Institutional investors should have one eye on the opportunities from an economic recovery, and the other on managing the substantial risks that remain, says Mercer.
Advisers are discovering that demonstrating better retirement plan outcomes through plan design is the ticket to differentiating themselves in a competitive industry.
The ripest sales opportunities for advisers may be men and women, age 35 to 64, with incomes of $150,000 to $249,000, according to Nationwide Financial.
Fund managers have turned more optimistic about the prospects for equity returns while remaining negative on world growth and medium-term government bonds.