GLOBAL - An unequivocal majority of pension funds have refuted the claim "equities are dead" in the most recent Global Pensions 100 Panel.
One panel member stated: "Equities remain a growth asset and for the longer term must form part of any portfolio."
Not one respondent agreed fully with the statement, however, 11% of panel members said they would agree in part.
"Equities will always be a part of investing," commented one pension fund manager. "However, they will probably not be managed in a traditional way, ie stock picking, [but] more in an exposure to beta type of investment through swaps, derivatives, ETFs, [and] index funds."
The secretary of state for work and pensions has told MPs clawback and avoidance measures could be imposed for the people responsible for driving Carillion over the cliff.
Occupational pension provision has continued to grow in value, but there remains large variance in incomes across the pensioner age group, according to latest government data.
Defined benefit (DB) schemes could have an aggregate surplus by 2021 under Pension Protection Fund (PPF) projections, its strategic plan for 2018 to 2021 reveals.
Investment consultants are failing to recommend products that outperform net of fees, the Competition and Markets Authority (CMA) has said as its investigation into the market continues.