passive investment

Proposes all-in fee on funds

There has long been a debate about which investment strategy, whether active or passive, delivers the best value for money. Michael Klimes looks at how trustees can find the best strategy

The pensions and investment industry needs to be much more explicit about the objectives of active management, according to former Investment Association (IA) head Daniel Godfrey.

In these challenging economic times it is essential to have skilled active fund managers but they are tricky to identify. Michael Klimes looks at how to find them.

A tender has been opened to find passive fund managers for the Local Government Pension Scheme (LGPS) at affordable levels.

BlackRock has been chosen to run nearly £2.8bn of passive assets by the eight Local Government Pension Schemes (LGPS) known collectively as the Welsh Funds.

The UK watchdog has discovered problems with how some asset managers market their funds after finding several actively managed products that in reality closely track benchmarks.

Despite a decade of fierce debate over fees, many active equity managers in the UK have remained impervious to the global rise of passives. However, a growing bank of parlous historical data and changes in smart passive design may yet precipitate a great extinction according to Nick Samuels.

Rima Haddad looks at how exchange traded products can fit into a scheme portfolio.

BT Pension Scheme (BTPS) has pulled its inflation-linked bond mandate from Hermes Investment Management, cutting assets under management (AUM) at the business - which it still owns - by more than a quarter.