A round-up of this week's pension stories from across the FT Group, from Swiss pension schemes en route to bankruptcy, to a cash raid on local councils by the Greek government.
From the blog: The future for final salary pension provision looks bleak. So goes the rhetoric: benefit rules, tax changes, EU legislation, the Pension Protection Fund levy, accounting rules and more – each has been blamed for increasing costs and hammering that final nail in the defined benefit coffin.
Yet significant legacy liabilities remain and need to be proactively managed. Many schemes still stand, proudly embracing this challenge, and the trailblazers of these new frontiers are often the big schemes.
As pensioners become an increasing proportion of a scheme’s membership, there is a trend to move away from growth assets (such as equities) and into those which better match pension payments.
Big schemes are no exception....
A round-up of this week's pension stories from across the FT Group, from Ocers dumping Pimco's Total Return bond fund, to the IMF rejecting a Greek plea for debt rescheduling.
Pensions Expert can reveal the organisations shortlisted for the 16th annual Pension and Investment Provider Awards. The winners will be announced on May 20 at the Sheraton Park Lane Hotel in London.
Have you made the shortlist?
Blog: There are growing signs pension schemes are on the verge of a significant shift in their investment approaches, with ramifications beyond the current period.
We recently surveyed 169 of our largest institutional clients – representing £8tn in assets, a majority of which were pension schemes – about their asset allocation intentions for 2015.
As a result, the majority of respondents are planning to rebalance their portfolios in the next 12 months to include more alternative investments and non-traditional fixed income strategies that seek to provide returns across varying market conditions.
A round-up of this week's pension stories from across the FT group, from the Swiss government selling 10-year debt at negative yields, to a surge in demand from schemes for private debt.
Blog: What observations can we make as fiduciary management in the UK gets ready to take off its training wheels, with early adopters having racked up a few years' experience and an ever-increasing acceptance of the model among UK pension plans?
The early experience of fiduciary management has been by and large very favourable.
The training wheels of fiduciary management represent improving a pension fund’s investment strategy: primarily reducing risk by hedging interest rate risk and putting further derisking triggers in place.
If the success of fiduciary management is largely attributable to improving investment strategy, how will it in future?
And how will it fare when it has to deliver what is says on the tin – ie to manage assets?
A round-up of this week's pension stories from across the FT group, from retirees' data falling into the hands of pension scammers, to a Canadian pension fund buying a stake in the UK's busiest ports.
Video: What unknowns remain on the cusp of April 6? National Association of Pension Funds' DC policy lead Richard Wilson, and partner at consultancy LCP Andy Cheseldine discuss what is left to do and how to manage expectations (5:36).
Seven liability-driven investment experts discuss the strengths and challenges with the investment strategy and ask how it can benefit today's pension schemes.