Pension funds
Insurers weigh the pros and cons of total return swaps
Many happy returns
Retirement of baby boomer generation heralds shift to fixed income
Baby boom, baby bust
Cern pension fund – moving beyond LDI
Frontiers of funding
Pension funds worried about CCP margin
Margin hunters
Asset swaps continue to support inflation market
Linking to new sources of inflation
Cash variation margin requirements worry pension funds
Having to post cash as variation margin to central counterparties (CCPs) will cause substantial yield losses for pension funds that conduct liability-driven investment (LDI) strategies, according to fund managers.
Botched legal work in BT privatisation responsible for potential £23 billion pension liability for UK taxpayers
Flawed legal agreement behind landmark UK privatisation leaves UK taxpayers counting the cost
UK’s TPR issues FSD on Lehman Brothers
The Pension Regulator takes a tough line with Lehman Brother creditors over UK pension fund deficit
Scor eyes UK pension funds’ longevity risk
Reinsurer Scor becomes the latest firm to enter the longevity arena
Pimco’s Andrew Balls talks about the European sovereign debt crisis
Balls says support packages "might just provide the opportunity for conservative investors to get out"
Danish pension funds hit out at cross-subsidy regulation
PKA and Sampension say cross-subsidy regulation threatens Danish pension system
Uncertain outcomes – insurers and pension funds tackle inflation risk
With central banks’ discount windows pouring money out at rock-bottom rates but economies still slow to use up excess capacity, the outlook for inflation has never been murkier. Uncertainty has created arbitrage opportunities for inflation risk managers…
Fixed income investors look to ethical funds – but do they pay?
Of all asset classes, fixed income has been one of the slowest to embrace ethical investment. Thanks in part to the growing influence of sovereign wealth funds, this may be set to change. But for many, lingering questions about whether constraining your…
Australian superannuation funds holding operational risk reserves
An Australian study by Mercer says 75% of super funds hold op risk reserves
Commodities ‘financialisation’ worries end-users
With recent statistics showing an increasing number of financial institutions jumping into commodities, Lianna Brinded investigates whether this will cause more risks to end-users
Morgan Stanley and UBS boost LLMA membership to 10
Life & Longevity Markets Association gains momentum
OECD urges pension regulators to reduce importance of market consistency in stressed periods
OECD argues market values should not drive pension regulation
Post-crisis pension fund strategic asset allocation
Pension investing is a long-term game – but the financial crisis forced most funds to adjust their strategies to meet the demands of short-term volatility. The impact of this experience has been felt differently across Europe. Clive Davidson reports
Sampension moves to intentional guarantees
Copenhagen fund agrees to move to intentional guarantees to avoid Solvency II charges
Ring-fencing may not protect benefits
Ring-fencing assets may not protect policyholder benefits, says Ceiops
Subdued times for buyouts
Dan DeKeizer, chief executive of MetLife Assurance, talks to Alexander Campbell
Superannuation changes may ignite Aussie VA growth
Variable annuities set to grow as Australia tackles pensions longevity issue