UK - Pension investment policy is being driven by a desperate attempt to avoid risk, exacerbating a funding problem which has been blown-up by well-meaning but flawed regulation and advice, a conference was told.
Alastair Ross Goobey, chairman of the Hermes Focus Funds, told delegates at a recent LDI conference held by F&C that pension fund trustees were being driven to buy the wrong assets at the wrong pri...
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