Improving companies through corporate governance will remain "a fantasy" until pension trustees better align their managers' incentives, said Mark Fawcett, chief investment officer at the UK's National Employment Savings Trust.
UK - The National Employment Savings Trust has appointed State Street Global Advisors, UBS Global Asset Management and BlackRock to run five mandates for its default fund.
The National Employment Savings Trust has appointed State Street Global Advisors, UBS Global Asset Management and BlackRock to run five mandates for its default fund.
The industry has largely welcomed The Pensions Regulator's discussion paper on delivering good outcomes for defined contribution savers, but stressed that good governance must be a main focus rather than just a consideration.
Jonathan Stapleton asks if the Workplace Retirement Income Commission will achieve its aims
UK/DENMARK - Former Conservative pensions spokesman Nigel Waterson has joined Danish pension fund ATP to help it launch an alternative to the National Employment Savings Trust.
PwC has expanded its pension consultancy team with two partner appointments and a senior level hire from The Pensions Regulator.
NEST has confirmed it will offer investors access to a global equity Sharia-compliant fund, it confirmed today.
The Pensions Advisory Service has seen demand for its advice surge from workers who will be affected by auto-enrolment, its chairman says.