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.”
An innovative funding structure has been agreed for Croydon Pension Fund. However, there are some concerns about the arrangement. Stephanie Baxter reports
Some 52% of red flags raised by schemes on suspected scam pension transfers involve advisers or unregulated introducers, a report by the Pension Scams Industry Group (PSIG) has claimed.
The Norfolk Pension Fund has been successful as the lead plaintiff in a class action case that went to jury trial in California involving securities fraud.