Investment consultants' recommendations are not driven by past performance, add no value to investors yet significantly impact inflows, academic research on the US market finds.
Research from the Saïd Business School, University of Oxford said investment consultants advised of £25trn of institutional assets globally and £13trn specifically in the US. The study: Picking Winners?...
The Pensions and Lifetime Savings Association (PLSA) has announced it will shrink its board by more than one-third as part of a governance overhaul to make it "agile and more appropriate".
Smaller FTSE 350 defined benefit (DB) schemes were nearly 15 percentage points less well-funded than larger schemes in 2017, according to a Goldman Sachs Asset Management (GSAM) analysis.
The advent of collective pension systems could help the UK avoid demographic challenges which will make it "impossible" for society to help savers in retirement, experts say.