As any former university student might recall, individuality is a positive trait among academics. And like a professor rejecting the corporate dress code, the Universities Superannuation Scheme - that manages the pensions of UK academics - has rejected the wholesale move to liability driven investment (LDI) that now dominates the corporate pensions landscape.
Instead of looking to de-risk its pension promises in the face of market volatility, the USS has taken a traditional actuarial line and
- Brexit novations ‘on hold’ to gain reg relief
- Banks hope final FRTB rules will ease NMRF burden
- Functional programming reaches for stardom in finance
- People moves: Bank of America names new Apac chiefs, Wilkinson leaves LGIM, Lloyds loses Coutte, and more
- Mifid data publishers drag feet on Esma guidelines