The pensions industry has, Francis Fernandes says, an 'unhealthy obsession with modelling' and should spend more time on contingency planning.
The pensions industry often has an unhealthy obsession with modelling. Whether to project future asset returns, or a corporate sponsor's financial health, the go-to response to many scenarios is to build...
'Not appropriate to comment'
Proposals for mandatory tendering of fiduciary management services, as well as additional guidance for trustees, have been welcomed by industry commentators albeit with some caution.
Sterling has fallen on the back of inflation figures released this morning, which show the UK Consumer Price Index (CPI) remained steady at 2.4% in June.
John Wotton says the competition watchdog's package of proposals will help trustees get the best deal and be satisfied they are acting in their members' best interests