03.10.2011 - The real reason UK pension funds shun residential property
UK pension schemes are still avoiding residential real estate, but don't blame the widows, says Shayla Walmsley. The recent claim by John Lewis pension scheme's investment manager Andrew Chapman that no pension scheme wanted to be held responsible for evicting "some widow", and that the solution would be to separate investment and asset management "so we weren't held responsible in that way", amounted to a request for risk removal. But arguably he's looking at the wrong risks..............................................Full Article: Source
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