All liability-driven investing articles
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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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Opinion Pieces
Viewpoint: 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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News
Aon: 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
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
Mandate roundup: Swiss scheme tenders low vol brief via IPE Quest
Plus: Brunel picks BlackRock for risk management framework
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News
UK 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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News
LDI 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
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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Country Report
Dutch regulator replaces LDI manager on €1.9bn pension scheme
BlackRock replaced by Cardano but will stay on as fiduciary manager
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News
Liability-matching portfolios ‘should also generate returns’
Panellists at Pensioen Pro conference call for Dutch government to issue inflation-linked bonds
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News
Joseph Mariathasan: Discount rates and error margins
If too much credence is given to measurements without understanding their limitations, it can create chaos
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News
Joseph Mariathasan: Are LDI valuations right for an entity like USS?
Matching pension liabilities is seen as a risk management rather than investment issue
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News
FRR awards €5bn in liability-matching mandates
AXA IM and Amundi appointed to run assets to help meet payments to social security system
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News
Asset management roundup: Link fee discounts to long-term mandates
Plus: Deutsche AM’s rebrand; UK LDI activity increased by 27% in Q3
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News
Asset management roundup: BMO restructures LDI pooled funds
Also: BNY Mellon to roll out corporate bond trading initiative
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News
‘Meaningful’ risk of no deal outcome to Brexit negotiations: survey
But pension schemes should have time to prepare response given ‘signposting’ of progress
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News
UK roundup: Teachers' pension scheme liabilities grow by £76bn
Also: LGPS Central names non-execs; Serco’s pension fund grants BlackRock £1.5bn LDI mandate
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News
FRR invites bids for ‘new generation’ cash flow matching mandates
New mandates to replace those put in place for LDI strategy after 2010 pensions reform
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News
Don't drag feet on hedging, pension funds warned
Investment-bank dealing desks expect more Gilt issuance in Autumn Statement
