All interest rates articles
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News
Changing macro environments lead to asset allocation shift for SWFs
SWFs are actively reassessing their asset allocation strategies, seeking to reduce their exposure to duration risk, says Invesco report
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News
Evonik’s Pensionskasse revamps fixed-income portfolio
For the move, the pension fund held back on real estate and infrastructure investments
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News
German pension funds to set up service platform for Pensionskassen
Caritas and Kölner pension schemes were among those suffering from a protracted period of low interest rates
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News
Bayer Pensionskasse invests €950m in fixed income
The scheme pushed for investments in interest-bearing registered securities to keep the weight of the asset class stable in the long term
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Country Report
Italian pension funds fine-tune asset allocation
Growing appetite for private market investments, amid shifting equity and bond portfolios, are keeping Italian pension funds busy
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News
Nestlé pension fund launches new investment strategy
Under the new strategy, the scheme is reducing its exposure to real estate by 2 percentage points, while increasing its allocation to parallel bonds and listed equities
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Analysis
Why the Dutch buyout market fails to fulfil its promise
Insurance firm Lifetri left the market last month as the opportunities in the pension risk transfer market proved less appealing than expected
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News
Swiss parliament to exempt public schemes from interest rate rule
The financial stability of public pension schemes could worsen with higher interest rates on savings, according to a motion
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Features
Market predicts US soft landing - June 2024
A combination of Federal Reserve chair Jerome Powell’s press conference and a slightly weaker-than-expected US April non-farm payrolls outcome succeeded in flipping the market back to a soft-landing narrative for the US economy. US Treasury bonds rallied sharply, taking other markets with them, while the yen weakened significantly against the dollar before recovering.
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News
Swiss schemes turn to corporate bonds as currency hedging costs rise
Currency hedging costs in the bond markets US and EU government bonds less attractive for the pension funds, says Complementa
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News
German finance ministry ups maximum interest rate
The rate, used to calculate the amount of reserve funds for pension payouts, is increasing to 1% from the current 0.25%, from 2025 – the first increase in 30 years
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Opinion Pieces
A new era for pension fund liquidity management
With inflation past its peak and central banks signalling monetary easing, investors can look forward to a prolonged period when interest rates will be at normal levels – barring any surprise decline in economic growth or other kinds of shocks.
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Features
Reluctance to drop interest rates disappoints the markets
US rates markets entered the year enthusiastically pricing in over 160 basis points of cuts through 2024, and have since had to push back hard on both the timing and magnitude of interest rate cuts now expected by year-end.
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News
PensionDanmark reins in equities exposure despite positive scenario
Danish labour-market pension fund blames 2023 underperformance on higher weighting of non-cyclical stocks
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Opinion Pieces
Viewpoint: A challenging period for emerging market debt or a golden opportunity?
Despite the challenges posed by rising interest rates and the steep rise of the US dollar, none of the bigger emerging markets seem to be in debt distress
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News
Lower rates overshadow further €500m transfer to Siemens Pensionsfonds
Liabilities increase to €1.5bn despite good returns due to lower rates
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News
Dutch pension funds well prepared for liquidity crunch, say regulators
The switch to obligatory central clearing will increase liquidity needs while the transition to DC will likely have the reverse effect, according to regulators DNB and AFM
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News
Swiss schemes face higher national debt in medium to longer term, says Complementa
Plus: Pensionskasssen Monitor published by Swisscanto saw funding ratios of private pension funds increase from 110.1% in 2022 to 114.9% in 2023
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News
German corporate pension funds see increased liabilities
Corporate pension obligations have already increased by around 17% at the end of 2023 compared with the previous year
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News
Aegon compensates customers for inappropriate interest rate hedge hike
The insurer had increased the interest rate hedge of a pension product with an offensive risk profile from 45% to 85% in the summer of 2021