A refusal to recognise that the investment world is changing has begun to sound the death knell for the majority of asset managers - and this will only get worse with less money to go around.
Nearly two-thirds of corporate treasurers have a contingency plan for their business in place, but just 10% have taken measures to protect their pension funds, according to Towers Watson.
From aiCIO Magazine's September Issue: Taylor, senior manager in European human relations at car-parts manufacturer DENSO, oversaw a breakthrough deal to secure benefits for members across different pension funds—allowing them to continue to accrue benefits while taking the risk off the corporate balance sheet.