View more on these topics

Balanced managers looking unsteady – survey

Top fund managers are being shunned by UK pension funds in favour of specialist fund managers, according to US consultancy Greenwich Associates.


The survey of 375 UK funds worth £505bn, shows the proportion of the schemes using balanced managers declined from 78 to 70 per cent between 1997-1999.


The proportion using specialist managers surged from 43 to 59 per cent.


The survey shows many have been unhappy with the under-performance of top balanced managers who spread portfolios over a variety of UK and overseas investments.


Specialists like index-tracking managers have enjoyed increased popularity.


The switch from balanced to specialist managers looks set to continue as fewer than one per cent of the pension schemes polled said they will appoint new balanced managers over the next year while 18 per cent say they will hire specialists.

Recommended

A&L boardroom shuffle

Alliance & Leicester is shaking up its boardroom line-up.The move sees the return to the board of former Proctor & Gamble executive Michael Allen following his departure18 months ago. A&L treasurer David Bennett also joins the board following promotion to main board level. The promotion follows what the bank said was a recognition of the […]

FSA points to firms&#39 compliance failings

The FSA says 99 out of 100 companies are failing to comply fully with itsrules. The regulator&#39s internal study revealed only 1 per cent of firms arefound to be fully compliant when it conducts routine inspections. But itsays the figures must be looked at in the context that the changes itenforces are usually minor and […]

Women shun financial services

Too many women feel shunned by the financial services industry, according to a new Government report.Minister for women Margaret Jay speaking out at a Money Marketing conference, said she was concerned women are failing to invest despite an increase in numbers with independent earnings. She said: “Many women are failing to invest because they feel […]

Halifax mortgage share static

Halifax has failed to increase its share in the mortgage market in the last six months of this year.The has bank announced its market share is set to hold steady at 7 per cent net and 15 per cent gross for the last half of this year. This is similar to figures for the first […]

The fifteen-year itch

By Neil Jones Technical support manager with Canada Life’s ican Technical Services Team. Canada Life offers a range of wealth management solutions, including retirement income planning, estate planning and investment solutions from a choice of jurisdictions, including the UK, Isle of Man and Republic of Ireland. The treatment of non-UK domiciles that are resident in […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment