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.
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.