16/2/2009
By Sophie Baker
Pension schemes all over the world are re-evaluating their investment management following the effects of the financial turmoil.
In SEI's Global Quick Poll, a majority of global pension schemes were found to be re-evaluating their management, and over half of the UK schemes surveyed said they would consider outsourcing to a Fiduciary Manager.
In the past year, 64 per cent of the global poll participants made asset allocation policy changes, and 48 per cent said they are moving assets out of equities.
Patrick Disney, managing director of SEI's Institutional Group in EMEA, said: "The impact of last year's market volatility has once again put pensions at the top of the agenda of many companies. Funding deficiencies are being felt across the board and pension funds and company sponsors are keen to explore new ways of managing the pension scheme that can improve governance and risk management through better decision making. The interest in Fiduciary Management in this survey is a clear reflection of the recognition by pension schemes that outsourcing both advice and implementation to one provider could be a viable and more effective alternative to the traditional model," he added.
The survey was conducted across 157 pension executives from five countries - the Netherlands, UK, US, Canada and Hong Kong
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