UK - The economic climate could not be better for schemes to move into private equity, delegates at Mercer's Global Investment Forum heard.
JPMorgan Fleming Asset Management portfolio manager Thomas McComb said the conditions for growth in the asset class were improving and institutional investor interest was on the increase.
McComb said that pick-up in both investment pace and exit activity showed that signs were good for a return to private equity after funds shied away following the attacks on the World Trade Centre.
He said: “There are now more firms raising funds but looking for less capital than there has been for years. Strong investor interest has shown that private equity is back on many investors lists and the economic climate couldn’t be better for a move back towards it.”
Canada Life has signed a £351m bulk annuity contract insuring the pensioner liabilities of 2,510 members and dependents in the AA UK Pension Scheme.
In this week's Pensions Buzz, we want to know if you believe there is ever a case for combining retirement savings products with other savings products, and if the PPF levy for sponsorless schemes is appropriate for DB consolidators.
The Insolvency Service has disqualified four directors of trustee firms from running companies for a total of 34 years following an investigation.