All Investment articles – Page 111
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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.
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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.
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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.
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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.
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Opinion
How to set up an investment subcommittee
Gordons’ Ruth Bamforth lays out the ingredients of an effective investment subcomittee, but warns the liability for decisions remains with the main trustee board, in the latest edition of Technical Comment.
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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.
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Opinion
How to educate DC members on retirement 2.0
Zurich’s Jonathan Plumtree argues that auto-enrolment and the Budget’s pension reform have turned the engagement challenge on its head, creating a new focus on decumulation, in the latest edition of Technical Comment.
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Opinion
Time is running short. Regulators must provide detail on how to implement DC reform
Talking head: The National Association of Pension Funds’ Richard Wilson lays out the increasingly troubling timetable for schemes to carry through this year’s DC reforms, and calls on government and regulator alike to provide further detail.
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News
Church of England scheme boosts funding level with 20% equity growth
The Church of England Funded Pension Scheme has seen an improvement in its funding level thanks to asset outperformance, in particular from equities, as it looks to increase its illiquid asset holdings.
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News
How LGPS members are responding to collective investment reform
Advocates of public sector pension reform have warned that regional initiatives could 'water down' savings for local authority funds from planned changes to the Local Government Pension Scheme.
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Opinion
The Budget has not killed off lifestyle strategies
Jelf’s Mark Winstanley argues that the Budget changes did not destroy lifestyle strategies, and predicts there will be three predominant paths of member decision-making at retirement, in the latest edition of Informed Comment.
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Opinion
Gardner: How to win by not losing
Talking head: Redington’s Rob Gardner analyses the state of pension funds’ growth assets, arguing that in an environment where many assets look expensive, reward can be found through focusing on reducing downside.
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Opinion
Smooth sailing for the pensions lifeboat? The PPF’s annual report in numbers
The gradual economic recovery is welcome news for the Pension Protection Fund, with buoyant equity markets and stronger companies outweighing some losses in its liability-driven investment strategy.
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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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News
PPF adds hybrid allocation, trims traditional assets
The Pension Protection Fund has revised its statement of investment principles, trimming its allocation to cash, bonds and equities as it seeks to capitalise on the illiquidity premia of so-called ‘hybrid’ assets.
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Features
Local government schemes reject forced passive CIV proposals
Local authority schemes have rejected government proposals to mandate pooling assets into a passively managed common investment vehicle, but did see benefits in other suggestions put forward.
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News
Early fid man adopters review managers as transparency calls grow
Investment experts have reported that the secondary market for fiduciary management is warming up, as early adopters begin to review the performance of their managers.
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Features
Isle of Wight fund mulls ethical investment policy after council reclaims public health role
Isle of Wight Pension Fund is considering setting its own policy on social, environmental and ethical factors to be considered when making investment decisions, after the council took back responsibility for public health.
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Opinion
Local authorities dump hedge funds for DGFs – different rose, same thorns?
Hedge funds have taken somewhat of a battering from local authority schemes, as we have reported over the past couple of weeks.
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Features
Institutional investors warn pension funds not to become shadow banks
Chief investment officers at two historic institutions have raised concerns about pension funds stepping into the space left by banks constrained by tougher capital requirements, pointing to the potential risks and costs.