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.
State Street Global Advisors (SSGA) has been selected as the first index manager for the Asset Management Exchange's (AMX) passive funds.
Some 38% of pension schemes say high management fees are an obstacle to investing in hedge funds, research from the Asset Management Exchange (AMX) has found.
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.
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 investment platform market is undergoing an upheaval with Willis Towers Watson entering the marketplace. Stephanie Baxter expects an industry-wide shake-up that could lead to more innovative solutions for DB schemes.
Willis Towers Watson (WTW) has launched a global marketplace in a bid to make the investment management industry more efficient and substantially cut scheme costs.