All Gilts articles – Page 11
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News
BT ups inflation-linked assets in continuing shift
BT Pension Scheme has again boosted its inflation-linked assets, moving towards a targeted allocation of almost a third of its portfolio, while investment experts have cautioned schemes may be paying a premium for protection.
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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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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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Features
Pearl ups corporate bonds to manage rate risks
Pearl Group Staff Pension Scheme has increased its allocation to corporate bonds and reduced investment in growth assets to lower its exposure to fluctuations in the market.
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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
Scheme grabs chance to hedge inflation risk
Marsh & McLennan Companies UK Pension Fund has increased its interest and inflation rate hedge for its defined benefit scheme, to help protect its funding position against fluctuations in rates.
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NewsGilt investment reaches post-crisis peak at £22bn
Schemes have ramped up their investment in gilts and index-linked gilts over the past couple of years in an attempt to shore up their pension promises, data from the Office for National Statistics have shown.
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Opinion
Infrastructure debt: the long-term alternative?
Infrastructure debt funds could be the new bond class, offering pension schemes long-term maturity but with potentially higher yields, finds this feature from our The Specialist investment series.
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Opinion
10 years of LDI – how it can benefit your scheme
While the idea that pension fund cash flows could be matched by bonds is not itself new, the explosion of credit markets has created new instruments with which we can build even more precise hedges.
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Features
Telereal dumps gilts for EMD in hunt for performance
Turbulence in the developed debt market has shown even the largest economies are no longer secure. George Coats finds a scheme with a radical approach to achieving outperformance.
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Features
Survey: Schemes favour active management for fixed income
A surprising number of schemes are fans of an active management approach to fixed income. David Rowley quizzed schemes and trustees on why this is so.
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Features
Survey: Schemes get more sophisticated on fixed income
Forty-four leading schemes and trustees were asked to what extent their attitudes to fixed income have changed since 2008. Here are their responses.
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FeaturesSchemes warned to keep an eye on illiquid assets
Schemes such as British Coal are closely managing their liquidity risk to ensure they are not locking away too much cash in hard-to-sell investments such as private equity and infrastructure.
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Features
Survey: Schemes shun traditional fixed income assets
In our second feature revealing the survey insights of 44 leading schemes and trustees, Owen Walker hears their two-year plan for fixed income investing.
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Features
Schemes turn their backs on traditional assets
Schemes reveal their reappraisal of the risk-reward characteristics of assets and how they have adjusted their portfolios, in the second instalment of the Intelligent Thinking survey.
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Features
Insurers deliver flexible derisking payment plans
Schemes looking to take advantage of the current favourable pricing in the derisking market have been offered a range of flexible payment options by insurers.
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Features
Schemes warned of pitfalls in approaching buyout
Schemes looking to take advantage of the current attractive pricing in the derisking market are advised to improve their governance structure to get the best deal.
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Features
How to squeeze value out of your passive mandates
Schemes are being encouraged to seek alternatives to cap-weighted indices in their passive investment mandates in order to achieve higher returns.
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Features
Consultant survey: Fixed income reappraised post-2008
In the first of four special reports, we look at how the UK’s leading investment consultants have changed their views of fixed income since the financial crisis.