The role of equities is changing in scheme's portfolios. Goodhart Partners' Alan Barlett, Hymans Robertson's Andy Green, JLT's Kieran Harkin, KPMG's Jon Exley and M&G's Aled Smith discuss where value in the asset class can be found.
Industry reaction to £85bn active-passive LGPS shake-up
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May 2, 2014
The Department for Communities and Local Government has proposed that £85bn held by the 89 local authority pension funds should be moved into a single passive investment vehicle, triggering immediate reaction from consultants and schemes.
The government response to its call for evidence on how local government schemes could create cost savings and realise economies of scale has focused on creating passive common investment vehicles for equities and another for alternative assets.
This has picked up on a wider trend in local government pension schemes, with Shropshire County Pension Fund in September becoming the latest to up passive management to reduce its fees.
Early reaction came in from industry members including the Centre for Policy Studies' Michael Johnson and London Pensions Fund Authority chief executive Susan Martin, with some hailing it as a "defining moment" for the LGPS.
Risk Transfer Index: April 2014
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April 22, 2014
Data analysis: The affordability of full buyouts fell back during March, while the relative value of insuring pension liabilities improved, as gilt returns saw a slight increase.
sponsored by
Pension Insurance Corporation
Which schemes are suited to a multi-asset credit approach?
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April 22, 2014
Pan Trustees' Andrew Cheeseman, Towers Watson's Ed Britton, M&G's Richard Ryan, Aviva Investors' Dan James, GSAM's Jeremy Cave and PiRho's Nicola Ralston discuss how larger and smaller schemes could construct a multi-asset credit portfolio.
sponsored by
Aviva Investors, Goldman Sachs Asset Management, M&G Investments
How is the role of fixed income changing?
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April 22, 2014
Fixed income is no longer simply a matching or diversifying asset for pension schemes. Pan Trustees' Andrew Cheeseman, Towers Watson's Ed Britton, M&G's Richard Ryan, Aviva Investors' Dan James, GSAM's Jeremy Cave and PiRho's Nicola Ralston look at how its role has changed.
sponsored by
Aviva Investors, Goldman Sachs Asset Management, M&G Investments
Are schemes' liquidity requirements changing in fixed income?
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April 22, 2014
Pan Trustees' Andrew Cheeseman, Towers Watson's Ed Britton, M&G's Richard Ryan, Aviva Investors' Dan James, GSAM's Jeremy Cave and PiRho's Nicola Ralston discuss how important liquidity is to pension schemes' fixed income portfolios.
sponsored by
Aviva Investors, Goldman Sachs Asset Management, M&G Investments
Fixed income: liquidity, multi-credit and performance
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April 22, 2014
A panel of experts debate the potential and limitations of multi-asset credit, and how fixed income assets are performing, as well as their risks for pension schemes, in this four-part roundtable.
sponsored by
Aviva Investors, Goldman Sachs Asset Management, M&G Investments
Pension and Investment Provider Awards 2014: the shortlists
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April 8, 2014
Pensions Expert can reveal the companies shortlisted for the 15th annual Pension and Investment Provider Awards. The winners will be announced on May 21 at the Sheraton Park Lane Hotel.
How do you approach LDI with schemes that do not already have it in place?
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March 24, 2014
Barker Tatham's Steve Barker, PTL's Richard Butcher, Spence's Marian Elliott, Legal & General Investment Management's Laura Brown, Axa Investment Managers' Jonathan Crowther and Redington's Dan Mikulskis discuss schemes' first steps in the market.
sponsored by
Axa Investment Managers, Legal & General Investment Management
Liability-driven investment: assets, strategies, innovation
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March 24, 2014
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.
sponsored by
Axa Investment Management, Legal & General Investment Management