All Towers Watson articles – Page 8
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NewsTfL tunnels further into alternative credit
Transport for London pension scheme has moved further into alternative credit investments including mezzanine debt, as it seeks to diversify its fixed income portfolio.
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News
DB schemes face crunch on index-linked corporate debt
A tightening in the supply of index-linked US corporate bonds may lead to UK pension schemes facing increased difficulty when derisking their portfolios, industry experts have said.
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Opinion
How can smart beta best be used in the new DC default space?
KPMG's Simeon Willis, Towers Watson's Stephen Miles, State Street Global Advisors' Richard J Hannam, Cambridge Associates' Alex Koriath and Indexx Markets' Ronan Kearney, debate the popularity of smart beta among UK institutional investors in the third of a four-part roundtable.
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Opinion
What is a suitable time period for assessing a strategy’s success?
KPMG's Simeon Willis, Towers Watson's Stephen Miles, State Street Global Advisors' Richard J Hannam, Cambridge Associates' Alex Koriath and Indexx Markets' Ronan Kearney, debate the popularity of smart beta among UK institutional investors in the last of a four-part roundtable.
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Opinion
How are approaches to combining smart beta strategies changing?
KPMG's Simeon Willis, Towers Watson's Stephen Miles, State Street Global Advisors' Richard J Hannam, Cambridge Associates' Alex Koriath and Indexx Markets' Ronan Kearney, debate the popularity of smart beta among UK institutional investors in the second of a four-part roundtable.
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News
Retirement adequacy slips down DC agendas
DC consultants have called for a refocus on retirement adequacy as new figures show two-thirds of employers prioritise compliance requirements over traditional benefit drivers.
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Opinion
Global equities survey – part two
All good things must come to an end and there is growing concern among global fund managers that the recent run of good fortune from equity markets is starting to wane.
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Opinion
How is UK pension schemes’ appetite for smart beta changing?
KPMG's Simeon Willis, Towers Watson's Stephen Miles, State Street Global Advisors' Richard J Hannam, Cambridge Associates' Alex Koriath and Indexx Markets' Ronan Kearney, debate the popularity of smart beta among UK institutional investors in the first of a four-part roundtable.
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News
NAPF call for pension commission wins support, practical barriers remain
Industry experts have backed the National Association of Pension Funds’ call for a long-term plan to protect savers’ interests, but question the viability of extricating pensions from politics.
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News
Just months left to tackle contracting-out costs, consultants say
Consultants have urged defined benefit scheme trustees and sponsors to take action as the one-year countdown to the end of contracting-out approaches.
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News
Lifetime allowance cut a blow for DC savers
Budget 2015: The reduction of the lifetime allowance to £1m will hit defined contribution savers hardest say experts, who anticipate a rise in members exiting pension saving.
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NewsHow the 2015 Budget affects your scheme
Chancellor George Osborne’s ‘cost-neutral’ Budget announcement today still managed to herald further changes to the pensions landscape, including plans for a secondary annuities market and a hefty 20 per cent cut to the lifetime allowance.
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News
How Devon is approaching its alt equity smart beta strategy
Devon Pension Fund has set out its approach to its mixed alternative equity index, using the smart beta strategy as a middle way between active management and the fund’s large passive allocation.
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News
Regulatory overhaul creates 'perfect storm' for DC schemes
Defined contribution schemes were hit with a slew of regulation last week across contract-based and trust-based provision, as the government and the City watchdog attempted to unify standards in these two areas.
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Features
How UK mastertrusts are designing DC benchmarks
The growing mastertrust sector has created a range of investment benchmarks, but pressure to demonstrate value has led consultants to call for more focus on performance yardsticks that reflect scheme memberships.
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News
MNOPF: captive insurance longevity swap saved £10m
The Merchant Navy Officers Pension Fund has said the use of a captive insurance company halved the cost of its £1.5bn longevity swap, and opened the door for smaller scheme derisking.
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Opinion
Where is innovation coming from in fiduciary management?
Barnett Waddingham’s Simon Cohen, Buck Consultants’ Brian McCauley, Goldman Sachs Asset Management’s Carolyn Tavares, Russell Investments’ Shamindra Perera, Sackers’ Stuart O’Brien, and Towers Watson’s Pieter Steyn compare experiences of innovation within the fiduciary management arena, in the final part of this discussion.
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Opinion
What are the relative strengths of asset managers and delegated consultants?
Barnett Waddingham’s Simon Cohen, Buck Consultants’ Brian McCauley, Goldman Sachs Asset Management’s Carolyn Tavares, Russell Investments’ Shamindra Perera, Sackers’ Stuart O’Brien, and Towers Watson’s Pieter Steyn try to understand the differences between traditional asset management and delegated consultants, in the third of this fiduciary management series.
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Opinion
Does fiduciary management have a transparency problem?
Barnett Waddingham’s Simon Cohen, Buck Consultants’ Brian McCauley, Goldman Sachs Asset Management’s Carolyn Tavares, Russell Investments’ Shamindra Perera, Sackers’ Stuart O’Brien and Towers Watson’s Pieter Steyn cover transparency of fees and information, in the second part of this fiduciary management debate.
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Opinion
Is it possible to compare fiduciary managers on performance?
Barnett Waddingham’s Simon Cohen, Buck Consultants’ Brian McCauley, Goldman Sachs Asset Management’s Carolyn Tavares, Russell Investments’ Shamindra Perera, Sackers’ Stuart O’Brien and Towers Watson’s Pieter Steyn discuss performance, reporting models and metrics, in the first of a four-part panel debate on fiduciary management.