UK - State Street Global Advisors (SSgA) has been appointed by Reckitt Benckiser UK Pension Fund to manage a £50 million UK enhanced indexing equity mandate.
Kevin O’Berg, pensions manager at Reckitt Benckiser said: “We selected SSgA to manage this enhanced mandate for our pension fund because of their expertise and track record in this area. Effective risk control was a key factor in the decision.”
Kanesh Lakhani (pictured), head of European marketing and consultant relations at SSgA added: “We are delighted to welcome Reckitt Benckiser as a new client. Enhanced indexation has become a very popular investment strategy in recent years. The prospect of adding modest amounts of value under differing market conditions is finding favour with long-term investors. The delivery of higher information ratios by enhanced managers is highly valued as more attention is paid to the efficient use of risk budgets.”
A suite of liability driven investment (LDI) indices has been launched by STOXX and RiskFirst to aid trustees and consultants select, monitor and challenge managers.
British Airways and the trustees of one of its pension schemes are set to argue over the purpose of a pension scheme, leading to an impactful judgment for DB pensions. James Phillips explores the issue
Bank of England governor Mark Carney has said there is still a lot of data to consider before the Monetary Policy Committee (MPC) can decide when to next hike interest rates.
Savers are not squandering their tax-free lump sums under Freedom and Choice but are taking a more cautious approach to retirement, according to Prudential research.