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Consultant use strengthens as the interest rate environment forces investors to revisit strategy and seek advice.  
Multi-asset fees are the highest paid by European institutional investors, followed closely by active developed market equities.  
Consultant use strengthens in Germany as the interest rate environment forces investors to revisit strategy and seek advice.  
Solicitation activity rebounds as anticipated, but large investors are very selective.  
Use of diversified fixed income to drive return has continued to strengthen at the expense of traditional allocations; alternatives hiring expectations are strong.  
Fixed income allocations contract marginally as investors begin deploying assets elsewhere in search of growth.  
Blended default funds remains the dominant option among DC schemes.  
Consultant intermediation slips slightly among corporates as third party advisors increase their presence in the marketplace.  
Manager hiring expectations collapse and activity is expected to be skewed firmly towards larger plans.  
Overall equity allocations drop to a record low, but active international equity allocations has increased driven by strong market performance; total LDI allocations are significant at 15%.  

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