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
Here are key takeaways from our 2019 Asset Allocation Outlook on how we are positioning asset allocation portfolios in light of our outlook for the global economy and markets.
This week's top stories included a Freedom of Information request revealing more than 100,000 savers could face six-figure tax bills as a result of GMP equalisation.
The Pearson Pension Plan has entered into a £500m pensioner buy-in with Legal & General (L&G) in the insurer's first deal of 2019.