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April, 2020
Falling Gilt yields to weigh heavily on funding
Plummeting Gilt yields will likely cause further funding problems for defined benefit pension schemes, as investors pile into safe haven assets amid the Covid-19 outbreak, according to pensions consultancy Barnett Waddingham. Short-term fixed-interest Gilt yields turned negative for the first time in history in March, exacerbated by the cut in the Bank of ...
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April, 2020
Mobius unveils asset balancing tool
UK life insurer Mobius Life has launched a Smart Rebalancing service aimed at ensuring defined benefit schemes’ portfolios remain in line with their chosen asset allocation. The Smart Rebalancing service automates the process of keeping assets in line with the schemes’ investment strategies and is designed to reduce risk and potential transaction costs ...
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April, 2020
Brunel and SAUL commit to green infrastructure
Brunel Pensions Partnership and the Superannuation Arrangements of the University of London (SAUL) have committed £277 million to Greencoat Capital’s new closed-end private markets fund. Greencoat Renewable Income is expected to focus on solar, wind and bioenergy, with selected other green infrastructure opportunities such as renewable heat, designed ...
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April, 2020
LGPS trustee knowledge to be tested
Hymans Robertson has launched a national assessment to measure levels of knowledge and understanding in the local government pension scheme. The National Knowledge Assessment will provide LGPS funds with a clear insight into the knowledge levels of their key decision-makers on a national basis. The assessment will provide evidence and information to all ...
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April, 2020
Schemes ordered to test assets for climate risk
Trustees will be required to stress test their investment portfolios against a range of climate-related risks, according to provisional guidance launched by the government. An amendment to the pensions bill will give the government the power to mandate schemes to report on the potential impact of climate change and the low carbon transition on their assets ...
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April, 2020
Government soon to unveil McCloud remedies
The government is “developing proposals” to address the unlawful age discrimination identified in public sector pension schemes by the Court of Appeal in the McCloud case. Under the reforms introduced in 2015, older members could stay in their existing schemes, while newer members had to transfer to a less generous scheme. However, in 2018 the court ...
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April, 2020
From hurting to healing
Joachim Fels, Managing Director, Global Economic Adviser, PIMCO. Joachim Fels of PIMCO expects the global economy and financial markets to transition from intense near-term pain to gradual healing over the next six to 12 months. Warning however, that there is a risk of an uneven recovery, with significant setbacks along the way and some permanent ...
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April, 2020
Franklin Templeton acquires Legg Mason
Franklin Templeton has announced plans to acquire rival Legg Mason, creating a global investment management group with more than $1.5 trillion in assets under management. The deal, valued at $6.5 billion including debt, will increase the group’s alternative and institutional asset base. Franklin Templeton president and chief executive, Jenny Johnson, ...
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April, 2020
Are we facing the end of active investment management?
Stephen Hearle, Co-Head of Institutional, & Wholesale Distribution, Nordea Asset Management UK. Stephen Hearle of Nordea Asset Management UK considers the benefits and drawbacks of both active and passive approaches to investment management Despite the growth of passive investing over recent years, the debate about active vs. passive management ...
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April, 2020
Active vs passive: which offers the best value for money?
Emma Powell, LAPF Investments. Emma Powell looks at some of the factors to be conisdered when choosing between active and passive approaches to fund management Passive investment products are biting at the heels of active strategies. A lower cost of fees and scepticism towards the level of outperformance that can be achieved through manager skill has ...
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