All bonds articles – Page 4
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News
Pensions experts predict RPI limbo for years to come
Experts have condemned delays in publishing a long-awaited consultation on reforms to the retail price index, since its outcome could radically alter the fortunes of pension funds and pensioners.
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OpinionIs there a future for equities in DB?
Data Crunch: Corporate defined benefit schemes have been shifting allocations away from equities as a means of reducing funding volatility and focusing on assets that can deliver contractual cash flows.
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News
FTSE 350 deficit up to £51bn as political and financial turmoil ahead
On the go: FTSE 350 companies saw their pension deficit grow in July, from £48bn at the end of June to £51bn by the end of July, a £3bn increase. Funding levels were unchanged over the month at 94 per cent, according to Mercer.
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OpinionRefinancing pension debt – an underutilised option?
In a market crying out for high-quality corporate debt it is surprising that more corporates are not seizing the opportunity to refinance pension debt with more conventional financial debt, argues Penfida’s Paul Jameson.
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News
Worcestershire puts JPMorgan AM back on watch
The Worcestershire County Council Pension Fund has placed JPMorgan Asset Management “on watch” for the continued underperformance of its emerging markets equities mandate, just six months after removing its added scrutiny of the manager.
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OpinionDo not be afraid to say no to weakening covenants in credit
As structural protections on offer to credit investors weaken in several European markets, M&G’s Annabel Gillard argues that a good manager is one who is not afraid to hold dry powder when risks are unrewarded.
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OpinionHow will the ageing population affect markets?
Of all the forces set to reshape the investment landscape over the coming decades, one stands above all others – the ageing of the world population.
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Opinion
DC Debate Q3: Updating asset allocations
In the second part of this quarter’s debate, our five DC professionals look beyond the traditional bond and equity portfolio to consider issues including diversified growth funds, alternatives and ESG.
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NewsFTSE 100 steps up derisking drive as deficits shrink
Defined benefit schemes of FTSE 100 employers continue to derisk investment portfolios at a rapid rate, despite mismatching of assets and liabilities generating attractive returns over the last year.
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OpinionWhat does value for money in a DC default look like?
There is a worrying lack of consensus in the DC default market around investment strategy and risk. Hymans Robertson’s Rona Train says outcome-focused trustees and independent governance committees will conclude that younger members can tolerate risk, while older members can pay for protection.
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Opinion
Market Outlook 2018: Storms in the distance?
For a bull run that has been thought of as the most hated in history, the years since the global financial crisis have been kind to pension scheme asset values.
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Features
Is it time to return to equities?
Analysis: Investors are the most overweight in equities relative to government bonds since August 2014. Might pension schemes share in this bullish outlook on equities?
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FeaturesOxford University Press scheme invests in stressed debt
Trustees of the Oxford University Press Group Pension Scheme have made a new allocation to stressed debt, an asset class that is best suited to "fleet of foot" pension funds, experts say.
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OpinionShould schemes be concerned about the Chinese debt bubble?
Despite concerns over China’s debt mountain, investors should overcome their fears and take a fresh look at Chinese bonds, says Ashmore’s Jan Dehn.
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Features
Imperial Tobacco fund sharpens returns focus
The Imperial Tobacco Pension Fund has cut its exposure to shares and corporate bonds in favour of alternative asset classes, with a view to increasing the scheme’s sources of return and reducing reliance on equities.
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NewsHenderson agrees recovery plan after funding fall
Investment manager Henderson Group has agreed a recovery plan with its trustees after its defined benefit scheme fell out of surplus at the latest triennial valuation.
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OpinionInvesting in a Trump era: Calm with risk of storm
As the world waits to see what the newly minted president of the United States of America will do next, Pictet Asset Management’s head of multi-asset Percival Stanion looks at what pension schemes should be keeping in mind.
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OpinionIs liability-driven investment facing a backlash?
Last year the seemingly unstoppable march of liability-driven investment seemed to falter a little, with numerous articles querying the charges associated with implementing strategies. BlackRock’s Vivek Paul takes stock.
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OpinionWhy US high yield looks attractive
From the blog: Corporate bonds issued by companies perceived to be under financial stress are currently trading at very low prices. This could be an attractive investment opportunity.
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NewsFCA scheme becomes latest to benefit from discount rate move
The Financial Conduct Authority Pension Plan has become the latest in a series of schemes to announce an improvement in its financial position arising from an increase in the discount rate.