All index-linked bonds articles
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NewsLDI: Pension funds appeal for more BoE support
Market moves: Some pension funds think the Bank of England’s gilt market intervention should go further, while schemes pull capital out of multi-asset credit funds.
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PodcastsPodcast: Pension tax changes needed to save NHS from ‘rock bottom’
Podcast: Staff shortages and ever-growing waiting lists have left the NHS at “rock bottom”, but the government “has its head in the sand”. Changes to the pensions taxation regime are essential to fix the problem, argues Vishal Sharma, pensions committee chair at the British Medical Association. He is joined by Mark Bondi, council member at the Society of Pension Professionals and senior technical consultant at Capita, to discuss the NHS, the High Court’s retail price index decision, and pension priorities for new prime minister Liz Truss.
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NewsBT, Ford and M&S schemes consider appealing against RPI judgment
On the go: The trustees of the BT, Ford and Marks and Spencer schemes are considering whether to appeal against the judgment handed down by the High Court, which struck down their judicial review against the government’s plans to axe the retail price index.
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News‘Millions to lose out’ as court rejects RPI reform appeal
Industry commentators have warned that millions of pensioners stand to “lose out” after the High Court rejected a judicial review, brought by some of the country’s largest defined benefit schemes, against the government’s plans to replace the retail price index with the consumer price index including housing.
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OpinionWhat has happened to my inflation hedge?
With inflation now printing at its highest level since 1982, the year after index-linked gilts were first issued to help tame rampant inflation, inflation pressures have proved to be far from ‘transient’.
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OpinionHow LDI strategies have evolved over the past 20 years
At the beginning of 2001, Tony Blair was prime minister, David Beckham played for Manchester United, and Enron was solvent.
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News£450bn of inflation-linked liabilities remains unmatched
On the go: Some £450bn of inflation-linked liabilities belonging to defined benefit schemes remains unmatched due to a shortage of long-dated gilts, according to analysis by Alpha Real Capital.
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NewsTPR to demand more asset information from schemes in 2023
The Pensions Regulator has confirmed it will press on with reforming the asset class information it collects via the scheme return, in a consultation response published on Thursday.
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NewsDB schemes exposed to £200bn in losses due to inflation-linked returns
On the go: Defined benefit schemes are exposed to £200bn in losses from inflation strategies as index-linked gilts reach record high prices, new research has shown.
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NewsHaringey Council scheme commits to London Fund
On the go: The circa £1.6bn London Borough of Haringey Council Pension Fund has invested £45m in The London Fund, the property and infrastructure fund established by the London CIV and Local Pensions Partnership.
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NewsPension funds advised to keep close eye on inflation
Recent spikes in inflation have led consultants to advise schemes against buying overpriced hedges and urging them to stay underhedged over the next three years, while looking elsewhere for inflation-linked returns.
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PodcastsPodcast: Pension schemes’ under-allocation to China is ‘anachronistic’
Podcast: UK pension schemes are too often under-allocated to China and missing out on the significant opportunities presented by its continued growth and development. There are, however, lingering environmental, social and governance concerns around investing in the “nominally communist” state, says RisCura investment consultant Lars Hagenbuch. He is joined by SEI Investments director Cyprian Njamma in an episode also covering Covid-19 mortality data and the Pensions Regulator’s proposed asset information reform.
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NewsTPR, PPF propose tiered approach in asset information reform
The Pensions Regulator and the Pension Protection Fund have issued a joint consultation into proposals to change the asset class information TPR collects via the scheme return.
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News
Pandemic causes £41bn DB deficit bump
On the go: The coronavirus pandemic and attendant national lockdown saw a marked deterioration in defined benefit scheme funding positions, with the overall deficit up £41bn as of March 2020 compared with the same month in the previous year.
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OpinionGreen gilts have a role to play in schemes’ portfolios
In November 2020, the UK government announced plans to launch the first green gilts.
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NewsScheme demand could see ‘greenium’ for new-style gilts
Scheme demand could see'greenium' for new-style giltsPension schemes are expected to jump at the opportunity of investing in the first issuance of green bonds in the UK, which could lead to a green premiumEnterkeywords.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: ...
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News
Switch to index-linked gilts could boost DB pensions and save billions
On the go: A rebalancing by the government from fixed interest to index-linked gilts could provide additional security for pension schemes and their members while saving taxpayers billions, according to analysis by LCP partner Jonathan Camfield.
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PodcastsPodcast: Trustees advised to self-certify before Christmas
Podcast: Jo Myerson, trustee director at Ross Trustees, tells Pensions Expert it is important that trustees comply with the Competition and Markets Authority’s self-certification rules early in order to avoid a mad, post-Christmas dash to meet the January 7 deadline. She is joined by David Rae, head of strategic client solutions at Russell Investments, in an episode also covering insolvencies, superfunds and the fallout from the reform of the retail price index.
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News
RPI reform to leave linker owners short-changed from 2030
The government is to press ahead with controversial reforms to the retail price index leaving index-linked gilt holders worse off, but has decided to delay the move until 2030.
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News
RPI decision timing ‘risks volatility’
On the go: The long-awaited outcome of a consultation on replacing the retail price index of inflation is set to be published on November 25, but investors have warned that the government’s timing risks violent market reactions.