Northern Trust: Global Economy to See 2.4% Annualized Growth over Next Five Years
Despite elevated valuations, investment outlook predicts attractive stocks, no bond bubble.
News
FTSE 350 Pension Deficits Rise £12 Billion in August
Mercer says decline may be due to uncertainty over Brexit negotiations.
US Annuity Sales Rise in Q2, But Still Down Nearly 10% from 2016
Non-qualified sales buoyed variable annuity market, IRI reports.
Preqin: Institutional Investors Increasingly Concerned with High Pricing
Private equity, private debt are most well-received asset classes.
CalPERS Staff Pushes for Quick Replacement of Infrastructure Consultant StepStone
Former infrastructure consultant, real estate consultant named as potential immediate replacements.
TPR to Prosecute Firm for Not Providing Pensions
Manchester bus company and managing director could face unlimited fine.
Research
Preqin: Hedge Funds Return Nearly 1% in August
Streak is extended to 10 months of positive returns.
Newsmakers
Canadian Institutional Investors Seek More Women on Boards
Groups call for boards and executives to be at least 30% women in less than five years.
Business Group Urges Use of Pensions to Fund Retiree Startups
Institute of Directors calls on UK government to help retirees become entrepreneurs.
Newsmakers
India’s National Pension Scheme Raises Entry Age Limit to 65
Currently, only 15% to16% of workers are covered by system.
Newsmakers
Brazilian Planning Minister Demands Government Put Pension Reform First
Corruption scandal, 2018 general elections causing distractions for lawmakers.
UK Annuity Sales Tumble Further
Sharp decline continues two years after new rules allow withdrawals without annuities.
Research
NEPC: Emerging Markets Boost Global Equities in August
MSCI EM Index currently at 28.3% returns in 2017.