All Equities articles – Page 16
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News
USS weighs in on active v passive debate
The Universities Superannuation Scheme has extolled the virtues of internal active equity management but criticised external managers for not consistently adding value.
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News
Stock market growth leaves schemes running high equity risk
The equity market boom has left corporate pension schemes running an increasingly high amount of stock market risk, at a time when many are looking to derisk strategically.
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Features
Westminster moves towards global equities to free up managers
The City of Westminster Superannuation Fund has decreased its UK equity holdings in favour of global stocks to give managers greater flexibility and boost performance.
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OpinionEditorial: Such great heights
The S&P 500 crossed that elusive 2,000 level last week, but as the Financial Times reported, it was accompanied by little fanfare. And as if to confirm the hesitation, it has just hovered around the level since.
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News
Saul: convertibles could spread as schemes look to reduce volatility
Saul's outgoing chief executive has predicted that its use of convertible bonds to dampen pension fund volatility could catch on at other schemes, but some advisers remain sceptical of the benefits offered.
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Opinion
Why mechanical derisking is leading to poor-value asset switches
In this week’s Informed Comment, Morgan Stanley’s Joe McDonnell looks at the downsides of a binary growth v matching approach to derisking your scheme’s investments, and suggests an alternative.
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Opinion
Last DB schemes standing: A snapshot of FTSE 100 benefits
Consultancy LCP yesterday released its Accounting for Pensions 2014 report giving an insight into the pension arrangements of some of the country's biggest companies. The report at times paints a bleak picture for defined benefit schemes.
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Opinion
Gardner: How to win by not losing
Talking head: Redington’s Rob Gardner analyses the state of pension funds’ growth assets, arguing that in an environment where many assets look expensive, reward can be found through focusing on reducing downside.
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News
BBC plan sees slight deficit improvement as contributions bed in
The BBC has seen a small improvement in its accounting pension deficit as it embarks upon a 12-year plan of additional contributions to boost its scheme funding.
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News
PPF adds hybrid allocation, trims traditional assets
The Pension Protection Fund has revised its statement of investment principles, trimming its allocation to cash, bonds and equities as it seeks to capitalise on the illiquidity premia of so-called ‘hybrid’ assets.
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OpinionFive takeaways from this year's Pensions Fund Indicators report
Editor's blog: Here are five data lessons for institutional investors from UBS Global Asset Management's Pension Fund Indicators 2014 – from the slowdown in the rush out of equities, to steady growth in fixed income.
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Opinion
LPFA: Illiquids, fees and scale in our investment approach
Talking head: The London Pensions Fund Authority’s director of pensions Mike Allen discusses the “need for positive change” in local government pension funds, and how the LPFA’s approach to growth and matching assets has changed.
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FeaturesCaterpillar trims active equities to fill LDI buffer fund
Caterpillar Pension Plan has cut its active equity exposure and plans to sell out of property as part of a trigger-based derisking strategy to boost its liability-driven investment portfolio.
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Opinion
How to set up your scheme’s derisking strategy
In the latest edition of Technical Comment, Quantum’s Rob Davies explains how to set a derisking strategy that makes well-timed investment decisions that provide good value to the scheme.
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Features
How JPMorgan and RBS give DC members retirement flexibility
JPMorgan and Royal Bank of Scotland are working to offer members of their defined contribution schemes flexibility in how they access their retirement savings, in light of the Budget reforms.
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Features
Islington to build on residential property bet in alts push
Islington Council’s pension fund plans to reduce its allocation to equities and diversify further into alternatives, in a stated desire to gain greater and more stable returns.
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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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Opinion
Why bullish equity markets won’t dent DGF appetite
Insight’s Steve Waddington argues pension schemes will not be lured away from multi-asset funds back to greater equity allocations by stronger market performance, in the latest edition of Informed Comment.
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Features
Avon links up with peers to gain exposure to infrastructure
Avon Pension Fund is looking to invest £150m in infrastructure, in conjunction with other local authority funds.
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News
Schemes up proxy matching assets to avoid low-yield bonds
Schemes are seeking proxies for traditional matching assets, investment data have shown, as low yields in fixed income make some investors reticent about implementing liability-driven investment strategies.