All Investment articles – Page 104
-
Features
The Pensions Trust to open doors to private sector DB as employers outsource
The Pensions Trust plans to start accepting private sector employers into the scheme from late October, hoping to attract the growing number of small and medium-sized companies outsourcing the management of defined benefit schemes.
-
News
USS weighs in on active v passive debate
The Universities Superannuation Scheme has extolled the virtues of internal active equity management but criticised external managers for not consistently adding value.
-
News
Tesco chooses cash flow matching over strategic asset allocation
Tesco Pension Fund has moved away from strategic asset allocations towards a risk-based investment strategy, which allows the scheme to get the right mix of assets to meet future cash flows.
-
News
Stock market growth leaves schemes running high equity risk
The equity market boom has left corporate pension schemes running an increasingly high amount of stock market risk, at a time when many are looking to derisk strategically.
-
News
Corporate schemes catching public sector on infra
Corporate schemes are catching up with their public sector counterparts in accessing the illiquidity premium of infrastructure investments, taking an increasing share of a growing asset class.
-
Features
Westminster moves towards global equities to free up managers
The City of Westminster Superannuation Fund has decreased its UK equity holdings in favour of global stocks to give managers greater flexibility and boost performance.
-
Opinion
Why UK schemes lose out to nimble overseas competitors on infrastructure
Infrastructure has been a hot topic among UK schemes over the past couple of years. With its long-term matching characteristics, it seems like a perfect fit for schemes looking to match liabilities, but inflows have been muted.
-
News
Schemes eye forward rates to time hedge moves
Larger schemes are showing greater interest in using forward rather than spot rates to assess whether to increase their interest and inflation hedges, in order to gain a more accurate picture of fair value.
-
Opinion
Emerging markets were overplayed, but not any more
Investec’s Atul Shinh gives three reasons why pension fund investors should get back on the emerging markets bandwagon, in the latest edition of Informed Comment.
-
Opinion
Break up or make up? How to handle a split with your advisers
In trying to get the best outcomes for members, schemes may have to dump advisers from time to time. This can be costly, stressful and time-consuming, so what is the best way to ensure a smooth transition?
-
News
Railpen chief's fees comments trigger transparency calls
Industry figures have called for more transparency around charges from asset managers after Railpen Investments said upfront fees were as little as a fifth of its total fees paid.
-
News
Saul: convertibles could spread as schemes look to reduce volatility
Saul's outgoing chief executive has predicted that its use of convertible bonds to dampen pension fund volatility could catch on at other schemes, but some advisers remain sceptical of the benefits offered.
-
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.
-
Opinion
Why mechanical derisking is leading to poor-value asset switches
Pension fund derisking has typically manifested itself in the gradual replacement of equities with fixed income investments.
-
Features
Bromley mulls 10% illiquids allocation as cash flow worsens
The London Borough of Bromley Pension Fund is considering a 10 per cent allocation to illiquid assets to provide greater returns and inflation linkage, in expectation of turning cash-flow negative within seven years.
-
News
Interest rate uncertainty a concern for employer covenants
Interest rate rises could have a negative effect on covenant strength as some companies are forced to refinance at higher rates, advisers have said, and trustees should keep a watching brief to mitigate any resultant impact on their sponsors' ability to pay scheme contributions.
-
News
Schemes have scope to delve deeper into illiquids, but confidence lacking
Defined benefit schemes are showing increased interest in illiquid alternatives as they hunt greater yield and diversification, but many lack sufficient resources and the confidence needed to execute such investments.
-
News
DB-to-DC transfers forecast to impact on derisking strategies
Investment experts have predicted liability-driven investment programmes could become more tricky since the chancellor gave the green light to transfers from defined benefit to defined contribution, with schemes finding find it more difficult to predict liabilities.
-
News
Nest sizes up green technology as it sharpens ESG focus
Nest is looking to benefit from a low-carbon economy through investments in green technology, in a triennial update of its investment beliefs announced today.
-
Opinion
Time is running short. Regulators must provide detail on how to implement DC reform
It is difficult to recall a time when defined contribution pensions in the UK had to cope with more regulatory change.