All Fixed income articles – Page 5
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News
HMRC’s leapfrog on insolvencies to hinder PPF recoveries
Government changes to prioritise the payment of insolvent businesses’ tax bills at the expense of other creditors could reduce recoveries by the Pension Protection Fund and adversely impact levy payers, according to the lifeboat.
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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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News
TPR issues guidance on protecting schemes from employer distress
New guidance for trustees on protecting their schemes from employer distress stresses the need for robust protections and integrated risk management.
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NewsCredit markets bounce back, but risks still lurk
Credit marketsbounce back, butrisks still lurkAfter a massive sell-off in March,the current environment looksattractive for credit followingcentral bank intervention — butare market conditions detachedfrom the stark economic risks?Enterkeywords.sh_embed {position: relative;height: auto;width:100%;z-index: 0;overflow: hidden;background-color: #222;color: white;font-family: 'Lato', 'Helvetica Neue', Helvetica, Arial, sans-serif;}.sh_embed * {-webkit-box-sizing: border-box;-moz-box-sizing: border-box;box-sizing: border-box;}.sh_embed .sh-embed-bg {position: absolute;width: 110%;height: ...
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News
UK to issue first green gilts in 2021
On the go: The UK government is to issue its first green sovereign bond in 2021, alongside tough new measures on sustainability reporting for companies.
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News
SNP MPs table amendments to tackle Section 75 conundrum
On the go: Four Scottish National party MPs have tabled an amendment to the pension schemes bill in a bid to solve the problem of Section 75 debt falling due on small, unincorporated employers.
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News
Sustainability and adequacy still dragging UK's pension system
Data crunch: The UK has fallen one place to 15th in the Mercer CFA Global Pensions Index, despite seeing a marginal improvement in its score, while Covid-19 increases pressure on retirement systems worldwide.
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News
Charity participants in LGPS face going concern issues
An Institute of Chartered Accountants of Scotland report laying out guidance for charity trustees on going concern has prompted a second look at their participation in the Local Government Pension Scheme, with experts warning that many could face crippling debt payments as they run out of members.
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News
Credit downgrades pose ‘serious challenge’ for pension schemes
On the go: A decrease in the average credit quality of fixed income indices, coupled with increased competition for high-quality assets, poses significant challenges for pensions schemes, according to Axa Investment Managers.
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News
DB schemes over-reliant on ‘historically improbable’ returns
On the go: Underfunded defined benefit schemes in the UK will require “once-in-a-century” equity performance if they are to avoid carrying their funding gaps well into the 2030s, according to a new report from Willis Towers Watson.
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News
Brunel pool issues tenders across credit spectrum
On the go: The Brunel Pension Partnership has called for pitches from managers of both multi-asset credit and sterling corporate bonds, seeking to deploy some £2.7bn of local authority pension capital.
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News
Market volatility leads to attractive returns in low-risk credit
On the go: Pension schemes should consider adopting high-quality, low-duration credit strategies such as asset-backed securities as an alternative to traditional bond allocations when looking to derisk their portfolios, according to a new report from Aon.
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OpinionInsolvency bill leaves huge questions on interactions with DB schemes
Last month, the government published the corporate insolvency and governance bill, which has been described as the most far-reaching reform to UK insolvency law in the past 30 years.
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OpinionEconomies of scale: do they exist?
Data crunch: Does size matter? Many fund products come with tiered fee structures, leading to the mantra that the larger the mandate, the lower the unit cost.
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News
Implementation hurdles in opportunistic strategies
On the go: The coronavirus crisis presents a number of opportunities for savvy investors, but schemes should be wary of inflated estimates of return, according to a new report from Bfinance.
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News
Border to Coast adds fixed income capability
On the go: The Border to Coast Pensions Partnership has added fixed income capability to its offering, seeding a sterling investment grade fund with £2.5bn of capital from partner funds.
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News
Border to Coast set to focus on fixed income in 2020
The Border to Coast investment pool is looking to widen the range of fixed income products it offers to local authority pension scheme clients in 2020, according to its chief executive.
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News
Telent: Buy-in could have scuppered scheme rescue
On the go: The trustees behind the record-breaking £4.7bn buyout of the Telent pension scheme say purchasing partial buy-in contracts could have derailed their aim of securing all members’ benefits.
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NewsLocal schemes urge Barclays to stop financing fossil fuel companies
Several local government pension schemes are asking Barclays to publish a plan to gradually phase out its financing of fossil fuel companies, as the bank has provided more than $85bn (£65bn) to such companies since the Paris Agreement was signed in 2015.
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Features
Should schemes take a leaf from insurers’ books?
Data crunch: Should defined benefit pension schemes – with their greater investment freedoms – beat insurers at their own game and take a page from their playbooks?