UK pension scheme members are looking for long term returns as opposed to short term performance indicators, according to a report by KPMG and the Centre for Tomorrow's Company (CTC).
The report, titled ‘Twenty-first Century Investment, an agenda for change’ is issued in response to the Myners Review and urges immediate action from the investment industry to prevent a ‘patchwork’ of government and regulator intervention.
It involves interaction with more than 100 industry players, including fund managers, investment consultants, pension trustees, investment researchers and company CEOs.
The report explains that any pension trustees and individual consumers would be more comfortable with an investment process that offered them different routes to long term success, each with different impacts in terms of the leadership and behaviour of the companies invested in. It also draws attention to the dangerous behaviour conformity created by current benchmarks and the lack of diversity and style of investment funds.
By Janet Du Chenne
Proposed changes to The Pensions Regulator's (TPR) notifiable events framework so it can be more proactive when corporates make changes will create a very challenging workload, it has been said.
Aviva has created a new pension skill for Amazon Alexa that allows customers to find out how much they have saved towards their retirement.
PP has compiled a list of what to watch out for over the coming months.
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.