Morgan Stanley brings planning tool to UK clients
Morgan Stanley is touting a corporate wealth management tool to UK businesses, in a bid to join the burgeoning corporate wrap market. The investment bank currently has a number of company clients in the US, using its LifeView tool, but has hired its former marketing manager Richard Foster to sell it to British businesses.
|
LDI product not short of ambition
Ignis is launching a liability-driven investment (LDI) strategy shorting gilts, to give schemes returns above their pension commitments.
|
|
Chin: we must embrace volatility |
Opinions clash over success of diversification
Dynamic asset allocation has been questioned as the key to negating risk management in the current climate of high volatility, due to high management costs and fees.
|
Clients get Closer to Qrops
Close now offers access to its qualifying recognised overseas pension schemes (Qrops) proposition at reduced costs, with an establishment charge of £750 and an annual administration fee of £1,000.
|
|
Barlow: clients unaware of annuity options open to them |
HNWs show little appetite for sophisticated annuities
High net worth individuals (HNWs) are eschewing sophisticated annuity options, according to research released exclusively to Pensions Management. A report conducted by Sun Life Financial of Canada, Sense Check at 60, examined the retirement plan choices of 324 of HNWs who earn more than £500,000. With the wealth of financial advice available to HNWs, it might be expected they would favour more sophisticated products, such as flexible annuities.
|
Sipps help to fill bank lending gap
Self-invested personal pension (Sipp) investors will continue to act as lenders for at least the next five years, according to a pioneering financial adviser.
|
SL’s legal Sipp fee criticised
Standard Life will allow self-invested personal pension (Sipp) customers to appoint their own solicitor for commercial property investments, but will charge at least £640 for the privilege.
|
Standard Life's new Sipp charges criticised
Standard Life will allow self invested personal pension (Sipp) customers to appoint their own solicitor for commercial property investments, but will charge at least £640 for the privilege.
|
Calls for ‘collective responsibility’ ethos
A capital market solution for derisking longevity is possible, if only participants would accept existing mortality indices as benchmarks, according to Swiss Re.
|
|
Chilman: trustee litigation could regress management by 20 years |
DC funds will take it slow
Scheme professionals have urged caution over using active and multi-asset investment strategies within defined contribution (DC) plans.
|
Schemes say active management is unsuited to pensions investment
A third of trustees, managers and sponsors believe active management is “not suitable” for pension funds, a survey has revealed.
|
|
Oil sands: mined in Canada |
Oil sands row tars industry
Oil sands extraction, the controversial mining practice employed in Canada by BP and others, will remain high on the corporate governance agenda for the foreseeable future.
|
Further suspects announced
Three more suspects could face prosecution as part of the GP Noble fraud investigation, a preliminary hearing for the two accused trustees has heard.
|
Myners says active fees ‘don’t add value’
Schemes should put the bulk of the £4bn they spend on active management fees towards more forceful corporate governance, according to Lord Myners.
|
|
Males: focusing on emerging markets and the environment |
Engagement not exclusion governs most investment decision-making
Ethical funds that seek to constructively engage with firms are quickly replacing funds that exclude certain stocks, according to an environmental, social and governance (ESG) specialist.
|
Mutual funds a bad deal for investors
Credit Suisse’s former UK fund unit head has revealed he set up a specialist passive investment boutique because mutual funds do not provide a good deal for investors.
|
Taking stock of collateral
Collateral is set to be a major issue for schemes hedging their liabilities over the coming year, advisers and fund managers have warned.
|
|
Webb: feels more compelled to actively engage through his bank |
Schemes failing to encourage activism
Liberal Democrat spokesman for work and pensions Steve Webb has criticised pension schemes for not seeking to engage their members in shareholder activism.
|
|
Exley: climate change will have a serious impact on investors |
Emissions data should be made available to investors
Companies listed on the stock exchange should be required to disclose information regarding greenhouse gas emissions, according to a survey of fund managers.
|
DC should focus on the funds
Most defined contribution (DC) investors would benefit from using passive funds over active vehicles, research from Watson Wyatt has concluded.
|
Default funds go under the spotlight
Default funds in defined contribution (DC) schemes are increasingly under greater scrutiny, according to new research.
|
|
Little: expanding Insight’s reach |
BNY Mellon deal takes Insight’s LDI to US clients
BNY Mellon has proposed rolling out Insight Investment’s liability-driven investment (LDI) business across the American bank’s portfolio of clients following the £235m takeover deal.
|
BT tops responsible poll
The BT Pension Scheme’s responsible investment policies have won top spot in a ranking of funds with sponsors that are strong in corporate responsibility.
|
|
Moody: longevity swaps are too opaque for LDI strategies |
LDI to protect against longevity
Longevity hedging could be the next development in liability-driven investment (LDI) strategies as schemes demand more than just inflationary and interest rate protection.
|
LPFA to hedge out longevity
The London Pension Fund Authority (LPFA) is considering a shift from interest and inflation-linked swaps to longevity hedging for its £1.1bn pensioner fund.
|
Prepare for workplace wrap revolution
The corporate benefit landscape will experience rapid change as workplace wrap platforms are implemented, according to the participants of a Pensions Management roundtable (see p32).
|
|
Taylor: cost-saving option |
Scottish Widows provides schemes with innovative bulk calculation tool
Scottish Widows has boosted its corporate pensions proposition with the addition of a salary exchange tool and a self-investment option.
|