KOREA - Korea has taken its first major step towards establishing a funded corporate pensions system with the new Employee Retirement Security Act (ERSA), which will allow employers the option of setting up either a defined benefit or defined contribution plan.
The two options will be available as alternatives to the existing mandatory severance payment system. Currently, all employers (with five or more employees) must provide any employee leaving service witha...
Crisis causes change. We know this both as human beings and as experienced global investors. The 2008 global financial crisis (GFC) led to a reckoning in how businesses were run, especially in financial services. The GFC ultimately redefined fiduciary...
Henry Odogwu, Head of the asset owner group Europe at FTSE Russell discusses
Partner Insight: Russell Investments' David Rae and Paul Wharton discuss how fiduciary management has changed in response to a shifting market context and what we might expect to see going forward
Industry Voice: A fiduciary management approach gives trustees a richness of information you can't get with a standard adviser approach, especially in times of market uncertainty, explain Russell Investments' David Rae and Paul Wharton
Derivative-based overlay strategies have become more popular in the past year. Stephanie Baxter explores whether they will be widely adopted by pension funds