UK - State Street Global Advisors is warning schemes not to expect double-digit returns from bond portfolios this year.
SSgA managing director, global fixed income, Vic Thompson said it would be “highly unlikely” for bonds to replicate last year’s performance figures and that low, single-digit returns would be far more likely.
The firm cited political instability in the Middle East and North Korea, and the fear that the US Federal Reserve will not be able to produce any further rate cuts to sustain the economy.
The proposed cold-calling ban may be ineffective if a collaborative regulatory approach between the UK and the European Union (EU) is not maintained post-Brexit, the Pensions Management Institute (PMI) has warned.
Some 56% of defined contribution (DC) asset managers do not believe they will have transaction cost information in time for pension funds' March year-end statements, according to Lane Clark & Peacock (LCP) research.
NEST has appointed Clive Elphick, Martin Turner, Mutaz Qubbaj and Chris Hitchen as trustee members of its reshaped board.
Most people want to avoid investing in projects that contribute to climate change, and would consider moving to another less-exposed provider, according to a survey commissioned by ClientEarth.