All property articles – Page 3
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NewsGreater platform use will open up alts to smaller schemes
Data crunch: Defined benefit trustees are in a bind on cash flows, with low or even negative yields persisting in traditional fixed income just as their schemes’ liabilities begin to mature and cash injections dry up. Asset managers are responding by offering new solutions to help access alternative, secure income-generating assets.
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Features
Visa scheme cuts lifestyles and introduces white-labelling
Trustees of the defined contribution Visa Europe Pension Plan have reduced the number of lifestyle strategies on offer and introduced white-labelled funds for the first time, one of which invests in direct and listed property.
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OpinionInvesting in alternatives: Opportunities and obstacles
While there are plenty of opportunities for pension schemes when it comes to alternatives, there are also a number of obstacles to investing in these asset classes, explains Hymans Robertson’s Adam Porter.
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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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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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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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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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OpinionSchemes should make space for global real estate
Historically, most UK pension funds have focused on domestic real estate. This contrasts with scheme exposure to many other asset classes such as equities and fixed income, where allocations have become far more globally orientated.
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Opinion
DC Debate Q3: Updating asset allocations
In the second part of this quarter’s debate, our five DC professionals look beyond the traditional bond and equity portfolio to consider issues including diversified growth funds, alternatives and ESG.
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FeaturesRhondda Cynon Taf approves plan for alternatives
The Rhondda Cynon Taf Pension Fund has agreed to wind down its lofty equity exposure in favour of new allocations to absolute return bonds and infrastructure.
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FeaturesBarnet pension scheme votes to join the LAPFF
The London Borough of Barnet Pension Fund has voted to join the Local Authority Pension Fund Forum, with the pension fund committee rejecting mayor of London Sadiq Khan’s manifesto push to bring London local authority pension schemes out of fossil fuel investment.
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OpinionData Crunch: DC property allocations set to catch DB
It seems logical that long-term savings should be invested in long-term assets, and property would seem a candidate for this type of investment.
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NewsParliamentary scheme elects alternative credit
The Parliamentary Contributory Pension Fund has introduced a new allocation to alternative credit to further diversify the scheme’s portfolio of return-seeking assets.
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Features
Barnet switches DGFs for property and private equity
The £1.1bn London Borough of Barnet Pension Fund has resolved to cut its 20 per cent allocation to diversified growth funds managed by Schroders and Newton Investment Management.
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FeaturesPwC schemes cut property from portfolio
PwC's two defined benefit pension schemes have removed property from their investment strategies and made a number of changes to their fixed income allocations.
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News
UK assets up but savers still look to bricks and mortar
UK occupational pension assets grew 16.9 per cent over 2017 to cement Britain’s position as the second-largest market in the world, but concerning trends in saver attitudes suggest market returns may be masking fundamental problems.
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News
ONS wealth survey: Pension inequality reducing but debt a worry
Pension wealth for UK households increased by 20 per cent in the past two years, according to the Office for National Statistics, but an increase in aggregate debt clouded good news for overall financial health.
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NewsNotts expands local property investment
The £4.9bn Nottinghamshire County Council Pension Fund has increased its commitment to local property investment. The fund has added £10m to its local property fund and has expanded the geographical area where it will invest.
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OpinionHow negative cash flow will shape DB investments
From the blog: If there is one thing UK defined benefit schemes are not paying enough attention to, it’s cash flow.
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FeaturesNuffield Health scheme boosts security with ABF
Not-for-profit healthcare provider Nuffield Health has entered into an asset-backed funding arrangement for its £377.1m defined benefit pension fund, as schemes continue to secure benefits with tangible goods.