Investment

A round-up of the pensions industry stories published across the FT Group – from Brazilian schemes' ambitions abroad to a UK local government 'death spiral'.

News analysis: The Pensions Regulator’s 2013 annual funding statement has set out the flexibilities open to schemes in the tough economic climate, but pension professionals have said those carrying out valuations this year could find the process challenging.

Continued deliberation over the Pensions Infrastructure Platform is slowing overall investment in the asset class as schemes await detail on how the initiative will be set up, investment experts have reported.

Local authority funds have ramped up their interest in multi-asset strategies as they try to manage the impact of volatility on their investments, according to new investment data.

Prudential Staff Pension Scheme has made some tweaks to its benefits set-up to meet the legislative requirements for auto-enrolment, including setting its multi-asset lifecycle strategy as the scheme default.

A round-up of the pensions industry stories published across the FT Group – from Kodak's polarising deal to release its beleaguered sponsor from pension claims, to institutional investor protests at the European Commission's planned transaction tax.

The £1.4bn Dyfed Pension Fund has increased its emerging market equities exposure by 5 percentage points, the latest scheme to sell UK and European equities to target growth assets further afield.

Data Analysis: Schemes have ramped up their holdings of short-term assets since the turn of the millenium as managers battle negative cash flows, with their pension payments starting to overtake contributions.

The 10 founding investors of the Pensions Infrastructure Platform are locked in discussions about whether the £1bn fund should be managed in-house or externally, and whether or not it should accept construction risk.

Cadbury Pension Fund has decided to hedge approximately a fifth of its assets to manage the impact of interest rate and inflation changes on its pension promises.