Watson Wyatt comments on Myners principles

Responding to government comments on the progress of the Myners principles, the pension-consulting firm says there is some ‘logical merit’ supporting the principle of selection of advisors along ‘best-in-class’ lines. Nick Watts, head of European investment consulting at Watson Wyatt says adding openness to pension funds in the areas of absolute return investing, risk budgeting and liability-driven benchmarks in the past three years has seen a blurring between traditional strategic asset allocation and manager selection. “The result is that our clients now seldom view asset allocation ...