All Derisking articles – Page 23
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FeaturesManagers’ examples on reducing risks from 2013
Year in review: Pension managers and trustees took a variety of measures to protect their members’ benefits, Pensions Week reported over the past year, from more efficient administration software to covenant safeguards.
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NewsImproved funding levels set off derisking triggers
Four in 10 schemes hit derisking triggers in the year to September as funding levels recovered and institutional investors looked to take risk off the table.
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Features
How Carillion managed 'year-long' longevity swap project
Carillion improved its governance and data to ensure a good deal on its £1bn longevity swap, as it sought to hedge greater-than-anticipated life expectancy among members of its defined benefit schemes.
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News
Investors on the hunt for asset performance
2014 preview: Next year will provide defined benefit schemes more derisking opportunities, while defined contribution schemes may need to diversify further during their growth phase, investment experts have predicted.
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OpinionDerisking: timing, governance and value
A panel of experts debate the optimum timing, governance arrangements and how to secure value in derisking deals, in this four-part discussion.
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Opinion
How to get value on your derisking deal
Our panel – Rothesay Life’s Myles Pink, Spence’s Marian Elliott, Capita Employee Benefits’ Julie Stothard, the AMNT’s Robin Bell and PTL’s Kim Nash – debate the best decision-making structure for derisking.
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Opinion
Derisking collaboration between schemes and employers
JLT’s Allan Lindsay, Buck Consultants’ Ciarán Mulligan, Capital Cranfield’s Jonathan Reynolds and Invesco’s Georgina Taylor discuss how investors interpret multi-asset strategies, in part one of PW’s multi-asset investment roundtable.
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NewsSchemes take more holistic approach to risk management
News analysis: More schemes are taking an integrated approach to investment, covenant and funding in their risk management planning, but there is still a disconnect between schemes’ investment strategy and valuation process, according to research.
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FeaturesWhen is the right time for schemes to derisk?
Rothesay Life's Myles Pink, Spence and Partners' Marian Elliott, Capita's Julie Stothard, the AMNT's Robin Bell and PTL's Kim Nash discuss getting the timing right for derisking – and how to go about it.
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NewsDiageo reduces equity hedge funds in strategy shift
Diageo Pension Scheme has reduced its exposure to equity-based hedge funds and increased allocation to other hedge fund strategies alongside its overall derisking framework.
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News
FDs urged to collaborate with trustees on DB deficits
Finance directors are making a “big mistake” if they think they can get defined benefit liabilities off their balance sheets without collaboration with trustees, a scheme manager told delegates at the 2013 NAPF conference.
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News
The Pensions Trust eyes alternative hedging assets
The Pensions Trust has said it aims to have 20 per cent of its liabilities hedged by March 2014, as it works to build a portfolio of alternative, good-value, matching assets that will better hedge liabilities.
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Opinion
Why bulk derisking is the answer for almost all schemes
Towers Watson’s Ian Aley argues “almost every pension scheme” would benefit from buy-in or buyout, and explains how to take advantage of the current funding climate, in the latest Informed Comment.
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Features
Rexam funding peak triggers risk reduction
Rexam Pension Plan took advantage of a brief funding peak earlier this year to increase its inflation hedging and insure against equity losses, as more schemes implement trigger-based derisking strategies.
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NewsInvestment peaks as schemes buy cheaper gilts
News analysis: UK pension funds hit a record of £17bn of net investments during the second quarter, largely as a result of schemes taking advantage of lower bond prices, according to data from the Office for National Statistics.
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News
How competition affects derisking opportunities
News analysis: Reduced competition in the derisking market could limit value for schemes despite opportunities from rising gilt yields, Leadership summit delegates heard, while other market experts defended prices.
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News
BofA scheme boosts member engagement to give greater retirement certainty
Bank of America Merrill Lynch UK Pension Plan has upped member engagement through online tools that enable workers to make changes to their pension plans, to give them greater certainty over their retirement income.
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News
YMCA launches derisking strategy to improve funding level
YMCA Pension Plan has launched a derisking strategy to match “more closely” its allocation approach and liability profile, and has appointed a delegated manager to oversee nearly all of its portfolio.
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Opinion
Editorial: Bringing pensions into the information age
The 21 century has been deemed the information or digital age. It is thought we are now exposed to as much data in a single day as someone in the 15 century was exposed to in an entire lifetime.
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News
Poor data impeding derisking plans for smaller schemes
News analysis:Industry experts have said schemes with poor-quality information should not be put off derisking, following recent research showing many funds feel stifled by inadequate data.