In brief

  • December, 2016

    Three more LGPS funds join GLIL Infrastructure JV

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    West Yorkshire Pension Fund, Merseyside Pension Fund and Lancashire County Pension Fund have joined GLIL Infrastructure, increasing its assets under management from £500 million to £1.275 billion. GLIL Infrastructure (Greater Manchester and London Infrastructure Limited) was launched in April 2015 as a joint venture between Greater Manchester Pension ...

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  • December, 2016

    Economics trump politics says fund manager

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    Fund manager BlackRock has said that one of the key lessons from 2016 is that economics can trump politics, with reflation now outweighing political uncertainty as a driver of returns. BlackRock said that this was shown in the US market rally, after the election of President-elect Donald Trump, with higher expectations of a fiscal boost pushing up stocks. ...

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  • December, 2016

    DB running costs up 37%, survey finds

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    The latest annual survey by the Pensions and Lifetime Savings Association (PLSA) has found that costs for operating defined benefit (DB) schemes have increased by 37% in one year, up from £400 to £546 per member. The increase was mainly due to rises in fund management and custody costs, which were up 32%. At smaller schemes – those with 5,000 members ...

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  • December, 2016

    Bond market volatility to remain elevated

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    2017 could see another rollercoaster ride for bonds according to Schroders head of global macro strategy, Bob Jolley. In his outlook for 2017, Jolley commented that 2016 had seen record levels of negative yields on government bonds, particularly on Swiss government bonds. As a result, governments are now placing greater weight on fiscal policy, rather than ...

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  • December, 2016

    Tata plans to de-risk British Steel pension fund

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    Former pensions minister and pensions campaigner Baroness Altmann has welcomed news that Tata Steel has agreed with the steel unions in South Wales to safeguard the future of the Port Talbot blast furnaces. However, Baroness Altmann added that the future of the £15 billion British Steel Pension Scheme is unclear with negotiations still going on whether ...

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  • December, 2016

    Cautious optimism for 2017 investment conditions

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    Fund manager Deutsche Asset Management has given a cautiously optimistic assessment for investment conditions in 2017, with yields in the mid-single figures across asset classes. Deutsche AM chief investment officer Stefan Kreuzkamp said that correct selection and diversification of assets will be critical in 2017. “We are not pinning our hopes for ...

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