All Investment articles – Page 76
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OpinionWhat mandatory tendering will mean for your scheme
Vineet Sood, senior investment consultant at Dalriada Trustees, explains what the Competition and Markets Authority’s competitive tender proposal could mean for trustees.
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News
Worcestershire puts JPMorgan AM back on watch
The Worcestershire County Council Pension Fund has placed JPMorgan Asset Management “on watch” for the continued underperformance of its emerging markets equities mandate, just six months after removing its added scrutiny of the manager.
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PodcastsPodcast: What does the future hold for LDI?
Podcast: The popularity of liability-driven investment strategies among defined benefit pension funds has increased over the years. In 2017, the total notional value of liabilities hedged by LDI strategies continued to grow, rising to £965bn from £904bn, according to XPS Pensions research. In this episode, Nick Harvey, principal at XPS Pensions, discusses how scheme exposure to LDI has changed over time, and what the future holds for this type of investment strategy.
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OpinionESG: Focus efforts from a risk perspective
From the blog: Every institutional investor should be following a responsible investment approach.
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NewsThales ups alts for predictable cash flows
Trustees of the Thales defined benefit pension fund have taken steps to move away from listed equities and increased the scheme’s exposure to investments with more predictable cash flows.
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News
62% of schemes and sponsors say CMA could go further
Sixty-two per cent of trustees and employers believe the Competition and Markets Authority has not gone far enough in its recommendations for the investment consulting and fiduciary management market, according to an XPS Pensions survey.
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Features
Lambeth invests in multi-asset credit
The London Borough of Lambeth Pension Fund has invested around £75m into multi-asset credit from its corporate bonds allocation. It is also weighing up investment in private debt alongside other Local Government Pension Schemes.
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FeaturesBBC matches cash flows after strong 2017 returns
The BBC Pension Scheme has slashed its exposure to equity markets, in an attempt to lock in recent outperformance with liability-driven investment, private credit and alternative matching assets.
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Features
How will scheme exposure to real estate evolve post-Brexit?
Brexit Day is looming, but nobody really seems sure about what the outcome might be, and how the UK is going to get there.
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OpinionThe evolution of the outcome-oriented DB investment solution
Data Crunch: Broadridge’s Jonathan Libre takes a look at the evolution of defined benefit investment strategies to date, and outlines potential new trends as final salary plans mature.
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PodcastsPodcast: DC default design - Make sure you understand your members
Podcast: Last month, Pensions Expert reported that trustees of the Lloyds Bank Pension Scheme No.1 had overhauled the default offering for their DC members. In this episode, Lydia Fearn, head of DC and financial well-being at consultancy Redington, and Maria Nazarova-Doyle, senior investment consultant and head of DC investment consulting at JLT Employee Benefits, discuss the most important factors for trustees to consider when designing or reviewing their default investment strategy.
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News
LGPS pools see opportunity in housebuilding push
Chairs of Local Government Pension Scheme asset pools have stated their willingness to provide capital for housebuilding in the UK, but insisted any real estate investments will be viewed through a financial, rather than a political, lens.
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News
ESG confusion hindering smaller schemes
Smaller pension schemes lack the governance, investment choice and concrete understanding required to properly engage with environmental, social and governance factors, according to the Pensions Policy Institute.
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Features
How should scheme liabilities be measured?
Analysis: The industry is unlikely to ever reach a consensus over the methods of scheme liability valuation, judging by the lively debate surrounding the subject.
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News
Transaction costs make up quarter of management fees
Some of the largest pension funds in the world are paying an average of 86.3 basis points in total annual investment costs, with 24 per cent of these fees made up of transaction costs, according to new research.
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FeaturesKent cuts passive equities for private equity and infra
The £6.2bn Kent County Council Superannuation Fund has moved capital from UK passive equities into private equity and infrastructure. The fund narrowly missed its benchmark for returns in the year to March 2018, after underperformance from equity and fixed income mandates.
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OpinionUK gilts: The inconvenient truth for schemes
From the blog: Gilts have been a perennial favourite for UK pension schemes, not simply for their liability-matching properties, but also because of the returns they have delivered for schemes in years when markets have wobbled.
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FeaturesIslington scheme to wind down carbon investment
The London Borough of Islington Pension Fund has agreed to reduce its investment in fossil fuels, following lobbying efforts from local environmental activist group Fossil Free Islington.
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News
Transparency worries hinder flows into active quant strategies
More than half of institutional investors are wary of using quantitative investment strategies, with a perceived lack of transparency registering at the top of investors’ concerns, according to new research.
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OpinionTransparency welcome, but method for managing info yet to be agreed
Despite the new requirement for transaction costs to be disclosed in a clear and meaningful way, full transparency is yet to be achieved and a method for dealing with the information in a proportionate and effective manner is yet to be agreed, says PTL’s Melanie Cusack.