Opinion & Analysis

At the TUC’s “ABCs of CDC” conference, my good friend Bernard Casey of Warwick University asked a question of Gregg McClymont, the Shadow Pensions Minister, as to the sources of the superior projected performance of CDC over individual DC. The question was “Different speakers have emphasised the "main" advantage of CDC. One said it reduced volatility. Another said that it generated higher returns because it allowed investing long term, and in higher risk assets, and a third that it generated better returns because, via scale economies, costs were lower. Which is it?”

Thomas Murray IDS looks at some of the implications AIFMD will have on asset safety...

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