All inflation articles – Page 15
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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
Talking head: The NAPF’s Ruth Meade traces the five biggest challenges facing defined benefit pension schemes this year.
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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.
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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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Features
Rexam funding peak triggers risk reduction
Rexam Pension Plan took advantage of a brief funding peak earlier this year to increase its inflation hedging and insure against equity losses, as more schemes implement trigger-based derisking strategies.
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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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News
Dorset uses LDI loophole to avoid 'unfit' LGPS regs
Dorset County Pension Fund has set up an “expensive” special investment vehicle to circumvent troublesome Local Government Pension Scheme regulations, as it works to manage inflation.
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News
Schemes grab chance to fireproof against inflation
Nearly half of pension fund trustees have incorporated longevity or swap contracts to tackle inflation risk, an upcoming survey will show, having benefited from favourable pricing last year to boost protection.
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Opinion
How real assets fit into your inflation battle
With bond-like income and growth potential, how can real assets can help control inflation-linked benefits? The supplement’s big story looks at how schemes are managing this key risk.
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Opinion
Schemes hold off infrastructure investment while Pip develops
Continued deliberation over the Pensions Infrastructure Platform is slowing overall investment in the asset class as schemes await detail on how the initiative will be set up, investment experts have reported.
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FeaturesCadbury hedges fifth of assets to manage risk
Cadbury Pension Fund has decided to hedge approximately a fifth of its assets to manage the impact of interest rate and inflation changes on its pension promises.
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Features
How to avoid member complaints over RPI-CPI switch
TLT head of pensions Sasha Butterworth assesses how schemes can ensure a smooth transition from RPI to CPI.
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FeaturesIndex-linked assets valued in low gilt yield environment
In this edition of Investment Blueprint, Aviva Investors’ Chris Laxton looks at the various options for schemes seeking to hedge their inflation liability through index-linked assets such as housing and infrastructure.
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Features
UK infrastructure too narrow for Leicestershire
The Leicestershire County Council Pension Fund has split £70m between two global infrastructure funds but feels the size of the UK market is too restrictive.
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FeaturesStrathclyde tackles four main infrastructure risks
Strathclyde Pension Fund has agreed in principle to commit £100m to the Pensions Infrastructure Platform (Pip), and has invested £100,000 to help set up the initiative.
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FeaturesWHSmith doubles surplus through LDI hedging
The newsagent’s pension scheme has managed to double its accounting surplus through its liability-driven investment strategy, following continued low interest rates.
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FeaturesAxa and ITV latest to face ETV/Pie governance risk
As pensions minister Steve Webb orders a review of controversial derisking exercises, Owen Walker discovers how Axa and ITV are currently approaching them.
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Features
Achieving fixed price key to Arnold Laver buyout
Timber firm Arnold Laver secured a fixed price for its £45m buyout thanks to an enhanced transfer value (ETV) exercise and a long-term strategy of hedging risk.
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FeaturesBAE property portfolio suffers due to lack of London exposure
The £9.5bn BAE Systems Pension Scheme has seen its property portfolio lag its benchmark due to underexposure to certain assets.