The Shipbuilding Industries Pension Scheme plans to boost its property allocation to around a tenth of its overall portfolio in its hunt for diversification, capital preservation and income.
Latest blog: The unleashing of €60bn (£45bn) a month of quantitative easing by the European Central Bank last week could mark trouble ahead for UK pension schemes, as greater demand for gilts pushes yields ever lower and liabilities higher.
The UK’s largest pension funds have put pressure on fund managers to make the case for their responsible investment strategies, publishing a guide intended to “break down the information barriers” between schemes and managers.
The chief of the London Pensions Fund Authority has said the £500m tie-up with the Greater Manchester Pension Fund, announced last week, will consider “infrastructure in a broad definition”.
As oil prices fall below $50 (£33) a barrel, investment experts have urged pension schemes to seize the opportunity to hedge their liabilities against inflation and heed the impact on their commodity markets exposure.
Legal experts have reported an increase in pension schemes planning to reduce their liabilities by changing their rules to allow partial transfer of members' pure defined benefit assets into defined contribution arrangements.
Comment & Analysis
Once again, the country’s leading pension funds have stood up for responsible investment, and pressure is building on asset managers to be more forthcoming in their reporting on the matter.
Talking head: Pensions minister Steve Webb makes his case for phasing-in automatic transfers with an opt-in process for pot-follows-member, and details the government's next steps.
Many industry commentators have answered this question with a resounding 'no'. Hogan Lovells' Nicola Rondel makes the argument for a qualified 'yes'.
Video: Jonathan Lipkin, director of public policy at the Investment Management Association, says that it is not up to investment managers to take the overall responsibility for ensuring charges are below the 0.75 per cent cap effective from April (5:48).
Video: Independent pensions expert and the government's older workers champion Ros Altmann discusses the Budget changes and the chancellor's further pensions tax announcements (4:18).
Video: The Pension Protection Fund's John St Hill, M&G's William Nicoll and Hymans Robertson's Carl Hitchman discuss fixed income challenges, and how schemes can prepare for the end of the low-rate era (6:00).
The DC Debate
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