All derisking articles – Page 19
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OpinionWhy the pension consultancy market is a true oligopoly
From the blog: “Investment consultants have contributed to the poor performance of UK employer-backed pension funds by offering the same advice at the same time,” asserted a recent article in the Financial Times. And I could not agree more.
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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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News
Invensys extends Pie to pensioners
Invensys Pension Scheme is expanding its pension increase exchange offering to retired members, as the company plans a bulk exercise for dependants and pensioners.
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OpinionRising rates: Hope for the best, plan for the worst – don’t press pause
If you are a trustee of a UK final salary pension scheme then you will know that the past eight years have been a long, hard winter of dealing with the inexorable and sustained fall in interest rates and the rising deficits this has caused.
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OpinionWhen the tide goes out…
Editorial: What a fortnight for pension fund investors. As China failed to stem its stock market rout, bourses the world over shed points as concern peaked that the brakes were being put on growth for the economic powerhouse.
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Opinion
Is the medically underwritten annuity market too good to be true?
With many schemes seeking to take advantage of insurance pricing based on members' individual health rather than the more traditional postcode models, we have seen the emergence of a new approach to the pricing of bulk annuities.
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NewsKingfisher locks in gains as funding hits triggers
Kingfisher pension scheme has continued to progress towards its 2030 buyout target with a £150m shift from return-seeking to matching assets after tipping into surplus.
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News
Run affordable risk, say experts
Schemes must not run more risk than they can afford, say experts, as UK private sector defined benefit deficits rocket to £900bn.
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Opinion
DB schemes responding to challenges, but is it enough?
Defined benefit pension schemes are showing greater sophistication in their approaches to risk and improving their funding levels, but the challenging wider economic environment is hampering efforts.
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News
Three graphics on how DB strategies pose risk to employer growth
Data analysis: Many large FTSE 350 defined benefit schemes are taking "a surprisingly high level of risk" in their investment strategies in spite of the Pensions Regulator's increased focus on sustainable growth, a recent report has warned.
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Opinion
RADAR: Events and training for pension managers – July 26 edition
Get your calendar in order with this fortnightly bookmark of upcoming events and training opportunities, targeting pension scheme managers and trustees.
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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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OpinionCommutation conundrums not so trivial
From the blog: Most pension schemes are considering derisking and most of those are considering trivial commutation.
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News
Norcros plugs deficit with suite of liability exercises
Kitchen and bathroom accessories group Norcros has plugged its scheme deficit by £1.7m through a series of liability management exercises, as pension funds see a further deterioration in funding levels.
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News
Royal Mail posts £700m to options to deliver risk reduction
Royal Mail Pension Plan has invested £700m in an options mandate, as schemes increasingly explore derivative-based strategies to reduce risk while seeking growth.
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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.
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News
DB schemes face crunch on index-linked corporate debt
A tightening in the supply of index-linked US corporate bonds may lead to UK pension schemes facing increased difficulty when derisking their portfolios, industry experts have said.
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OpinionHow DB-DC can be a win-win for employers and staff
Blog: The revolutionary pension freedoms introduced in April allow employees to transfer out of their employer’s defined benefit pension schemes and take benefits as cash rather than pension.
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Features
How LDI trigger frameworks could add value for schemes
Analysis: Despite persistent low interest rates and a lukewarm appetite for hedging in the past, liability-driven investment is on the rise again among UK investors.