The bulk annuity market will grow significantly over the next five years in spite of higher costs due to low interest rates and Solvency II capital requirements, according to Fitch Ratings.
Rising longevity poses a much greater threat to companies with defined benefit (DB) pension schemes than low interest rates, Fitch Ratings has warned.
Taha Lokhandwala looks at Fitch Ratings research showing a growing trend of differing results between independent and subsidiary asset managers
There is a low positive correlation between the average performance of European asset managers and net inflows into their funds, research from Fitch shows.
Hannah Brenton examines the forces at work on European high-yield.
Absolute return funds aim to offer investors a positive return under all economic conditions. Helen Morrissey looks at issues the schemes need to be aware of before they invest in these products
US - The California Public Employees' Retirement System (CalPERS) has dismissed its lawsuit against Fitch Ratings but will maintain its action against fellow ratings agencies Moody's and Standard & Poor's.
EUROPE - Scepticism some European allocators feel about the ability of ‘absolute return' funds to achieve their aims has been vindicated so far this month as almost eight in every 10 European funds in the sector lost money in the volatile first three...
US - Fitch Ratings has downgraded New Jersey's debt rating in large part because of its swelling pension funding needs.
US - Fitch Ratings has rated the credit enhancement programmes (CEP) offered by California Public Employees' Retirement System (CalPERS) and the California State Teachers' Retirement System (CalSTRS) "AAA" and "AA+", respectively.
Andrew Short asks if absolute return funds are failing to fulfil their remit and whether they still have a role to play in today's fund portfolios
EUROPE - European investors' enthusiasm for high-yield assets declined in the second quarter of this year, though they remain favourites, according to Fitch's latest European senior fixed income investor survey.
A new IMF paper triggered by some European countries' response to pension policy calls for new fiscal indicators that give more weight to the long-term cost of pensions. Raquel Pichardo-Allison reports
IRELAND - Moody's has slashed Ireland's sovereign debt rating by two notches, to BAA3 from BAA1, on its weak economic growth prospects.
GLOBAL - European asset managers are expecting further slow downs in fixed income inflows, but are becoming more optimistic about Asian and European equities, reports show.
EUROPE - European asset managers need to cultivate investor interest in actively managed investment products and strengthen the resilience of their business models to improve post-crisis performance, a rating agency says.
European asset managers need to cultivate investor interest in actively managed investment products and strengthen the resilience of their business models to improve post-crisis performance, a rating agency says.
US - The credit ratings agency Fitch has warned that the potential for steep pension funding increases over the next two to three years could be crippling for US sponsors with underfunded plans.
EUROPE - European investors show increasing concern on euro-denominated government debt due to recent market events and the pressure on the single currency, a survey by Fitch Ratings found.
US - Standard & Poor's, Moody's Investors Service and Fitch Ratings must face the California Public Employees Retirement System's lawsuit claiming their faulty risk assessments on structured investment vehicles caused US$1bn in losses.
US - Fitch Ratings has downgraded Illinois general obligation (GO) taxable bonds to A- from A over concerns about the state's unfunded pension liabilities and fiscal gap.
GLOBAL - Private equity and real estate fundraising last year reached the lowest level since 2004, a survey by Preqin has revealed.
US - Five Ohio pension funds have filed a lawsuit against the three ratings agencies for allegedly providing strong ratings to mortgage backed securities in exchange for kickbacks from the issuing firms.