All Cardano articles – Page 3
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OpinionWhat will LDI adoption look like over the next few years?
Cardano’s Paras Shah discusses scheme adoption of liability-driven investment, and how it may evolve over time.
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Features
Investment consultants could be under microscope for next decade
Analysis: Investment consultants may have escaped the more stringent of the recommendations in the Competition and Markets Authority’s provisional decision earlier this year, but experts have said that the scrutiny of the market is unlikely to end at Christmas.
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FeaturesJLT switch to TDF default sees boost in engagement
An overhaul of the default arrangement in the Jardine Lloyd Thompson Pension Scheme’s defined contribution section, switching from a lifestyle arrangement to target date funds, has brought its more engaged members back from their self-select funds.
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News
FTSE 100 DB risk drops nearly a quarter
The aggregate risk across FTSE 100 defined benefit schemes has fallen to its lowest level in four years, according to research that seeks to integrate covenant and investment risk.
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OpinionWould your portfolio benefit from a hedge fund allocation?
Concerns over performance and value for money have put some institutional investors off hedge funds, but is this justified? Cardano’s Dev Jadeja discusses how trustees can evaluate whether the strategy is right for their scheme.
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OpinionMechanical bulls: the dangers of index capitalism
If the 1980s saw the world move into money manager capitalism, today’s markets are evidence of a new era of index capitalism, whose economic consequences could be severe, write Cardano’s Stefan Lundbergh and the University of Groningen’s Dirk Bezemer and Joeri Schasfoort.
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News
Johnson: With-profits a better alternative to risky CDC
Plans for collective defined contribution schemes are "a risk too far", and savers should instead be offered individual savings pots invested in with-profits funds, according to one of the architects of freedom and choice.
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NewsMandatory tenders welcomed by pensions industry
UK pension schemes will be required to conduct competitive tender processes before hiring their first fiduciary manager, under recommendations set out by the Competition and Markets Authority on Wednesday.
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Opinion
How are target date funds innovating?
Experts have always found it impossible to analyse one without making comparisons with the other. As with footballing greats Lionel Messi and Cristiano Ronaldo, no conversation about the target date fund has ever taken place without mentioning its competitor, the lifestyle fund.
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News
Government sets out proposals for trustee ESG investment duties
Trustees will be expected to publish a statement on how they take account of scheme members’ ethical views, if proposed requirements floated in a government consultation are implemented.
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OpinionUnwinding of QE still threatens Eurozone markets
From the blog: The shifting landscape of Italian politics over the past few weeks is just the latest chapter in a longstanding narrative of political risk and uncertainty that appears to threaten both the eurozone’s economic recovery and the European Central Bank’s monetary policy framework perpetually.
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OpinionCMA investigation: Prepare for positive change
The Competition and Markets Authority’s investigation into the UK’s investment consultants and fiduciary managers, launched last autumn, has the potential to drive seismic change.
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News
FTSE 100 schemes in surplus, but experts warn that risks remain
FTSE 100 pension schemes have reflected a year-end accounting surplus for the first time since the financial crash, according to consultancy LCP, but experts say trustees and sponsors should continue to be prudent in case of potential future market downturns.
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Features
Liquid alternatives: How diversified is your DC default?
Analysis: Defined contribution default funds are facing the unenviable task of constructing diversified portfolios with limited budgets and a requirement for liquidity. Could liquid alternatives help?
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News
Now Pensions default struggles as industry lacks standardisation
Now Pensions has the worst performing default fund of any major defined contribution provider, according to a new report by product review company Defaqto.
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Features
Barnet switches DGFs for property and private equity
The £1.1bn London Borough of Barnet Pension Fund has resolved to cut its 20 per cent allocation to diversified growth funds managed by Schroders and Newton Investment Management.
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Features
Solving consultancy's transparency problem
Analysis: The first findings to be presented by the Competition and Markets Authority show that no one is squeaky clean in the investment consulting and fiduciary management businesses. How can both products become more transparent?
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News
Could airline black box approach take off in the pensions industry?
A Pensions Institute report published on Wednesday has suggested that emulating the airline industry’s black box thinking approach of systematically analysing mistakes could solve many of the problems facing defined benefit schemes.
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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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News
Consultants commit to flagging ESG factors
Sixteen investment consultancy firms have said that they will seek to ensure that pension schemes take into account environmental, social and governance factors where they are financially material.