GLOBAL - Fund managers' global assets have remained stable despite falling markets, research from Watson Wyatt reveals.
Senior consultant and head of global investment manager services Susan Douse said fund managers that focused on diversity tended to be the ones that had done well in this year’s Watson Wyatt World 500 Ranking, which lists investment managers by size of assets under management.
She said: “Money managers that are achieving diversity in both the asset mix that they offer and their client type and location, are probably best positioned to succeed in the changing landscape.”
The biggest asset manager was UBS with nearly US$1.5trn (£935bn) in assets under management at the end of 2002 – followed by Allianz and Fidelity Investments with US$1trn and US$910bn respectively.
The only UK firm to make the top 10 was Barclays Global Investors with US$745bn (£474bn) in assets under management.
Richard Wohanka is to chair The Pension Superfund's trustee board, working alongside professional firm 2020 Trustees to safeguard members' benefits.
Four people behind a £13.7m cold-calling scam which cost 245 people their savings have been banned from being pension scheme trustees by The Pensions Regulator (TPR).
The Pensions Administration Standards Association (PASA) has launched its latest round of guidance for guaranteed minimum pensions (GMPs).