The tendency of pension fund managers to "herd like lemmings" is threatening the stability of financial markets, according to the Pensions Institute (PI) at Cass Business School
Pension funds of a similar size and sector "herd" in and out of asset classes at the same time, causing assets to depart from their fundamental values, the study said. In The market for lemmings: Is...
This week's edition of Professional Pensions is out now
Collective defined contribution (CDC) schemes will need clear and transparent governance frameworks, as well as effective communication strategies, to be a success, the Work and Pensions Committee (WPC) has been told.
The aviation sector's constant evaluation of mistakes to improve safety should be applied to defined benefit schemes, as too many are making the same mistakes again and again, latest research shows.
A month of strikes are due to hit 64 universities from tomorrow over major reforms to the Universities Superannuation Scheme (USS).