News
Asset managers stick to European and Japanese equities
Asset managers have been too optimistic in their return forecasts for European and Japanese equities over the past 18 months or so. Despite having faced disappointing returns over the past year or so, they are not yet prepared to meaningfully lower their expectations.
OMGI eyes China distribution, puts plans in place
Old Mutual Global Investors has begun implementing a strategy to build distribution relationships across mainland China, according to the firm’s managing director Warren Tonkinson.
MetLife net income down 94% after variable annuity review
US insurance giant MetLife reported a drop in net income of 94% to $64m (£48m, €57m) for the second quarter after bringing forward an annual review of its variable annuities business as it looks to offload a substantial part of its US retail business.
United Kingdom | news 4 Aug 16
ABI reports 10-fold rise in use of Sipps post-pension reforms
The number of savers using self-invested personal pension schemes (Sipps) has increased 10-fold in recent years, data from the Association of British Insurers shows.
Best Practice | news 4 Aug 16
More pain for UK expat retirees as BoE cuts rates
The Bank of England (BoE) has cut interest rates by half to 0.25%, adding more pain to pension savers already hit by years of low returns.