Investors should be wary of crowded credit trades that are too limited in their focus, Hermes Investment Management has warned.
Hermes credit co-head and senior portfolio manager Fraser Lundie said it is important to have a broad and flexible mandate to capture the growing set of opportunities outside the UK and to avoid losses....
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.