Scheme bond allocations will hit 70% within five years as investors seek a "safe path" away from equity volatility to more stable assets, JLT Pension Capital Strategies predicts.
The consultant said continued equity market volatility and increased regulatory pressures will cement the current flight from equities into bonds and lead to overweight fixed income holdings for a majority...
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".