UK - Investors should consider adopting an absolute return approach in a bid to avoid market volatility, Schroder Private Bank claims.
While many absolute return strategies involve the use of hedge funds, Schroders said it was offering its clients long-only absolute return products that do not short-sell or use leverage.
Instead its fund managers can maintain high cash weightings and will limit losses on any individual stocks that they hold.
The Pensions and Lifetime Savings Association (PLSA) has announced it will shrink its board by more than one-third as part of a governance overhaul to make it "agile and more appropriate".
Smaller FTSE 350 defined benefit (DB) schemes were nearly 15 percentage points less well-funded than larger schemes in 2017, according to a Goldman Sachs Asset Management (GSAM) analysis.
The advent of collective pension systems could help the UK avoid demographic challenges which will make it "impossible" for society to help savers in retirement, experts say.