All inflation articles – Page 13
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OpinionWhat a move to CPIH could mean for UK pension schemes
Analysis: A letter from the Office for National Statistics recently cast ripples of doubt over the future shape of UK consumer inflation statistics; a move to consumer price inflation including housing, or even a household inflation index could have far-reaching effects on UK pension fund benefits and liabilities.
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News
LGPS to meet cost of GMP inflation proofing
A quirk in regulation could leave the Local Government Pension Scheme and several other public sector arrangements responsible for meeting the costs of inflation-proofing the benefits of members retiring between April 2016 and December 2018.
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Opinion
A year of many firsts lies ahead
Editorial: Happy new year! It started with a bang – a stock market slump, circuit breakers suspending trading in China, China suspending the circuit breakers, and the FTSE falling sharply on Monday and Thursday last week.
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OpinionWhat difference can switching to CPI make?
What difference does a percentage point in inflation make? The difference between a deficit and no deficit, argues Broadstone’s John Broome Saunders, who compares the RPI and CPI measures.
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OpinionAnd now for the weather…
From the blog: I described in a previous blog a game of epic procrastination that pension schemes like to play: Not Today, Tomorrow Better!
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NewsHow consumer behaviour is changing schemes’ property portfolios
News Analysis: The evolving habits of UK consumers have compressed yields across the retail property sector over recent years, but experts say there are still attractive opportunities for pension fund investors searching for returns.
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Opinion
Aligning admin systems in the pre and post-retirement worlds
Managing the risks associated with post-retirement investment is a tricky business. Data specialist Veratta’s Tom Nimmo explains how administration plays a key part in getting it right.
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News
Developed markets show strength as hunt for yield changes course
NAPF 2015: Disappointing economic recovery, low inflation and rock-bottom interest rates but rising asset markets are what pension funds can expect over the coming years, JPMorgan’s chief market strategist for the UK and Europe Stephanie Flanders said at the NAPF Annual Conference 2015 on Wednesday.
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Opinion
The butterfly effect – How to take cover and control
Chinese equity shocks captured the headlines over the summer but UK pension funds should equip themselves for a deeper period of entrenched low-growth.
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NewsChurch of England targets US private loans in bid to divine 7% returns
The Church of England Pensions Board is “on the cusp” of making an allocation to private credit in the USA, as it seeks returns uncorrelated to equities.
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OpinionRising rates: Hope for the best, plan for the worst – don’t press pause
Trustees have been blighted by low interest rates since 2008 and uncertainty about possible rises continues to make it hard to plan. LCP’s Phil Boyle says schemes can still manage this risk.
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NewsKingfisher locks in gains as funding hits triggers
Kingfisher pension scheme has continued to progress towards its 2030 buyout target with a £150m shift from return-seeking to matching assets after tipping into surplus.
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OpinionEditorial: Pass the cashish, it's time to get creative
No festival is complete without music. As I loitered at the fringes of a marquee, in Wednesday’s sweltering heat, sounds from nearby speakers streamed an eclectic mix of hillbilly country and Mexican mariachi as I watched the panel discussion on foreign exchange.
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News
DB schemes face crunch on index-linked corporate debt
A tightening in the supply of index-linked US corporate bonds may lead to UK pension schemes facing increased difficulty when derisking their portfolios, industry experts have said.
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Opinion
How DB and DC funds can outsmart prolonged low yields
With no sign of a rise in bond yields on the horizon, PIMCO’s Mike Amey explores fixed income options for DB and DC schemes.
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News
Schemes explore niche assets for uncorrelated income streams
Interest in shipping as an asset class is growing among UK pension schemes, say some investment experts, as schemes look to diversify into real assets and niche investments.
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OpinionEditorial: Inside the control room
The confirmation last week that we’ve hit a patch of ‘noflation’ – expected to become deflation from this month – did not come as a surprise to many.
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OpinionHow current thinking on interest rates affects DB hedging levels
Henderson’s Kevin Adams discusses the cost of hedging, a possible rise in yields and what could bring about an increased supply of gilts from the Bank of England.
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News
Deficit quadruples for Johnson Service scheme
Johnson Service Group has seen its defined benefit scheme deficit more than quadruple after a reduction to the discount rate and the closure of the scheme to future accrual.
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Features
How will LDI portfolios withstand current inflation falls and low yields?
Aviva Investors' Mark Versey, Legal & General Investment Management's Laura Brown, KPMG's Simeon Willis, AMNT committee member and Lend Lease Pension Scheme trustee, Alan Gander, Pan Trustees' Mike Roberts, Buck Consultants at Xerox's Celene Lee and State Street Global Advisors' Howard Kearns, debate whether now is a good time to embark on a liability-driven investment strategy, in the first of a four-part discussion.