us Large pension funds lead the way in reacting to market and accounting changes, according to research from Greenwich Associates.

A Greenwich survey found whilst funding ratios for all sizes of funds had improved in recent times, larger pension schemes were quicker to adapt to fluctuations in the world economy and liability management.

Chris McNickle, consultant, Greenwich Associates, said: “Rarely in the course of our global pension research have we come upon such a dramatic difference in strategy between groups of funds operating in the same market.”
The survey found, despite producing good returns over the past two years, 40% of corporate funds with over $5bn in assets and a third of public funds of the same size said they planned to significantly change their asset allocation over the next three years. Only 8% of corporate funds with less than $500m in assets said they would do the same.

Global Pensions