GLOBAL - Commerzbank believes pension funds should increase their exposure to the insurance sector which, it says, is on the verge of a recovery.
The investment bank said insurers are under increasing pressure, for the moment, due to falling markets and fears about earnings. This, it argues, is creating buying opportunities for funds.
Commerzbank favours German and Italian insurers as it believes pension sales there will rocket due to the demographics and pension reforms there.
Life expectancy in the UK saw no improvement between 2015 and 2017 as the number of people aged over 90 hit a record high, latest Office for National Statistics (ONS) data reveals.
Self-administered pension funds spent £14bn on payments to pensioners in Q2 2018, but only received £11.4bn of contributions (net of refunds), latest Office for National Statistics (ONS) data reveals.
The Pensions and Lifetime Savings Association (PLSA) has named the 17 members of its inaugural policy board after a competitive application process with 60 candidates.