All Opinion articles – Page 51
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OpinionWhy Nest is factoring in climate change
In 2015, Nest was one of more than 400 investors to sign the global investor statement on climate change as part of the Paris pledge for action.
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OpinionLDI: How hedging strategies should be adapted for the cash flow era
How has liability-driven investment evolved recently, and how does it need to change to be fit for the future? Six experts discuss the issues and opportunities for LDI.
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OpinionWhat's in an index?
Editorial: The defined benefit green paper published this week has caused consternation in many parts of the pensions industry, which expected to see a more decisive take on the issues facing DB.
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Opinion
Is it time for DC defaults to embrace ESG?
Large defined benefit funds and defined contribution mastertrusts have long been using their investments to engage with or divest from companies involved in controversial practices. Now, a renewed public focus on environmental, social and governance issues, as well as corporate reporting, could convince more to follow.
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Opinion
How can LDI be combined with cash flow delivery?
How should maturing pension schemes adapt their LDI strategies to meet increasing cash flow demands, and what solutions can help them navigate collateral issues? Axa Investment Managers' Jonathan Crowther, Barnett Waddingham's Sophia Heathcoat, Dalriada Trustees' Simon Cohen, Hymans Robertson's Alen Ong, Law Debenture's David Felder and Standard Life Investments' Mark Foster discuss.
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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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OpinionHow will lifting the restrictions on Nest impact the mastertrust market?
During the past 10 years, the mastertrust market has been more than just a little irrational. Despite mastertrusts being as effective a defined contribution solution then as they are now, between 2007 and 2012, just a handful of commercial mastertrusts were actively marketed in the UK.
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OpinionThe role of advice in a digital world
Long-term saving is one of the biggest issues facing society today. People are living longer and the pensions landscape seems to be constantly changing, which makes it very difficult to navigate and to know what options work best for individuals.
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OpinionHow can young members make an impact on their retirement funding?
'The youth of today have no idea how lucky they are' is a phrase we have all either heard or said at some point in our lives, but is it true of today’s young people?
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OpinionWhat to bear in mind with asset-backed funding
Asset-backed funding structures seemed all the rage a few years ago. Everyone was interested in understanding this new and innovative vehicle that promised a substantial and mutually beneficial solution to defined benefit funding issues.
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Opinion
Pru exit doesn't signal death of annuities... yet
From the blog: Insurance giant Prudential is leaving the UK annuity market, but analysis of ‘at retirement’ product offerings show that guaranteed income still has a significant role in the post-freedom and choice savings world.
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Opinion
Is there still a place for triggers in LDI strategies?
How should schemes react to never seeing their hedging triggers hit, and is a time-based strategy better suited to the current rates environment? Axa Investment Managers' Jonathan Crowther, Barnett Waddingham's Sophia Heathcoat, Dalriada Trustees' Simon Cohen, Hymans Robertson's Alen Ong, Law Debenture's David Felder and Standard Life Investments' Mark Foster pick apart the implementation issues for today's LDI investors.
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OpinionShould ESG be a default for DC schemes?
From the blog: As we move further into 2017, everyone is making bold predictions about what the year will hold in terms of pensions.
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OpinionTransfers reform would provide vital clarity
When George Osborne’s freedom and choice reforms were introduced two years ago, some argued that traditional liberation fraud would be all but eliminated as members seeking to convert a defined contribution fund into a lump sum payment could now do so legally.
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Opinion
What changes are needed in LDI strategies?
Where are interest rates going to move over the next few years, and should schemes be worried by signs of rising inflation? Is cash flow the overriding concern? Axa Investment Managers' Jonathan Crowther, Barnett Waddingham's Sophia Heathcoat, Dalriada Trustees' Simon Cohen, Hymans Robertson's Alen Ong, Law Debenture's David Felder and Standard Life Investments' Mark Foster discuss.
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OpinionIn the same boat?
Editorial: As sales of adult incontinence pads in Japan have reportedly overtaken infant nappies, the effects of demographic change have implications beyond supermarkets’ toiletry shelves.
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Opinion
Looking for a silver lining: Focus shifts to housing wealth as pension incomes hit a high
Analysis: Statistics seem to show that pensioners' incomes are now higher than other people's, but experts say there are many facets to the intergenerational fairness question.
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OpinionNolan: Everyone would gain from more DB to DC transfers
I half expected current gilt yields to generate a flood of transfers from guaranteed defined benefit schemes to flexible defined contribution schemes.
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OpinionHow should DB funding be measured?
The industry debate raging over how defined benefit liabilities should be measured recently got a boost when post-Brexit government bond yields plumbed new lows.
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OpinionWill government infrastructure investment crowd out pensions?
With monetary policy reaching its limits, we expect to see a global shift to fiscal policy in coming years. Additional infrastructure spending is increasingly likely – economists suggest it contributes more to economic growth than other fiscal policies.