AUSTRALIA - Australian investors are currently favouring cash and property, as managers begin to believe in the value of the home market, according to research from Russell.
The report also revealed a shift in valuation sentiment towards the Australian market, with the proportion of managers who viewed the market as overvalued dropping from 43% to 24%, and the proportion of managers who viewed the market as undervalued rising to a record 37%.
Apart from the growing preference for cash, the other big asset class shift was towards listed property trusts (LPTs).
The portion of managers bullish towards LPTs rose from 9% to 22% this quarter, while those bearish fell from 77% to 54%.
A buyout tool which provides schemes with up-to-date pricing and comparisons between insurers has been launched by JLT Employee Benefits.
The DB white paper sets out plans to review the funding regime, with 'prudent' and 'appropriate' possibly redefined. But James Phillips asks if this could this signal a return to an MFR-like approach?
The trustees of GKN's pension schemes have agreed a package of mitigation measures that would improve funding to a "more prudent level" if Melrose's offer is accepted by shareholders next week.
While the new powers are welcome, most respondents doubt it will make a difference to the outcomes for members, Pensions Buzz respondents say.