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.”
PTL has appointed Karein Davie as a client director in its Birmingham office.
The level of interest rate hedging increased to £29.5bn of liabilities in the second quarter as pension funds continued to de-risk, according to BMO Global Asset Management's research.
UK inflation has risen for the first time since November to 2.5% in July, up from 2.4% in June, thanks to rising fuel costs and the price of computer games.
The number of DB pension scheme trustees targeting a buyout with an insurer has increased significantly in the past five years, latest research from Willis Towers Watson shows.