The low oil price affects scheme investments but trustees should not panic, explains professional trustee company Capital Cranfield's Jonathan Reynolds.

From the blog: Changes in interest rates, and more specifically bond yields, can have profound influences on defined benefit and defined contribution schemes, so it is important trustees understand how they work.

Trustees may have seen both sides of low gilt yields, a significant increase in their defined benefit liabilities and excellent returns on fixed income and certain liability-driven investment portfolios.

Both DB and DC schemes have similar investment concerns in that rising yields will see falling capital values.

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