All currency articles
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NewsAon and Mercer issue ‘urgent’ call to action over LDI strategies
Consultancies Aon and Mercer have urged pension schemes, trustees and sponsors to prepare to intervene to protect their schemes, as bond market volatility puts strain on liability-driven investment strategies.
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NewsInterest rate rise could cut £100bn from DB liabilities
On the go: The Bank of England’s decision to raise interest rates could see up to £100bn in long-term liabilities removed from UK pension schemes, XPS Pensions has estimated.
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News
PIPAs seeking the best and brightest of the pensions industry
The Pension and Investment Provider Awards for 2022 have now opened for submissions.
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NewsDesire for cryptocurrencies is ‘deeply concerning’
New research from CoreData has shown almost half of millennials, people aged between 25 and 40, want to invest at least part of their pension in cryptocurrencies such as bitcoin. Experts, however, have warned that cryptocurrencies remain a long way off being a viable investment option.
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OpinionForex risk – forgotten factor in private capital performance?
It is no secret that pension funds are allocating more capital to private investments, such as private equity, private credit and other illiquid assets, either directly or more commonly via dedicated fund managers.
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News
RPI reform holds back schemes’ inflation hedging
On the go: Inflation hedging decreased by 13 per cent quarter-on-quarter in the third quarter of this year amid ongoing concerns about reform to the retail price index, according to the latest BMO Global Asset Management liability-driven investment survey.
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PodcastsPodcast: What falling sterling means for pension funds
Podcast: It has been a rocky few months for sterling, with the currency falling more than 7 per cent since May. In this podcast, Shoqat Bunglawala, head of Goldman Sachs Asset Management’s global portfolio solutions business, and Simeon Willis, chief investment officer at XPS Pensions, discuss the main reasons behind the decline, and what it means for pension funds.
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FeaturesCould a Brexit swing in sterling catch out UK schemes?
Data crunch: Trustees boards across the UK have finally banished the domestic bias for which they were once known, if the latest figures from MandateWire are anything to go by.
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OpinionRisk management should not just focus on assets
Data Crunch: As defined benefit pension schemes have matured they have become increasingly risk-aware. This awareness of risk is not just limited to those schemes’ asset portfolios, but also their liabilities and sponsor covenants.
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OpinionHow will the ageing population affect markets?
Of all the forces set to reshape the investment landscape over the coming decades, one stands above all others – the ageing of the world population.
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OpinionTrustees cannot ignore deferred members abroad
From the blog: The press is full of reports surrounding the transfer of defined benefit schemes to defined contribution or personal pensions. What has been massively overlooked is trustee responsibility to deferred members who are no longer UK residents.
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OpinionWhat Brexit politics mean for currency risk
From the blog: Pension scheme assets have become more international in recent years, meaning schemes have more opportunities for generating both growth and income.
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NewsTrustees urged to keep their cool on news of hung parliament
Markets sometimes react in unexpected ways, but most will have anticipated that a hung parliament would not be well received.
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NewsPensions slip down the agenda after election
If Theresa May’s Conservatives succeed in forming a lasting government, their immediate policy concerns regarding pensions are unlikely to change.
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NewsBlockchain and bitcoin: Trustees urged to adapt to change
Many are still unfamiliar with the concept of bitcoin and blockchain, but experts say the pensions industry must engage with technology and accept change to adapt to an increasingly digital world.
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OpinionSchemes should consider strategic currency hedging
The case for strategic currency hedging is based on an objective of reducing portfolio volatility, but at current low levels of sterling, UK investors have every incentive to implement the hedge now.
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News
Johnson Service Group adds £1.5m on top of recovery plan
Textile rental provider Johnson Service Group has committed to paying £1.5m to its defined benefit scheme following the £8.25m sale of its dry cleaning business to Timpson Group.
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Schemes urged to look past 'Super Thursday' market movements
The FTSE 100 fell last week on the back of a High Court ruling that parliament must have a vote on the UK’s triggering of Article 50, while the Bank of England revised its inflation expectations upwards.
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OpinionDon't halloo till you're out of the wood
From the blog: Following the UK referendum to leave the EU earlier this month most major currencies have risen against sterling.
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OpinionSkip the all-you-can-eat buffet in 2016
New year, same old question: how to make money in financial markets? What's changed beyond the obvious combination of a holiday-depleted bank balance, horrendous weight gains and a new calendar?