All risk modelling articles – Page 5
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News
TPR issues guidance on protecting schemes from employer distress
New guidance for trustees on protecting their schemes from employer distress stresses the need for robust protections and integrated risk management.
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News
Scottish Widows to divest £440m from ESG failures
On the go: Scottish Widows is to divest £440m from companies that failed to meets its environmental, social and governance standards.
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News
Second lockdown presents added uncertainty for pension schemes
After August’s worse-than-expected gross domestic product figures and the announcement of yet more anti-Covid measures appeared finally to put to rest hopes of a V-shaped recovery, experts ponder the impact of a second lockdown on pension schemes.
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News
Two-thirds of DB sponsors issue 2020 profit warnings
On the go: Almost two-thirds (61 per cent) of listed companies sponsoring defined benefit schemes have issued profit warnings in 2020, according to analysis by EY.
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News
APPT launches new code of practice for sole trustees
On the go: The Association of Professional Pension Trustees has set out a code of practice for trustees carrying out sole trustee appointments.
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News
2020 risk settlement market could hit £50bn
On the go: Despite the turmoil caused by coronavirus and the government’s lockdown policy, 2020 could still be a record-setting year for the risk settlement market, with final volumes reaching or even exceeding £50bn, according to estimates from Aon.
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News
Aon warns USS consultation could confuse employers
Aon has warned that the consultation document presented by the trustee of the Universities Superannuation Scheme will be of only limited use to employers, and may leave some unable to make vital decisions.
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News
USS announces ‘challenging’ valuation consultation
The Universities Superannuation Scheme has launched a consultation with employers over its 2020 valuation, which at worst could present a £17.9bn deficit. But it faces a fight with the University and College Union, which said it had no confidence in the “needlessly cautious” approach taken by the USS.
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News
DB schemes should beware lockdown ‘inertia’
On the go: Three in four defined benefit schemes say they have taken no material action to change their investment strategies or journey plans as a result of Covid-19, but a new report from LCP warns that “inertia” could prove damaging.
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News
DB scheme accounting deficits jump £13bn in a month
On the go: The accounting deficits and liability values of the defined benefit schemes of the UK’s 350 largest listed companies rose by £13bn last month alone, according to research by Mercer.
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News
New DB funding code could imperil sponsors and members
Some of the proposals in the Pensions Regulator’s consultation on a new defined benefit funding code could lead to worse outcomes for scheme sponsors, members and the Pension Protection Fund, according to a new report by LCP.
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News
Scottish Widows looks to overcome long-term market challenges
Scottish Widows has announced plans to enhance its asset allocation strategy in response to lower projected returns and potentially long-lasting volatility as a result of the coronavirus crisis, following a strategic review conducted earlier this year.
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News
Pandemics, climate change pose ‘systemic risks’ to actuarial work
On the go: Global pandemics and the threat of a climate catastrophe present dire risks to the quality of actuarial work, according to a new report by the Joint Forum on Actuarial Regulation.
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News
Large employers to face higher PPF levy in 2021
On the go: The Pension Protection Fund is proposing changes to its levy risk assessment model, which will result in increased charges for larger employers.
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OpinionHow the PPF manages risk
The Pension Protection Fund’s Hans den Boer explains the pensions lifeboat’s approach to risk.
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OpinionAre real assets the answer for cash flow negative schemes?
As more schemes think about how to invest for cash flow, real assets appear well placed to fill the space. But how are concerns over liquidity addressed, and what are the latest developments in the infrastructure market? Five experts share their views.
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Opinion
How much risk comes with real asset investing?
How can trustees know the risk characteristics of their real asset investments, and how do property and infrastructure compare? Barry Fowler from Aviva Investors, Anish Butani from bfinance, Vassos Vassou from Dalriada Trustees, Gerald Wellesley from HR Trustees and Danny Vassiliades from Punter Southall discuss.
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Features
Are LDI models less perfect than they seem?
Roundtable: Using models can make liability-driven investment seem like a clear-cut decision, but should trustees be more willing to question these models? In the final part of this roundtable series, Bestrustees’ Huw Evans, HR Trustees’ Giles Payne, Aviva Investors’ Rakesh Girdharlal, KPMG’s Simeon Willis, Cambridge Associates’ Benoît Jacquemont and P-Solve Asset Solutions’ Barbara Saunders discuss the pros and cons of LDI models.
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Opinion
Data crunch: Growth and diversity define the smart beta market
Supply and demand is the key to smart beta success, as multiple investment profiles continue to be the driving force behind the rapid growth of this diverse market, says Spence Johnson’s Magnus Spence.
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News
LDI: Should schemes hedge now or ride it out?
News Analysis: Pension schemes wanting to derisk through liability-driven investment are faced with the conundrum of whether to hedge now or hope for rates to finally rise.