All Investment articles – Page 91
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NewsRestructure or rebrand: Finmeccanica’s DC changes
The decision by FuturePlanner, Leonardo-Finmeccanica’s defined contribution pension scheme, to replace two gilt funds with annuity protection funds despite significant structural overlap, raises questions about the extent to which DC restructuring may just be rebranding.
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News
Risk-averse DC members shy away from DGFs
At a Pensions Expert event this week, panellists debated how best to incorporate multi-asset strategies into defined benefit and defined contribution portfolios, agreeing that such strategies will become much more geared towards DC in the future.
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News
What will the Leave vote mean for Project Pool?
As the July 15 deadline for local government pension schemes to submit their asset pooling proposals approaches, experts have warned local schemes to expect delays to ‘Project Pool’ following the Brexit vote, but cautioned other obstacles might also arise.
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News
Brexit creates opportunity but uncertainty remains, experts warn
Scheme trustees should look to capitalise on opportunities created by the United Kingdom’s vote to leave the European Union, but strategic change should wait until details emerge, experts have said
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NewsWest Midlands saves £25m with in-house mandate
The West Midlands Pension Fund has found savings of more than £25m a year after a swath of changes to its investments and a two-pronged strategy to reduce administration costs.
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OpinionDon’t halloo till you’re out of the wood
From the blog: Following the UK referendum to leave the EU earlier this month most major currencies have risen against sterling.
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Features
Primed or prejudiced: Are trustees listening to experts?
Any Other Business: The triumph of instinctive mistrust of immigration over economic rationalisation was at the centre of the UK’s momentous decision to leave the European Union last week.
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NewsPensions shrouded in uncertainty as UK votes to leave
The pound fell on Friday following news the United Kingdom had voted to leave the European Union, but experts warned schemes not to overreact.
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Features
Carclo deficit highlights pitfalls of equity exposure
Technical plastics manufacturer Carclo is adding liability-driven investment mandates and continued support for diversified growth funds to its defined benefit scheme portfolio, after poor equity market performance saw its deficit almost double.
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NewsSmaller schemes dive into LDI pools
Smaller schemes are increasingly using liability-driven investment strategies, as the number of pooled mandates powers growth in the market, research this week from consultancy KPMG has shown.
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LDI crucial part of portfolio despite low yields, experts say
Schemes must not leave themselves vulnerable to interest rate risk by ignoring seemingly expensive liability-driven investment strategies, according to panellists at a Pensions Expert event on LDI held last week.
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OpinionAre activist investors crossing the pond?
From the blog: Not so long ago activist investors were mostly a problem for US-based pension managers to worry about, largely because it was US-based companies that they had in sight.
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OpinionBlocking out the noise
We’re all sick of hearing about it at this point, but there’s no getting away. This week marks one of the most important elections in the history of modern Britain: the EU referendum.
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FeaturesMPS mines for income with alternative credit and shipping
The Mineworkers Pension Scheme is hunting for income with new allocations to shipping and special situations debt, alongside increased exposure to private debt and property.
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News
Active debt management key to exploiting bond opportunities
Schemes hunting for cash flow in a record-low gilt yield environment are turning to corporate bonds, emerging markets and active management of their debt portfolios, a study has revealed.
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NewsMarket instability tops referendum fears
Negative portfolio returns and prolonged unpredictability are the top concerns potential Brexit raises for pension stakeholders according to a new survey by pensions platform Mallowstreet. However, pensions insiders said these risks should already have started being addressed.
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MPs press government to incentivise ESG investment
Pension funds should do more to incorporate environmental, social and governance considerations into their investment decisions, a report by the House of Commons’ International Development Committee last week suggested.
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News
Strathclyde adds EMD as cash flow turns negative
Strathclyde Pension Fund has approved a range of investment changes, including up to £300m in emerging market debt and £30m in core UK infrastructure.
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Opinion
Member communications: How much information is too much?
Showing interest in their defined contribution pension pots can be a struggle even for seasoned industry professionals, so how and what should schemes communicate to get maximum engagement from their members?
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NewsUnilever launches guidance tool, but fear of giving advice still stops many
The Unilever Pension Fund has introduced an online initiative using example members to help savers plan their benefits, ahead of a clarification on the distinction between advice and guidance from the Financial Conduct Authority, HM Treasury and the Pensions Regulator.