Pension funds must move beyond traditional metrics used to select asset managers and allocation strategies to incorporate implicit costs when transitioning managers, BNY Mellon Asset Management says.
Using the usual checklist to measure the financial success of moving managers known as the "implementation shortfall" should include hidden costs such as the market impact of trades and price movement...
The Money and Pensions Service (Maps) has named 12 sector leaders as challenge group chairs to spearhead its newly launched strategy for financial wellbeing.
Regulatory approval has been granted to Redington for private equity backing from Phoenix Equity Partners.
The Pensions Regulator (TPR) and Pension Protection Fund (PPF) will deliver keynote addresses at Professional Pensions’ Risk and Scheme Funding Forum next week.
The launch of two accreditation regimes for professional trustees into the industry at the same time is both unnecessary and confusing, says Dalriada Trustees.