All derisking articles – Page 20
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NewsUK schemes feeling pressure to add risk in chase for return
More than three-quarters of UK pension funds that increased allocations to equities in the past six months cited pressure to meet funding requirements as a driver, according to research.
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News
Surrey opts for LDI to harness funding gains
Surrey County Council Pension Fund has put a liability-driven investment platform in place to capture rises in the funding level, after falling gilt yields wiped out last year’s gains.
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Opinion
Is now a good time for an ETV or Pie exercise?
Last year’s Budget provided the most radical overhaul of the UK pension landscape for more than a decade. Members with defined contribution pension benefits now have much more flexibility over how they receive their retirement income.
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Opinion
Prepping for buyout: How the current derisking market affects your scheme?
Last year was a record for the bulk annuity market with more than £13bn of transactions – and the market is expected to be similarly active in 2015.
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OpinionHow current thinking on interest rates affects DB hedging levels
Derisking and the rise of the secular stagnation thesis – that interest rates might remain depressed as growth rates struggle to gain momentum – contributed to increased hedging activity over the past year.
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News
Collaboration key to DB liability challenge, experts say
NAPF Investment Conference 2015: Experts have called on the industry to focus on collaboration and technology to address the “£2tn problem” of defined benefit pension liabilities.
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News
Derisking market outpaces earlier estimates, topping £35bn
At £35bn, 2014's record derisking activity has exceeded initial estimates, a report has found, with experts also predicting a changing view of longevity will bring sustained market growth.
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Opinion
The case for cash: pension freedom and derisking
From April, savers will be faced with tough choices when it comes to drawing their pension: take the entire pension upfront, remain invested throughout retirement or buy a guaranteed income through an annuity.
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News
BPI targets cost savings with CPI move for pension payments
British Polythene Industries has become the latest scheme to tackle growing liabilities by switching the pensions-in-payment calculation to the consumer price index from the retail price index.
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News
Kingfisher puts trivial commutation on ice to focus on member data
Kingfisher Pension Scheme has said it is holding fire on a trivial commutation derisking drive to focus instead on data cleansing, while research shows 83 per cent of members would consider such a transfer.
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News
Lloyds scheme turns to alt credit as it shrinks equity risk
Lloyds Bank’s larger defined benefit pension fund has ditched a proportion of its equity holdings in favour of credit and hedge fund strategies, as pension funds widen their search for diversified sources of return.
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News
PPF index highlights DB funding trough, expected to normalise
The Pension Protection Fund’s latest 7800 Index figures showed further deteriorating funding deficits among defined benefit schemes, but industry commentators expressed caution against knee-jerk reactions to the slide.
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Features
Reports predict bulk derisking boom as deficits rise
Around two-thirds of defined benefit schemes worth more than £1bn are exploring derisking strategies, according to research, with climbing deficits and product innovation seen as key drivers.
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Opinion
Altmann: Don't abandon member safeguards in DB-DC transfers
Allowing people to decide for themselves how best to use their pension savings is broadly welcome.
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News
Schemes win extended reprieve from European OTC clearing rules
The European Commission has recommended schemes be given a two-year reprieve from over-the-counter derivative clearing requirements. But industry experts still expect pension funds to end up paying higher transaction costs.
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Opinion
Six ways to rethink your derisking plan in a volatile world
Around 40 years ago we experienced the 1970s oil shock, with rising oil prices, rising inflation and rising interest rates.
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News
Inflation hedging on the rise with smaller scheme LDI
Inflation hedging activity saw a jump towards the end of last year as medium-sized schemes took advantage of favourable pricing, ahead of further inflation falls.
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News
Invensys blitzes liabilities with cash, PIE and closure plans
Invensys Pension Scheme has launched a three-pronged attack on its liabilities by offering defined benefit members cash for smaller pensions and the option of trading in pension increases on larger pots – while planning to cease all accrual.
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News
MNOPF: captive insurance longevity swap saved £10m
The Merchant Navy Officers Pension Fund has said the use of a captive insurance company halved the cost of its £1.5bn longevity swap, and opened the door for smaller scheme derisking.
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Opinion
Lafarge, Channel 4 and Lloyds feature in the top five derisking stories of 2014
Many schemes worked hard this year to make a dent in their pension fund deficit as liabilities soared, employing methods ranging from simple payment increases to complex recovery plans.