All Liability-Driven Investing articles – Page 3
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Opinion PiecesViewpoint: Consolidation in UK pensions market – what are the options?
Will there be an increase in pension scheme consolidation in the UK market and will it lead to increased investment in alternative ESG assets? Consolidation could provide the collateral to invest in greater ESG assets.
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NewsUK volatility ‘useful warning’ for Dutch pension funds
Dutch schemes must check whether they can run into liquidity constraints when rates rise, according to pension regulator DNB
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NewsUK pensions industry to keep vigilant despite stable bond yields following ‘mini budget’ u-turn
The near-term technical picture is not a positive one, says Hymans Robertson
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NewsDanish PFs: UK LDI fright shows need for stress tests, central clearing rethink
Sampension, PFA CIOs say UK-style crisis less likely in Denmark because of larger, more liquid euro market
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NewsDB pension schemes ‘are not at risk of collapse’, says TPR
Regulator’s CEO says ‘it is absolutely clear that there have been liquidity issues in some of the funds’
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NewsBuyers beware? SPP panel ponders bulk annuities
Pensions industry should focus on long-term implications, says regulator
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NewsBank of England keeps tight grip on Gilts market
The purpose of these operations is to enable LDI funds to address risks to their resilience from volatility in the long-dated Gilt market
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NewsBank of England launches additional measures to help LDI market
LDI will continue to play a role in pension fund strategies despite market turmoil
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NewsUK roundup: Pension schemes boost stress testing as risk increases
Plus: FTSE 350 pension schemes’ surplus falls back to £5bn; Professional trustee market soars
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AnalysisAnalysis: Goodbye, LDI? Too early to say
The sudden and unprecedented rise in Gilt yields, caused by the UK government massive fiscal stimulus announcement, tested the risk management strategies of UK DB schemes
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NewsBank of England intervention eases pressure on DB schemes facing margin calls
Pension funds should proactively look for ways to shore up liquidity, says consultancy
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NewsBond volatility demands UK schemes prepare for urgent action, says Aon
The situation has arisen because the bond market has repriced rapidly
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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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NewsUniversities 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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NewsDelta 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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NewsPhilips scheme to reinvest most of its 7.5% cash holdings
Cash was the scheme’s only asset class generating a negative return last year
