News

UK - The asset management industry "abdicated responsibility" towards schemes during the financial crisis of 2008 and needs to become more responsible towards clients, Hermes says.

GLOBAL - Institutional investors should look beyond BRIC countries and consider smaller emerging markets such as Chile, Peru and Hungary, State Street Global Advisors' (SSgA) believes.

The Finance Bill has aligned default pension input periods with the tax year so that it ends on 5 April looking ahead, Sackers says.

The asset management industry "abdicated responsibility" towards schemes during the financial crisis of 2008 and needs to become more responsible towards clients, Hermes says.

BT brings forward pension top-up; Tax changes around the corner

Fiduciary duties must be radically overhauled to move away from the "myth" trustees' sole duty is to maximise returns for scheme members, a report says.

Measures to accelerate the equalisation of the state pension age have been slammed after amendments to the Pensions Bill to ease their impact were defeated in the Lords.

Hermes Fund Mangers explains how the general move towards de-risking, the increased reliance on risk models and the increasing love of complex investment strategies may actually be some of the biggest risks facing schemes today.

The £1.7m Tayside Superannuation Fund has appointed Prudential as its second additional voluntary contribution provider after a review of current provision.

ECUADOR - Ecuador's public pension fund, the nation's biggest institutional investor, will limit purchases of government debt to about 30% of the $1bn set aside this year as rising oil prices trim the country's budget gap.