Most pension scheme members probably have more exposure to Vodafone than to the entire North America...
Most pension scheme members probably have more exposure to Vodafone than to the entire North American market. As stakeholder moves ever closer there has been almost no public debate on what the ideal asset allocation for funds should be. Stakeholder is a long term investment and those who join it should not end up with the sort of asset distribution that has come about from pension fund managers following the herd. Hugging consensus benchmarks might be a good way of neutralising the risk of fund managers underperforming competitors. For pension holders there is an entirely different risk w...
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