RUSSIA - Political volatility in Russia will not hinder the long-term investment potential of the country, researchers say.
President Vladimir Putin’s decision to arrest, at gunpoint, and jail the head of a Russian oil giant prompted a fall in stocks.
But global equity analysts are confident the country still offers a secure and fruitful haven for investors in the long-term.
F&C emerging markets fund manager Jasper Crone said: “Investors shouldn’t let this spook them. The mood has definitely been choppy and the market took a wobble, but the long-term story is in tact.”
He added: “Putin has been good for foreign investment and he has promised a range of reforms once elections are over.”
Yukos chief executive officer Mikhail Khodorkovsky was jailed on fraud and tax evasion charges. But analysts believe Khodorkovsky is being punished for his anti-Kremlin stance.
Ashmore Investment Management head of research Jerome Booth said: “This is just a bit of local political disruption and anyone who thinks it will have a long-term effect on investment is mistaken.
“Putin has taken several steps to secure Western investment including applying for World Trade Organisation membership, introducing a flat income tax and banking reforms.”
Kim Gubler says it is time that schemes and administrators reassess SLAs and look at what real people need from their pension schemes and when
The Pensions Regulator (TPR) is focusing on reducing the number of "poorly-run" schemes as it seeks to improve standards across the board.
Prudential Retirement has completed around $2.6bn (£2bn) of reinsurance contracts for UK pension scheme longevity risk since the start of the year, it has disclosed.
Funding standards for DB schemes have increased exponentially over the past decades. Con Keating says such significant overstatement of liabilities will lead to pushback through the courts.