UK - Property will continue to outperform other main asset classes despite fears of a crash in the residential market, UBS Global Asset Management claims.
It said reports of an imminent slowdown in property together with a weak economy had fuelled market crash concerns.
But UBS said property had outperformed bonds and equities over the past 10 years – and there was no reason to believe this was set to change.
UBS managing director and head of UK real estate Cliff Hawkins said property remained the highest-yielding mainstream investment excluding alternatives and hedge funds.
Hawkins said he did not foresee any downturn but admitted areas were under strain through oversupply and falling rents.
The Pensions Regulator (TPR) has granted 11 master trusts extensions to apply for authorisation, as it confirms it has received 22 applications ahead of the 31 March deadline.
Aegon Master Trust, Fidelity Master Trust and Ensign have sent off their authorisation applications to The Pensions Regulator (TPR).
Self-administered pension funds spent £15bn on payments to pensioners in Q4 2018, but received just £12bn in contributions (net of refunds), Office for National Statistics (ONS) data reveals.
Aberdeen Standard Investments (ASI) and Gresham House are to team up to form a joint venture.