GLOBAL - The telecommunications sector will offer strong investment returns following a period of consolidation and restructuring, predict fund managers.
Newton Investment Management fund manager Daniel Hemmant was optimistic because of the growth in the mobile phones sector.
But he added that Newton was still avoiding telecoms companies that were struggling with debt.
Schroder Investment Management manager of ISF European Equity Piers Hillier agreed that high debt levels among telecom firms worldwide must be monitored.
He said: “Competition is being reduced, oversupply is being taken out of the market and the survivors have been left in a stronger position to benefit.”
Telecom firms he identified as good examples were Telecom Italia and the Dutch firm KPN.
Guy Opperman has indicated his support for a fresh pensions commission as the government seeks to understand how to progress pensions policy in a wide range of areas.
Auto-enrolment (AE) minimum contribution rates could rise to 12% by 2030, with a 50/50 split between employer and employee, the Pensions and Lifetime Savings Association (PLSA) says.
ITM director Maurice Titley looks at the next steps schemes should take on GMP equalisation.
Schemes are too focused on outcomes when assessing governance, when this may be a result of circumstance not skill. James Phillips looks at whether governance needs more of a framework.