UK - Defined benefit schemes will continue to account for the majority of occupational pensions assets for at least a decade, UBS Global Asset Management predicts.
A UBS report – Pension Fund Indicators 2002 – also points towards an increasing asset weighting in bonds, falling transaction costs and increasing use of specialist management in the UK pensions market.
UBS Global Asset Management head of UK equities and PFI editor Andrew Maclaren said: “I am optimistic about recent changes in pension fund structure such as the switch to defined contribution.
“I see them as part of the continuing evolution of the UK pensions industry, which has a history of successful adaptation to new challenges.”
The directors of collapsed construction giant Carillion were "contemptuous" of funding their defined benefit (DB) pension schemes, and "refused to give an inch", Frank Field has alleged.
The PPF 7800 deficit was slashed in half last month as gilt yields rose. Victoria Ticha asks if this is the start of a longer trend
Frank Field is to warn Sir Philip Green not to sell his Arcadia business without ensuring defined benefit (DB) pensions are adequately protected, PP can confirm.
Some 79% of people would like to see stricter rules and checks to ensure pension pots are secure, according to a survey by the Pensions and Lifetime Savings Association (PLSA).