All bonds articles – Page 5
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NewsFCA scheme becomes latest to benefit from discount rate move
The Financial Conduct Authority Pension Plan has become the latest in a series of schemes to announce an improvement in its financial position arising from an increase in the discount rate.
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NewsDe La Rue extends recovery plan and ups bonds
Banknote and passport printer De La Rue has agreed an extended recovery plan with its pension scheme trustees after its most recent actuarial valuation showed an increased deficit of £252m.
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News
Active debt management key to exploiting bond opportunities
Schemes hunting for cash flow in a record-low gilt yield environment are turning to corporate bonds, emerging markets and active management of their debt portfolios, a study has revealed.
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News
Strathclyde adds EMD as cash flow turns negative
Strathclyde Pension Fund has approved a range of investment changes, including up to £300m in emerging market debt and £30m in core UK infrastructure.
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Opinion
Are there still areas of fixed income that provide value?
Are there still areas of fixed income that provide value? In the second part of our Fixed Income Live series, Dalriada’s Simon Cohen, Hymans Robertson’s John Walbaum, Mercer’s Joe Abrams, PGIM’s Edward Farley and Willis Towers Watson’s Chris Redmond reveal where they see the best investment opportunities.
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OpinionDoes your derisking strategy add risk?
From the blog: There is an analogy I like to draw involving something everybody knows: yoghurt. People have been happily consuming yoghurt for hundreds of years, but half a century ago people started to worry that too much fat was bad for their health.
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Opinion
How to use bonds in default funds after freedom and choice
Bonds in default funds for UK defined contribution pensions have come under scrutiny since freedom and choice. While lots of schemes and workplace providers have already altered default fund strategies, many have yet to do so.
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News
April changes offer 'excuse' for DB schemes to shut up shop
Analysis: The death knell for defined benefit is edging closer, consultants say, as the end of contracting-out, low yields and impending government revisions to pension tax could see all FTSE 250 companies completely close their DB schemes by the end of this year.
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NewsIs your scheme in the know about securities lending?
Investment experts have laid out the steps schemes should take to minimise risks when allocating to securities lending, and warned of the potential they face for illiquidity and loss of voting rights.
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Opinion
What fixed income ETFs can bring to your portfolio
Investors in fixed income markets are having to deal with persistently low or even negative yields, the potential for increased volatility – such as recent worries about China – and a lack of clarity over when the US Federal Reserve will start raising rates.
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Features
The Pensions Trust outperforms after investment governance change
Multi-employer scheme The Pensions Trust has changed its investment governance structure to reduce bureaucracy, beating its benchmark in the process.
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Features
Lancashire drops bonds in favour of equity, credit and infrastructure
While everyone acknowledges the incredibly high price of gilts in the current environment, which is wreaking havoc with pension scheme funding levels, few have taken the controversial move of getting rid of their allocation to bonds altogether.
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OpinionFour problems with today’s LDI strategies
We must fight to keep hold of the fundamental meaning of liability-driven investment in order to identify cost-effective ways of investing with a true liability focus.
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News‘Mindset shift’ in FTSE 100 battle to reduce DB risks
FTSE 100 defined benefit schemes flooded into bonds in 2014 but persistent deficits are forcing many schemes to seek opportunities for risk reduction within growth-seeking assets.
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OpinionReshaping DB: Why we can't afford to repeat the mistakes of the past
Talking Head:In 2005 pension funds produced their first recovery plans for the newly formed Pensions Regulator.
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NewsWhat your scheme could learn from the PPF's approach
The Pension Protection Fund has further increased its scheme funding level to 115 per cent and experts have said other defined benefit schemes could adopt its risk management approach to improve their results.
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NewsHow schemes should react to Carney rate rise hint
News analysis: The Bank of England has bolstered expectations of a rate rise by the end of the year and schemes should consider their position ahead of any change, experts have said.
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News
DB funding snapshot signals need for further hedging
Data analysis: Defined benefit schemes’ aggregate funding ratio rose slightly to 84.8 per cent in June, according to data, but experts say schemes should further hedge liabilities to buffer against underlying volatility in the bond markets.
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OpinionTwo charts showing why now is the time for hedge funds
From the blog: As fixed income markets show signs of nervousness after a multi-decade long rally, institutional investors face critical choices.
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OpinionEditorial: Cache is king
The structure of pension funds is such that there has always been an obligation for them to buy bonds, the traditional income-producing asset class that enables schemes to match pensioner liabilities.