All inflation articles – Page 14
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News
Inflation hedging on the rise with smaller scheme LDI
Inflation hedging activity saw a jump towards the end of last year as medium-sized schemes took advantage of favourable pricing, ahead of further inflation falls.
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Opinion
Five objectives and five risks for DC
Before the 2014 Budget, investment objectives for defined contribution schemes were relatively straightforward.
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Features
Diageo tips into matching assets after hitting trigger
Diageo Pension Scheme has switched 5 per cent of its assets from its growth to its matching portfolio after hitting a derisking trigger, tipping its investment balance towards holdings that track liabilities.
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NewsHow your scheme could benefit from the Arcadia CPI judgment
Employers have been encouraged to assess whether they can switch from the retail prices index to the consumer price index to reduce their liabilities, after a High Court ruling last week.
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Features
Barking and Dagenham plans social housing investment to hedge inflation
The London Borough of Barking and Dagenham Pension Fund plans to invest around £25m in social housing in order to hedge against inflation and diversify away from traditional 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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News
Daily Mail grabs alternative inflation linkage in place of pricey gilts
The Daily Mail and General Trust pension fund has used alternative assets to provide inflation linkage, after demand and monetary policy drove up the cost of using gilts to mitigate inflation risk.
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News
Buy-in market predicted to reach new heights
The amount of scheme liabilities underwritten by insurers is expected to reach a record high this year as buy-ins become more affordable and scheme confidence grows, derisking consultants have said.
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Features
BAA picks long-lease property as schemes hunt inflation linkage
BAA Pension Scheme has allocated £100m to long-lease property, as defined benefit schemes continue to invest in the asset class to act as a long-dated inflation hedge, consultants have said.
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News
Careful asset selection urged in secondary property as inflows mount
Investment experts have warned about the importance of careful selection when investing in second tier-property, as schemes increase allocations to the sub-asset class.
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Features
Branching out to hedge against inflation rises
Clwyd Pension Fund has allocated 2 per cent of its assets to timberland and agriculture, attracted by the chance to earn higher returns and hedge against a rise in inflation.
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News
Schemes face LDI rethink to meet Emir collateral demands
Industry experts have warned that schemes using liability-driven investment strategies may face higher costs and additional risks when the European Market Infrastructure Regulation’s collateral diversity requirements come into force.
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News
Synthetic equities see interest as schemes look for creative ways to derisk
Defined benefit schemes are showing interest in synthetic equity strategies in order to move cash from growth portfolios to liability-matching strategies in an effort to shore up funding levels.
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Opinion
How to build your risk committee
As more defined benefit schemes follow a derisking plan towards their end point, monitoring and managing risk grows ever more important.
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NewsEmployers consider RPI/CPI switch as gap widens
Consultants have reported more employers trying to overcome the difficulties of switching from using the retail price index to the consumer price index to reduce scheme liabilities as the gap between the two measures widens.
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Opinion
The crucial risk factors influencing your hedging decision
Interest rates are anchored at extremely low levels, reflecting monetary easing measures undertaken by central banks globally.
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News
United Utilities ups interest rate hedge after hitting trigger
United Utilities has increased interest rate hedging in its defined benefit schemes in order to reduce risk, working towards its target of full protection against interest and inflation rate fluctuations.
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Opinion
Top five challenges facing DB schemes
The NAPF’s 2013 annual survey showed 12 per cent of private sector defined benefit schemes remained open to new members.
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Opinion
Is your scheme prepared for a deflation hit?
Threadneedle’s Leigh Harrison explores the prospect of deflation in global economies and what the impact would be on schemes, in this edition of Informed Comment.
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News
Inflation drop should not deter hedging, experts warn
News analysis: Schemes have been warned they need to protect themselves against fluctuations in inflation despite rates falling to the Bank of England’s target level.