All Bank of England articles – Page 7
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OpinionEditorial: Inside the control room
The confirmation last week that we’ve hit a patch of ‘noflation’ – expected to become deflation from this month – did not come as a surprise to many.
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OpinionHow current thinking on interest rates affects DB hedging levels
Henderson’s Kevin Adams discusses the cost of hedging, a possible rise in yields and what could bring about an increased supply of gilts from the Bank of England.
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Opinion
So, what should pension funds expect from a BoE rate rise?
Editor's comment: The answer may not be as simple as higher rates mean a better times for UK schemes. But it cannot be much worse than the pain of the past few years.
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News
Interest rate uncertainty a concern for employer covenants
Interest rate rises could have a negative effect on covenant strength as some companies are forced to refinance at higher rates, advisers have said, and trustees should keep a watching brief to mitigate any resultant impact on their sponsors' ability to pay scheme contributions.
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NewsReturning volatility could threaten illiquid fixed income holdings, experts say
Pension scheme investors holding illiquid fixed income assets should beware the effects should increased volatility in global financial markets return, bond experts have urged.
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NewsGilt yield falls confound expectations and depress funding
Investment advisers have been taken by surprise by the recent drop in government bond yields which have inflated schemes’ liabilities and delayed derisking strategies.
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Opinion
How QE has harmed UK pensions
Talking head: Industry expert Ros Altmann explains how the Bank of England’s quantitative easing programme damaged DB and DC benefits.
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NewsEmployers consider RPI/CPI switch as gap widens
Consultants have reported more employers trying to overcome the difficulties of switching from using the retail price index to the consumer price index to reduce scheme liabilities as the gap between the two measures widens.
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Opinion
Why uncertainty will typify markets this year
Talking head: Our investment columnist Rob Gardner explains the ambiguous state of the markets this year, and how schemes can progress in the face of it.
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Opinion
Riding out the taper: how the Fed’s policies affect your scheme
Yields are rising as central banks look to extricate themselves from the markets, but 2014 may not be that simple.
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News
Schemes grab chance to fireproof against inflation
Nearly half of pension fund trustees have incorporated longevity or swap contracts to tackle inflation risk, an upcoming survey will show, having benefited from favourable pricing last year to boost protection.
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Opinion
Editorial: Don’t bank on inflationary cure
Mervyn King was hoping to give people something to smile about in his final economic forecast as the governor of the Bank of England – the kind of understated smile that only slightly stronger-than-expected growth and slightly lower-than-expected inflation can bring out.
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Opinion
How real assets fit into your inflation battle
With bond-like income and growth potential, how can real assets can help control inflation-linked benefits? The supplement’s big story looks at how schemes are managing this key risk.