All Investment articles – Page 12
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NewsBank of England: LDI strategies need 250bp collateral buffer
The Bank of England’s Financial Policy Committee announced on March 29 a recommendation to the Pensions Regulator that it specify “minimum levels of resilience” in relation to pension schemes’ liability-driven investments to avoid damaging feedback loops from being forced sellers of assets.
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NewsDB funding code is full of unintended consequences
The Pensions Regulator’s draft defined benefit funding code has received some praise, yet for many it falls short of providing both stronger governance and greater certainty for schemes and sponsors.
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NewsLCP toughens up its ESG policies
LCP has launched a responsible investment philosophy designed to focus industry attention on concrete action to address systemic risks posed by issues such as climate change and inequality.
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NewsBank of England raises interest rates to 4.25%
The Bank of England has raised the base rate of interest, despite concerns over the impact this will have on the banking sector.
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NewsDC members want better access to ESG investment strategies
Demand for environmental, social and governance criteria to be considered in pension scheme investment strategies continues to grow and find a broader base of support.
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NewsBudget 2023: Chancellor’s box of tricks makes LTA disappear
Chancellor Jeremy Hunt has faced calls in recent weeks to relax the rules on certain pension tax allowances to further his campaign to encourage older workers back into the workforce.
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NewsAsset managers must up their game on engagement and diversity
Despite improvements in stewardship and governance in the asset management industry, research from ShareAction has shown there are considerable gaps in performance.
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NewsRising costs of retirement income not necessarily all bad news
The cost of meeting the minimum standard of the Pensions and Lifetime Savings Association’s retirement living standards increased by almost a fifth (18 per cent), or nearly £1,900 in 2022, according to the Aon UK DC Pension Tracker.
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NewsGulf of inequality: Little progress on women’s pensions gap
New data from HM Revenue & Customs, released on March 8, leaves little to celebrate on International Women’s Day, as it clearly shows that women are still earning considerably less than men at every stage of life.
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NewsNew PPI report backs alternatives for DC investment strategies
Alternative assets may have a greater role in defined contribution strategies, offering both greater diversification and a hedge for volatility in public markets, according to a new report.
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NewsAsset managers failing to combat crises
Asset managers continue to drag their feet in the adoption and implementation of measures to combat the “the most dangerous human and natural crises of our time”, according to a report released by ShareAction.
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NewsTravel towards endgame has accelerated
The buoyant mood surrounding the pension scheme derisking market has received further evidence that confidence is based on fundamentals, not sentiment.
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NewsGrowing momentum behind derisking solutions
Data crunch: With the momentum added to the derisking market in the fourth quarter of 2022, it is little wonder that 2023 is being touted as a bumper year for derisking strategies, with many getting their endgame over the line.
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NewsMarkets forced public sector funds to mull direction change in Q4 2022
Data crunch: UK local government pension schemes continued to review their investment strategies in the fourth quarter of 2022 in light of the results of March’s round of triennial actuarial valuations.
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NewsConsultants advise diversification as recession fears mount
As recession fears rise, investment consultants are advising institutional clients to ensure their portfolios are well diversified to reduce downside risks. They also advocate a degree of dynamic asset allocation in a bid to capitalise on changing market conditions.
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NewsLords call for ‘far stricter limits’ on LDI leverage
A committee in the House of Lords has called for “far stricter limits” on leverage in liability-driven investments, which it believes caused the Bank of England intervention, while considering giving the Prudential Regulation Authority a role in schemes’ supervision, due to their “bank-like” strategies.
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NewsLondon CIV faces uncertainty as local authority fund ponders future
Despite the government’s best efforts to pool the assets of UK local authority pension funds, one London scheme – the £1.5bn Royal Borough of Kensington and Chelsea Superannuation Fund – recently revealed it may leave the London CIV.
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OpinionTurbulent weather ahead for DB schemes
We live in a world right now that seems fraught with risks.
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NewsRoyal Mail scheme hires BlackRock to manage assets
On the go: The circa £13bn Royal Mail Pension Plan has hired BlackRock to handle £8.8bn worth of its defined benefit scheme assets as an outsourced chief investment officer.
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NewsManagers using LDI debacle to ‘grab assets’ from schemes
Asset managers are using the liability-driven investment turmoil as an excuse to “grab assets” from defined benefit schemes by demanding buffers higher than those recommended by the regulators, a former fund manager has revealed.