Investors should move out of BRIC equities and concentrate on the US and non-BRIC emerging markets, warned Neptune Investment Management investment director Chris Taylor.
Even small schemes should consider hedging longevity risk, Aon Hewitt believes. Managing principal and head of risk settlement Bird warned trustees against being put off by the "perception of price".
Pension funds investing in hedge funds should target emerging managers and distressed markets, according Neuberger Berman Alternative Investment Management.
Onerous pension accounting and regulatory standards could be driving funds to take a shorter-term view on investments, undercutting responsible ownership, delegates heard.
Schemes are underestimating the risks they are exposed to by up to 20% by basing their assumptions on "normality" and limiting their definition of risk, J.P. Morgan Asset Management says.
Trustees should pay greater attention to behavioural biases to make better group decisions, delegates heard.
The government's decision to revalue pensions by Consumer Prices Index inflation has led to a "scheme rules lottery" for private sector schemes, a lawyer warns.
Pension schemes should outsource investment implementation to third-party firms to stop trustees focusing too heavily on manager "beauty parades", a trustee says.
Jonathan Stapleton talks allotments and allocations