This month’s index shows buyout affordability at persistently low levels, but buy-ins achieved at much better rates. Trustees are also urged to take advantage of infrastructure investments.
Pensions Week quizzed leading scheme managers, chief investment officers, trustees and consultants on investment beliefs. The findings were illuminating, occasionally contradictory, but all evident of how schemes are having to adapt to survive a tough economic environment.
Low yields from fixed income and the accompanying rise in asset valuations have forced pension funds and their advisers to seek alternatives, and potentially a higher level of risk. But does anyone have the answer?
Trustees were asked: ‘What word would you use to describe your responsibilities as an institutional investor, and why?’. David Rowley delves into their responses.
‘Is there anything fund managers could be doing better, or that you would like to see more of?’ This was the question asked of trustees and scheme managers. David Rowley reports on their reactions
With risk and return at the forefront of most schemes’ investment strategies, trustees hope multi-asset funds will provide that indefinable piece of alchemy to get them through tough economic times.
One of the worst insults ever hurled at pension schemes is that they are often hundred million-pound businesses run with all the sophistication of a corner shop.
Pensions Week conducts exclusive research, in association with Threadneedle Investments, to discover more about the investment decisions taken by scheme managers, trustees, consultants and fund managers.
There is increasing belief property has emerged from being an alternative asset to a crucial part of a scheme's allocation. As trustees become more comfortable with this asset class, Charlie Thomas surveys the existing players to provide clarity on the main differences between fund managers.
Avenues for domestic infrastructure investing are really starting to open up but, for many schemes, higher returns — and risks — are tempting them overseas. Despite pension funds' long-term outlook, says Ian Smith, special consideration must be given to costs, as well as legal and currency risks.
The fund managers who took part in last week’s survey naturally took a bullish and upbeat account on the propect of emerging market debt (EMD) vis-a-vis other asset classes. This week we talk to trustees and consultants to seek a more sceptical look at the asset class.
Those who took part were Mercer, Pitmans Trustees, Aon Hewitt, The Pensions Trust, Buck Consultants, JLT and Cardano.
pensionsweek: Top story is on ABF's TDFs/comms recipe for 3% opt-out http://t.co/ev7ooJJ3dz #autoenrolment
pensionsweek: Managing auto-enrolment? http://t.co/ev7ooJJ3dz our microsite has the latest case studies, video and news analysis on the employer duties
pensionsweek: RT @iankmsmith: On Associated British Foods' use of TDFs and comms for auto-enrolment and its resulting tiny initial opt-out rate http://t.…
pensionsweek: This week's splash: Associated British Foods reports 3% AE opt-out http://t.co/ez7TEcZyIt
pensionsweek: Experts divided over code change implications: http://t.co/0PXqn3jz20