Pension funds will stick with equities - KPMG

UK management consultancy KPMG believes that a lack of supply of long-dated sterling bonds will result in pension funds maintaining their exposure to equities. Transferring all the industry's equity holdings would require around £515 billion of bonds, says KPMG, while the total value of outstanding long-dated sterling bonds is around £300 billion. £150-200 billion of this is already held by pension funds with defined benefit schemes, which leaves £100-150 billion of sterling long-dated bonds

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Stemming the tide of rising FX settlement risk

As the trading of emerging markets currencies gathers pace and broader uncertainty sweeps across financial markets, CLS is exploring alternative services designed to mitigate settlement risk for the FX market

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