3 April 2017
The Pensions Management Institute (PMI) today announced State Street Global Advisors (SSGA), the asset management business of State Street Corporation (NYSE:STT), as an expert partner, offering specialist support on target retirement funds to PMI members.
The PMI’s expert partnerships are developed exclusively with organisations considered to be thought leaders and experts in the industry, to support innovation on current, pertinent issues and add value through the delivery of insight.
The partnership will provide scheme sponsors, trustees and advisors with fast track access to the most up-to-date thinking on a range of topical investment issues, through the PMI’s primary communication channels. These include its monthly newsletter, PMI News, member email alerts, online PMI TV channel and dedicated expert partner web area.
Gareth Tancred, Chief Executive of the PMI, commented: “Target retirement funds are a hot topic for the industry, so we are keen to be able to provide some thought-leading insight into this area for our members and the wider industry. We are very pleased that SSGA will be sharing their expertise within this sector with us and our members. SSGA is a trusted partner and has a reputation as a valuable source of innovative knowledge on retirement.”
Nigel Aston, Head of SSGA European Defined Contribution, commented: “We are pleased to have been appointed an expert partner by the PMI. One of our main aims is to help people in workplace pension and savings schemes around the world to understand what they need to do to retire with confidence and dignity. For many trustees and scheme sponsors target retirement funds offer a compelling choice for a default investment strategy. They provide a powerful and flexible investment solution to accommodate changing member behaviour, market conditions and regulations. We continually conduct research and evaluation of new ideas as we are committed to making retirement work for everyone.”