The bulk annuity market will grow significantly over the next five years in spite of higher costs due to low interest rates and Solvency II capital requirements, according to Fitch Ratings.
Rising longevity poses a much greater threat to companies with defined benefit (DB) pension schemes than low interest rates, Fitch Ratings has warned.
Taha Lokhandwala looks at Fitch Ratings research showing a growing trend of differing results between independent and subsidiary asset managers
There is a low positive correlation between the average performance of European asset managers and net inflows into their funds, research from Fitch shows.
Hannah Brenton examines the forces at work on European high-yield.
Absolute return funds aim to offer investors a positive return under all economic conditions. Helen Morrissey looks at issues the schemes need to be aware of before they invest in these products
US - The California Public Employees' Retirement System (CalPERS) has dismissed its lawsuit against Fitch Ratings but will maintain its action against fellow ratings agencies Moody's and Standard & Poor's.
EUROPE - Scepticism some European allocators feel about the ability of ‘absolute return' funds to achieve their aims has been vindicated so far this month as almost eight in every 10 European funds in the sector lost money in the volatile first three...
US - Fitch Ratings has downgraded New Jersey's debt rating in large part because of its swelling pension funding needs.
US - Fitch Ratings has rated the credit enhancement programmes (CEP) offered by California Public Employees' Retirement System (CalPERS) and the California State Teachers' Retirement System (CalSTRS) "AAA" and "AA+", respectively.