Liability-Driven Investing – Page 4
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FeaturesPerspective – Liability-driven investing: DIY LDI
A multi-decade trend of falling interest rates, the increased complexity of financial markets and the growing burden of regulation have conspired to turn pension provision into an extremely sophisticated activity. This is especially true for defined benefit pension funds, which may be facing a gradual decline in number, but remain a key source of retirement income.
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NewsDB schemes urged to negotiate fee levels – LCP
Impressive fee savings could be achieved without needing to use fiduciary managers
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NewsLCH, Insight moves make cleared repo accessible to more schemes
Cleared repo brings new sources of liquidity
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News
Universities scheme eyes ABS debut amid in-house fixed income boost
‘We are taking more of these mandates in house which means we are able to do more to invest the scheme’s assets at a lower cost than paying an external manager’
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Opinion PiecesViewpoint: The tipping point for UK pension schemes
Schemes need to consider how to get to a secure level of funding, but also, the assets they will need to hold when they reach peak cashflows in order to remain fully funded
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NewsAon: buy-ins are ‘increasingly established part of the UK pensions scene’
Buy-ins offer liquidity benefits when compared to a buyout
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News
Delta Lloyd scheme splits matching holdings into LDI, spread portfolios
It will also raise its stake in emerging market equity as well as real estate to 16.7%
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News
Philips scheme to reinvest most of its 7.5% cash holdings
Cash was the scheme’s only asset class generating a negative return last year
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News
Increased credit allocation could improve schemes’ liquidity, says AXA IM
Expect equity to remain volatile with a ’significant risk of a second leg down’
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News
Smurfit Kappa UK appoints River and Mercantile for £1.16bn
The contract includes a fiduciary management mandate for £630m and an LDI brief worth £530m
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NewsUK yield movements fuel collateral requests
Pension schemes should understand what liquidity is like
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NewsMandate roundup: Swiss scheme tenders low vol brief via IPE Quest
Plus: Brunel picks BlackRock for risk management framework
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NewsUK schemes preparing for endgame with equity cuts and liability hedges
Aon survey shows pension funds are stepping up de-risking activity and allocating more to alternative asset classes
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Special Report
Liability Strategies - Consolidator funds: New tools, new models
Can consolidator funds provide an additional tool for UK pension schemes approaching the defined benefit endgame?
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Special ReportCommentary: The endgame
UK pension funds should consider nine dimensions as they move to deris
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Special ReportCDI takes root
Matching and cashflow strategies are gaining ground around continental Europe, sometimes with a green tinge
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NewsLDI market breaches £1trn as smaller schemes join hedging trend
XPS Investment attributes most of 2018 growth to new mandates, mainly from smaller schemes
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News
Generali Investments splits to create LDI specialist arm
LDI arm separates from ‘growth engine’, which will consist of ‘unconstrained and distinctive’ strategies
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News
Japanese pension funds rethink asset allocation strategies – survey
Funds increasingly adopting strategies modelled on variety of role-, risk- or factor-based approaches
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News
Dutch regulators follow ESMA's advice on central clearing
DNB and AFM confirm they will not enforce rules during legal gap in EMIR exemption for pension funds
