April cannot come quickly enough for many in the fund management industry, but the impact of pension reforms may not be as great as they expect, writes Kames Capital CEO Martin Davis.
Liberated by the radical pension reforms due to take effect that month, over 55s in DC pension schemes will, according to received wisdom, gleefully seize their cash and direct it post-haste into annuity-substitute...
Equities overweight down to 3%
Relates to 136 million transaction reports
Patience must be a watchword
MSCI has recently increased the Chinese A-share market's inclusion factor from 5% to 20%.
Change of objective