UK defined benefit (DB) schemes lose up to £250m a year due to less tax-efficient funds, according to research by the Asset Management Exchange (AMX) and Northern Trust.
AXA Investment Managers (AXA IM) has partnered with the Asset Management Exchange (AMX) platform, adding an initial long-term credit fund with more than $1bn (£806m) of assets in the fund.
State Street Global Advisors (SSGA) has been selected as the first index manager for the Asset Management Exchange's (AMX) passive funds.
Pension scheme investment decision-makers are most worried about a lack of cost efficiencies and transparency in the asset management industry, according to latest research.
Oliver Jaegemann says the pension industry's investment in technology and innovation have fallen off a cliff
Asset Management Exchange (AMX) has added tax transparent global equity vehicles to its range of investment funds to cut scheme costs and increase transparency across the industry.