A typical defined benefit (DB) pension fund could cut costs by around a third per year by centralising and standardising their investment, administration and trading functions, according to the Asset Management Exchange (AMX).
The platform set up by Willis Towers Watson six months ago to reduce cost and resource duplication for schemes, looked at a hypothetical £250m scheme with an actively-managed portfolio based on 55% allocation...
The secretary of state for work and pensions has told MPs clawback and avoidance measures could be imposed for the people responsible for driving Carillion over the cliff.
Occupational pension provision has continued to grow in value, but there remains large variance in incomes across the pensioner age group, according to latest government data.
Defined benefit (DB) schemes could have an aggregate surplus by 2021 under Pension Protection Fund (PPF) projections, its strategic plan for 2018 to 2021 reveals.
Investment consultants are failing to recommend products that outperform net of fees, the Competition and Markets Authority (CMA) has said as its investigation into the market continues.