Alignment of interest
The mechanism for sharing risks via fees in the pension industry is weak, says Fiona Trafford-Walker. Asset-based fees don't reflect managers’ ability, and clients don't get enough of the benefit of scale.
Investors need to start demanding that governments act with more fiscal discipline as ballooning debts on sovereign balance sheets around the world approach a breaking point, MFS Investments, one of the world’s oldest asset managers, said at FIS Singapore.
The mechanism for sharing risks via fees in the pension industry is weak, says Fiona Trafford-Walker. Asset-based fees don't reflect managers’ ability, and clients don't get enough of the benefit of scale.
Fiduciary Investors Symposium 2026, Singapore