All Investment articles – Page 111
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News
Surrey sets up trigger-based framework for £90m gilt repo move
The £2.9bn Surrey County Council Pension Fund has set a framework to buy leveraged gilts upon hitting inflation and interest rate triggers, as part of a wider move into liability-driven investment.
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News
Nest to switch TDF goalposts from annuity purchase as April looms
DC: The New Investment Journey. Nest is planning to amend its target date funds that currently aim for annuity purchase in light of the greater flexibility in retirement options available to scheme members from April 2015.
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Opinion
Gilts present pathetic value. What are the alternatives?
Henderson’s Kevin Adams looks at how to protect your scheme from capital loss and prosper in a rising rate environment, in the latest edition of Informed Comment.
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Opinion
Rapidly shrinking yields leave investors needing more complex mandates
Talking head: Redington’s Rob Gardner turns his attention to pension funds’ fixed income allocations and how to answer their hunger for yield.
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Opinion
The ‘illiquidity premium’ is not quite the draw it was
In this week’s edition of Technical Comment, PIC’s Mark Gull argues there are “large caveats” to the illiquidity premium that is available through such investments as infrastructure debt.
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OpinionEditorial: Breaking down a door
There used to be the cult of UK equity. Pension funds were to invest in their home country’s businesses so the accrued capital of workers’ retirement holdings was reinvested into capital-creating entities, driving growth and producing return.
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News
Unilever swaps asset allocation approach to focus on outcomes
Consumer goods giant Unilever's pension fund has adopted an outcome-led investment approach split into five key objectives, jettisoning its previous focus on asset allocation in a bid to avoid short-termism.
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News
UK lags Europe in passives drive for smart beta and ETFs
UK pension schemes are lagging behind their European counterparts investing in smart beta strategies, according to research that adds to criticism of actively managed strategies.
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Features
CofE scheme mulls infrastructure diversification to drive returns
The Church of England Pensions Board is considering spreading its infrastructure portfolio outside Europe, following a similar decision to rebalance its property portfolio towards the US and Asia in a hunt for return.
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Opinion
How global events hit your pension fund
Despite many months of turbulent news stories – the continuing advance of Islamic State, pro-democracy demonstrations in Hong Kong and the spread of Ebola – the markets failed to react to this increased uncertainty until last month.
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Features
Non-disclosure agreements: schemes give mixed reaction
Scheme managers and consultants have given a mixed response to the question of non-disclosure agreements for fund management fees, after concerns were raised that they may inhibit schemes’ ability to negotiate value for members.
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Opinion
Why industry critics are wrong about ‘reckless conservatism’
Letter: Nest’s CIO Mark Fawcett responds to an Informed Comment piece in last month’s Pensions Expert that warned overly prudent investment strategies were blighting young savers’ investment growth.
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Features
Caterpillar scheme delays derisking over stock volatility concerns
Caterpillar Pension Plan has postponed a decision to cut its equity exposure to increase its liability-driven investment allocation as a result of concerns over stock market volatility.
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News
Consultants call for more competition in fiduciary management
Consultants have called for greater competition in the fiduciary management industry as a report indicates few schemes are doing due diligence when appointing a provider.
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News
Corporate schemes up alts but stem fixed income flows
UK corporate schemes ploughed 20 percentage points more of their assets into alternatives in the past three months than the previous quarter, while cutting inflows into fixed income, investment data have shown.
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News
DC benchmarks expected to switch attention to performance
Industry experts have predicted the governance focus for defined contribution default funds will swing from cost to performance as DC benchmarking capabilities come to the fore.
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Features
South Yorks ups property, EMD and high-yield in search for returns
South Yorkshire Pension Fund has increased its allocation to property and placed greater emphasis on emerging market and high-yield debt as it searches for greater balance between risk and returns.
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Opinion
How to evaluate your investment consultant’s impact
Muse Advisory’s Anne Kershaw looks at how trustees can evaluate the quantitative and qualitative impact that investment consultants have on schemes, in the latest edition of Technical Comment.
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Opinion
Are alternatives proving their worth in volatile markets?
Alternative investments have been the target of pension schemes seeking to minimise the risks associated with volatility through diversification. But how correlated are these assets?
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OpinionEditorial: Turn the dial?
I should start off by agreeing entirely with Barnett Waddingham’s Damian Stancombe that the vast majority of breath spent on defined contribution pensions should not be expended discussing investment, but on encouraging savers to pay more in.