All Investment articles – Page 109
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OpinionAdmit it: social impact investing is done for the social impact
Editor's blog: There has been a flurry of stories this month on local authority pension funds allocating to investments that target a positive social or environmental impact, giving a shot in the arm for proponents of activist investment.
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Opinion
Schemes ploughed £24bn into gilts last year despite low yields
Pension schemes compelled last year to derisk at historically low yields quadrupled the previous year’s gilt purchases, according to official data that have left investment experts surprised.
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Opinion
Kingfisher reviews its DC set-up to meet newfound flexibilities
Kingfisher Pension Scheme is planning to review member outcomes as it looks to make sure its default fund fits with the greater at-retirement flexibility opened up by the Budget.
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Features
How JPMorgan and RBS give DC members retirement flexibility
JPMorgan and Royal Bank of Scotland are working to offer members of their defined contribution schemes flexibility in how they access their retirement savings, in light of the Budget reforms.
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Opinion
A scheme guide to swaps, swaptions and all things LDI
Axa IM’s Jonathan Crowther gives a ground-up description of the derivatives that liability-driven investment managers use to mitigate against key funding risks, in the latest edition of Technical Comment.
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Opinion
Has the shine come off emerging markets? Five key charts
Apparently so, according to a report released this week by Create Research and Principal Global Investors. Emerging markets have been plagued with underperformance for years and were hit especially hard when the US Federal Reserve announced its plans to begin tapering its quantitative easing programme.
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Features
Islington to build on residential property bet in alts push
Islington Council’s pension fund plans to reduce its allocation to equities and diversify further into alternatives, in a stated desire to gain greater and more stable returns.
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News
Revised DB code emphasises integrated risk management
The Pensions Regulator this week released a new code of practice for defined benefit schemes, focusing on trustees and employers working collaboratively on scheme funding.
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Features
Strathclyde taps renewables as alternatives fund swells
Strathclyde Pension Fund has removed the £300m maximum from its New Opportunities portfolio, and will review its 3 per cent allocation limit, as it makes a suite of diversifying investments predominantly in renewable energy.
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Opinion
Why now is not the time to doubt emerging markets
In the latest Informed Comment, Muzinich’s Warren Hyland argues that despite geopolitical tensions and emerging market elections, company fundamentals and country demographics support an argument for EM debt.
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Opinion
Nest: Scale has given us an ‘internal market’ for DC assets
Talking head: Nest’s CIO Mark Fawcett describes how the scheme has been able to use its growing scale to reduce its investment costs, as well as effectively transacting between different scheme members.
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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
WMPF to give Brum SMEs £40m boost as funds seek social impact
The West Midlands Pension Fund has set aside £40m for a direct lending fund to provide finance to small and medium-sized businesses in the Birmingham area, seeking a positive social impact alongside return.
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Opinion
DB-DC transfer uncertainty compounds schemes’ demographic challenge
In the latest edition of Technical Comment, Towers Watson’s Sadie Hayes discusses how the maturing of defined benefit scheme liabilities has been complicated by the Budget reforms.
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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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NewsGilt yield falls confound expectations and depress funding
Investment advisers have been taken by surprise by the recent drop in government bond yields which have inflated schemes’ liabilities and delayed derisking strategies.
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News
Industry calls for better DC risk guidance to hit target outcomes
Industry figures have called for better guidance for defined contribution members to help them choose the appropriate level of risk pre-retirement to achieve their target outcomes.
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Opinion
How to predict member outcomes in the post-Budget world
The 2014 Budget gave pensions savers and plans considerable new flexibility in arranging their retirement incomes.
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Opinion
Why you shouldn’t sit on your hands waiting for a rate rise
Talking head: Redington’s Rob Gardner warns of the significant risk and complexity created by rate uncertainty, and how pension funds can get the right infrastructure in place.
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News
Disclose hidden transaction costs, report urges asset managers
Asset managers should disclose the full transaction costs rather than just the headline annual management charge, the Pensions Institute has urged, to allow investors to assess the value of their investments.