Stuning performance - and what else?: pension funds are becoming increasingly demanding. They want strong performance from a defined set of assets over long periods of time. An they want to know just how that performance has been achieved
Article Abstract:
Pension fund management remains an extremely competitive market as trustees and their advisers look for consistent high performance. Insititutions should ideally be in the top 25 of investment managers. Phillips & Drew Fund Management (PDFM) gained 29 clients in 1994 following consistently good results over five years. PDFM, Gartmore, Schroder Investment Management and Mercury Asset Management hold 35% of the management secregated, or bespoke, investment business. Pension fund trustees also require a consistent performance from a pre-set batch of assets.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1995
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Growing old gradually
Article Abstract:
Lifestyle pension schemes have been developed in the United Kingdom and involve a gradual move away from equities as customers near retirement. They offer a third option to the traditional with-profits and unit-linked schemes. Lifestyle schemes may not always make the move out of equities at the best time to take advantage of market conditions, and customers may lose out if a switch is made prior to a price rise for equities, or just after a stock price fall.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1997
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Back to bonds: pension fund managers' heavy reliance on equities has paid off in the past but more of them are now listening to the case for moving a greater proportion of assets into gilts
Article Abstract:
Equities have increasingly dominated pension fund portfolios but fund managers are now reviewing the merits of bonds due to the narrowing in the range of returns and a change in the iability profit of pension funds. The scope of outperformance by equities in the future is limited and a greater proportion of assets will move into gilts to better meed the needs of maturing pension funds.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1995
User Contributions:
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- Abstracts: Remarks on anti-abuse rules. The limits of literalism: the effect of substance over form, clear reflection and business purpose considerations on the proper interpretation of Subchapter K
- Abstracts: World of Leather: not sitting pretty. A new age dawns for energy markets: the opening up of the energy markets to alternative providers will bring benefits for users but means a period of upheaval as the battle for domestic market share gets underway
- Abstracts: Brokers cut the costs of unit trusts. Investment trusts: investment trusts are better than unit trusts - that's the conventional wisdom. Better performance and lower charges are two features normaly referred to but is this always the case?