All risk articles
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NewsWhy asset owners are rethinking US allocations
Research by Morningstar has shown that asset owners around the world are reviewing their exposures to the US economy due to currency risk, policy uncertainty, and trade tariffs.
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NewsHow climate change will impact pension portfolios
Failure to transition to a low-carbon economy could cost pension schemes up to 30% in investment losses by 2050, according to new research.
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OpinionPlanning a route to better DC outcomes
Why did the pension trustee cross the road? To catch a bus, but also to demonstrate attitudes to risk, as Maggie Rodger of the Association of Member Nominated Trustees explains.
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OpinionRisk and reward: Just how good is VaR?
Value at Risk (VaR) is used as our main risk measure, but how good is it?
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OpinionTurbulent weather ahead for DB schemes
USS Investment Management chief executive Simon Pilcher details the current risks faced by defined benefit schemes, and how an investment strategy should be based on balance, diversification and resilience.
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NewsMerseyside Pension Fund appoints new adviser
On the go: The £10.4bn Merseyside Pension Fund has appointed Redington to act as its strategic investment adviser.
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NewsConsultants advise asset owners to protect against tail risk
Amid high inflation, market volatility and mounting fears of recession, investment consultants are advising asset owners to consider implementing some form of tail-risk protection, while urging them to first focus on building well-diversified investment portfolios that could protect against downside risks.
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NewsRailways Pension Scheme manager updates voting policy
On the go: Railpen, the manager of the £35bn Railways Pension Scheme, has introduced new voting policies on cyber security, climate transition and biodiversity, and mental health for its 2023 annual meeting season.
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NewsBulk annuity transactions reach £12bn in first half of 2022
On the go: The total volume of buy-in and buyout transactions reached £12bn in the first half of 2022, according to research from Hymans Robertson.
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NewsExperts warn DWP rules could lead more schemes to LDI
With pension funds still dealing with the current market turmoil, experts point out the government’s proposed rules for defined benefit funding could force schemes into an even lower-risk environment, increasing the need for liability-driven investments.
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News‘Let’s rethink all’ member options before dashboards introduction
Legislative and policy assumptions about member behaviour as they approach retirement are completely out of sync with reality, and now is the time to “rethink all of it” before dashboards are introduced, according to Philip Brown, group director of policy and external affairs at B&CE, provider of The People’s Pension.
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OpinionRetirement outcomes: The buck stops where?
HUB Group chief marketing officer Stephen Lowe questions who is responsible for delivering better retirement outcomes for pension scheme members?
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NewsCould gilt market shock push schemes towards insurers over LDI?
The market shock prompted by the government’s “mini” Budget could see a shift away from liability-driven investment strategies and toward insurance deals, experts have suggested.
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NewsFirst-half bulk annuity volumes surge 50% against 2021
On the go: The pensions risk transfer market is up 50 per cent in the first half of 2022 compared with last year’s H1 figure, with £12bn in buy-ins and buyouts making for the third-largest H1 figure on record, according to analysis from LCP.
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NewsInsurers publish first bulk annuity ‘best practice’ guide
On the go: UK insurers have collaborated to produce the industry’s first-ever “best practice” guide for schemes preparing for bulk annuity quotations, laying out principles by which trustees, advisers and administrators should abide.
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NewsCentrica schemes appoint Redington to oversee new investment model
On the go: The Centrica UK defined benefit pension schemes, comprising the Centrica Pension Scheme, the Centrica Engineers Pension Scheme and the Centrica Pension Plan, have selected Redington as strategic investment consultant.
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OpinionTPR’s single code: Where is the finish line?
Sackers senior associate Emily Whitelock outlines what trustees can and should be doing in advance of the regulator’s new single code of practice coming into force in the autumn.
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NewsTPR: ‘Keep asking questions’ about investment strategies
On the go: The current economic malaise, and especially the impact on liability-driven investments now interest rates are rising, proves it is especially important that trustees continue to ask questions about their investment strategies, even if they seem “silly”, says Fred Berry, the Pensions Regulator’s lead investment consultant.
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NewsTransfer volumes could hit £600bn as insurers post strong results
A host of insurers have revealed their first-half 2022 results that show a booming trade in risk transfers, which, by some projections, could hit £600bn over the next decade — though there are fears about a capacity crunch in the sector.
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NewsWest Yorkshire Pension Fund averts recruitment crisis
On the go: The £17.8bn West Yorkshire Pension Fund has made three senior appointments to its in-house investment team in response to ‘critical’ staffing issues that occurred last year. It has also weighed up the risk of handing assets over to external managers in the future.