UK - A renewed focus on pension scheme asset allocation will lead to more scheme-specific benchmarks and traditional investment solutions, UBS Global Asset Management says.
A survey showed 90% of its client viewed asset allocation as “very important” or “critical”.
Its report – Pension Fund Indicators 2003 – said: “Employers, employees and pensioners will have conflicting preferences for benchmarks and funding strategies depending on their appetite for risk.”
Most respondents in this week's Pensions Buzz do not think businesses should be able suspend AE contributions if in financial distress.
Former BHS owner Dominic Chappell has lost the appeal against his section 72 conviction and sentence for failing to hand over information to The Pensions Regulator (TPR).
This week's top stories include Marsh and McLennan Companies agreeing to buy JLT, and the home secretary calling for AE to be scrapped in a no-deal Brexit scenario.
Lesley Titcomb says the watchdog wants closer interactions with pension funds to spot problems sooner and act before having to use its more stringent powers