Investment Perspectives - Autumn 2017
09 Nov 2017
Welcome to your Autumn edition of Investment Perspectives 2017
In this edition, Graeme Johnston provides his quarterly background to markets, together with an overview of the economic landscape. Chris Arcari reviews the insurance-linked securities market - an interesting niche asset class that has assumed more prominence than usual in the wake of a devastating Atlantic hurricane season.
In late June, the Financial Conduct Authority (the “FCA”) published its review into the asset management market. The review was announced in late 2015 to identify whether the asset management industry was delivering a good deal to retail and institutional investors, including pension schemes.
Recognising the need for buyers of investment services to focus on optimising outcomes for pension funds, we take a look at two different implementation solutions that have evolved in the industry in recent years. Both are just part of the range of solutions available to investors:
- First, John MacDonald looks at Fiduciary management – what it is, what it provides, and how it compares to the more traditional separate consulting advisory/fund manager model.
- Second, David Morton looks at the use of DB scheme platforms. Like DC platforms, DB platforms allow trustees to access a range of managers through a single platform for a fee. This is intuitive for schemes seeking a governance-lite implementation solution, but can their use be extended cost effectively?
If you would like to find out more about any of the topics discussed in this publication please contact your usual Hymans Robertson consultant.