slib33
WEDNESDAY TICKER: OCTOBER 22ND 2014: The governor of the Bank of England, Mark Carney, has launched a probe into the causes of yesterday’s disruption to Real-time gross settlement (RTGS), the bank's system for settling high value payments - A major loophole in the UK’s criminal records checking system means that IT staff, including those working in critical functions within financial services firms are not permitted to be vetted for fraud, says Simon Culhane, Chartered FCSI and chief executive officer of the Chartered Institute for Securities & Investment (CISI) - Employment in financial and related professional services in London reached a record high of 703,900 in June 2014– 11%, according to TheCityUK’s October 2014 London Employment Survey - LSE-backed multilateral trading facility Turquoise has launched Block Discovery, a new service designed to allow users within the Turquoise Midpoint Dark Book to trade larger block orders by matching block indications - Dominic Wheatley will take up the job of chief executive of Guernsey Finance as of December 1st. Wheatley will replace Fiona Le Poidevin, whose resignation was announced in July and who will head up the Channel Islands Stock Exchange.

Transition Management 2012

Transition Management 2012 11 October 2012Gibson Hall 13 Bishopsgate, London EC2N 3BA   http://www.ftseglobalmarkets.com/media/k2/items/cache/18d2fa990243b5f4ec94abbc01e25243_XL.jpg

Transition managers, pension funds, consultants, fund of funds, managed funds, platform providers and the insurance sector examined the key issues driving change and the transition solutions available to the pensions and investment industry at FTSE Global Markets' Transition Management Seminar.

As a facilitator of change it is perhaps not surprising that Transition Managers find themselves at the fulcrum of the evolution taking place in the investment industry. Change is occurring both in terms of where demand for transition managers is originating and also in the types of transitions that are taking place. Whilst the transition business in Europe from pension funds is now relatively consistent, and for the biggest users dominated by panels, most managers are seeing current growth from managed funds, fund of funds and the insurance sector. In the medium to long term the future of the transition management sector lies with the defined contribution sector. Fund managers across Europe are having to employ a multi-asset approach that allow the asset allocation to change as members near retirement. With the first DC pensioners coming online in Europe and retirement patterns changing, fund managers are developing new solutions for the pay-out phase, such as through retirement funds. Insurance companies currently dominate business in the pay-out phase, but changing regulations should allow fund managers to capture a greater share of business. Increasingly the larger providers will also create platforms which allow access for smaller distributors and third parties that do not have the power or resources to develop their own pension solutions nor the ability to attract sufficient assets through wrapped products of their own. The switch from defined benefit to defined contribution will present Europe's transition managers with a large number of new challenges but also the opportunity to be at the centre of one of the largest changes ever to take place in the pensions and investment sector.

The seminar brought together transition managers, pension funds, consultants, fund of funds, managed funds, platform providers and the insurance sector in order to examine the key issues driving change and the transition solutions available to the pensions and investment industry.  Presentations from Key speakers can now be found by clicking here.

Transition management in an era of change

The transition management service set is broader these days. Market challenges abound. Transparency is vital in volatile markets and when extreme changes in asset allocation often call for innovative approaches to portfolio transitions. A strong platform also helps. Michael S Gardner, managing director, global head, J.P.Morgan Transition Management, looks at the problems and prospects for the service set in an era of change.

For more videos on Transition Management, please click here.

Tweets by @DataLend

DataLend is a global securities finance market data provider covering 42,000+ unique securities globally with a total on-loan value of more than $1.8 trillion.

What do our tweets mean? See: http://bit.ly/18YlGjP

White Paper

Seeking Optimal ETF Execution in Electronic Markets

Seeking Optimal ETF Execution in Electronic Markets

 
pdf Download PDF View all Whitepapers

Sponsored by

Lead Sponsors

Transition Management Services from JP Morgan

Perspectives in transition management by Russell Investments

 

 

Associate Sponsors

Beta & Transition Management from BNY Mellon

Portfolio solutions from State Street Global Markets