Trustees of smaller defined benefit schemes are spending too much time debating manager selection and not enough time considering asset allocation, consultants say.
Bluefin director Eamonn O'Connor said trustee boards typically devoted about 90% of the time they spent discussing investment debating fund managers - a decision which only had a 10% effect on asset performance....
Partner Insight: Members' evolving needs and expectations are driving changes in scheme administration. As the pensions landscape inevitably continues to change, how will your scheme's approach need to develop to keep pace?
The Pensions Regulator (TPR) is "working closely" with government contractor Interserve and the trustees of its defined benefit (DB) pension schemes, it has confirmed.
The industry has welcomed the Department for Work and Pensions' (DWP) consultation on defined benefit (DB) consolidation as a way to address scheme covenant issues.
BMO Global Asset Management has opened a UK fiduciary management business, promising a "truly open architecture" approach to deliver "better client outcomes".