Tesco chooses cash flow matching over strategic asset allocation

FT Investment Management Summit: Tesco Pension Fund has moved away from strategic asset allocations towards a risk-based investment strategy, which allows the scheme to get the right mix of assets to meet future cash flows. 

Somerset and Devon tighten shared admin strategy to boost employer comms

Somerset County Council Pension Fund and Devon County Council Fund will establish a formal administration strategy in order to improve communication between the schemes and its participating employers.

Three in four DB schemes sizing up post-Budget incentive exercises

Benefit consultants have reported that as many as three-quarters of their defined benefit scheme clients are considering incentive exercises to reduce their risks following the introduction of the Budget freedoms.

Corporate schemes catching public sector on infra

Corporate schemes are catching up with their public sector counterparts in accessing the illiquidity premium of infrastructure investments, taking an increasing share of a growing asset class.

Channel 4 looks to shut off DB accrual to quell deficit increase

Channel 4 plans to close its defined benefit pension scheme after its deficit more than tripled, having paused its consultation to give members a chance to understand the personal impact of the changes.

Stock market growth leaves schemes running high equity risk

The equity market boom has left corporate pension schemes running an increasingly high amount of stock market risk, at a time when many are looking to derisk strategically.

Comment & Analysis

Regulator: the AE capacity crunch has not materialised

Talking head: The Pensions Regulator's Charles Counsell argues that the anticipated capacity crunch for auto-enrolment did not materialise, but non-compliance is expected to rise.

Four steps to a targeted, practical covenant review

In the latest edition of Technical Comment, Spence's Marian Elliott runs through four steps that schemes can take to achieve a successful employer covenant review.

Editorial: Into the unknown?

Split down the middle...

The prospect of Scottish independence has moved in the past week from an interesting theoretical question to a huge potential headache.

Video

PPF: Levy will only drop if funding outstrips targets

Policymakers – PPF

Video:  The Pension Protection Fund's chair Lady Barbara Judge and chief investment officer Barry Kenneth discuss the challenges facing the UK pensions lifeboat, including the levy and the regulation facing its derivatives investments (7:11).

The Review: Are schemes choosing smart beta over hedge funds?

PE Review 050814 Sheikh and Das button RESIZED

Video: Redington's Aniket Das and Fulcrum Asset Management's Suhail Shaikh discuss scheme interest in smart beta multi-asset investments and the pros and cons of the strategy as a hedge fund alternative (5:38).

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