks to James Phillips about communications, sidecar savings, and retirement products.