UK pension fund managers are maximising on their relative rather than their absolute performance in order to meet their fee structures, according to a study by the University of London's Pensions Institute.
The study questions the effect of incentives and fee structures on the cross-sectional distribution of investment performance for a large sample of UK occupational pension funds form 1986-1994. The...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date