ACTIVE fixed income managers failed to beat their outperformance targets over the past three years, new research reveals.
A major survey by Mellon Analytical Solutions found that while 69pc beat their benchmarks not a single bond manager, on average, managed to hit target over the three-year period ending December 31, 2006....
The Co-operative Group's Somerfield Pension Scheme has completed a buy-in with Pension Insurance Corporation (PIC), insuring the benefits of its pensioner members.
Caroline Rookes CBE and Michele Hirons-Wood have joined The Pension Superfund's board of trustees to focus on maintaining governance standards and safeguarding member benefits.
The first specialist independent firm advising pension schemes on bulk annuities or moving to a consolidator has been set up with ambitions to shake up the market.