All Derisking articles – Page 22
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OpinionEditorial: Derisked out of pocket
The trend away from equities is inevitable for many schemes, making it a matter of when, not if, they increase their bond holdings to reduce risk and cover a maturing membership.
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News
Managers boost pre-retirement risk to match DC flexibility
Providers are revising products offered to defined contribution pension scheme members to incorporate greater risk in the decumulation phase, as a result of the greater flexibility afforded by the Budget.
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NewsBattle to plug deficits continues as FTSE 100 see £8bn deterioration
The total pension deficit of FTSE 100 defined benefit schemes worsened by an estimated £8bn, bringing the total to £57bn at the end of 2013, according to research, but experts maintain larger schemes are managing their risk exposures effectively.
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News
PPF plots future £4.4m saving from taking member services in-house
The Pension Protection Fund plans to make savings of around £4.4m a year by bringing its member services in-house, the pensions lifeboat’s three-year strategic plan has revealed.
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Features
Hampshire funding level jumps after sticking with heavy equity weighting
Hampshire Pension Fund has benefited from keeping its faith in equities, seeing its funding level increase by 8 percentage points over three years as a result of strong investment returns and additional employer contributions.
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News
Surrey looks to lock in gains as funding level rises
Surrey County Council Pension Fund is exploring derisking strategies after its assets made further gains against liabilities since its 2013 triennial valuation.
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News
Consultants expect DC flexibility to drive DB member transfers
Defined benefit schemes could see a short-term increase in requests from members to switch their benefits into defined contribution schemes, due to potential government plans to restrict such transfers, benefit consultants have predicted.
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FeaturesMineworkers scheme extends cash buffer to battle rising longevity
The Mineworkers Pension Scheme has secured a 10-year extension to the repayment deadline of its government-backed investment reserve, as it works to manage increased longevity among scheme members.
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FeaturesStrathclyde rebalances bond portfolio in drive for greater returns
Strathclyde Pension Fund has decreased its allocation to corporate bonds in favour of a wider absolute return bond strategy, to rebalance its portfolio as spreads tighten.
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Opinion
Risk Transfer Index: March 2014
Data analysis: Equity market performance and gilt stability could make it better value for schemes to lock in any funding gains, according to market commentators.
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News
Multi-asset exposure surges as schemes focus on volatility
The proportion of pension schemes with multi-asset fund exposure has risen to 83 per cent, up from 70 per cent just six months ago, as schemes look to control volatility and mitigate macroeconomic risk.
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NewsBP fund moves to guard against covenant risk
BP Pension Scheme has formalised a derisking framework with its sponsor to dampen covenant, asset value and investment risks, delegates at the National Association of Pension Funds’ investment conference 2014 heard last week.
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OpinionEditorial: Care for a slice?
There has been a "resurgence of activity" in the pension increase exchange market, we read this week. Is that a good thing for members?
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Opinion
How to build your risk committee
As more defined benefit schemes follow a derisking plan towards their end point, monitoring and managing risk grows ever more important.
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FeaturesLiability-driven investment: assets, strategies, innovation
A panel of experts debate the increased use of liability-driven investment in the UK, whether there is any alternative to gilt investment, and where innovation is coming from, in this four-part discussion.
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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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News
Bulk annuity growth could tackle competition gap
New analysis: More insurers are expected to join the bulk annuities market to meet growing demand from pension funds, after concerns were raised over competition in the sector.
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OpinionEditorial: Wisdom (outside) of the crowd
Consensus can sometimes feel like the wind that blows this industry along, carrying the latest products from scheme to scheme as managers try to meet common challenges.
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Opinion
Why buy-ins/buyouts are not always the right answer
Bulk annuity contracts such as buy-ins can actually increase a pension scheme’s overall risk, argues Mercer’s Andrew Ward, who looks at the alternatives to these deals in the latest Informed Comment.
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OpinionEditorial: Time to cash out?
The strengthening equity market, mixed with higher gilt yields, is giving pension scheme investors a tough decision on whether and when to derisk.