Calls for ‘collective responsibility’ ethos
A capital market solution for derisking longevity is possible, if only participants would accept existing mortality indices as benchmarks, according to Swiss Re.
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Chilman: trustee litigation could regress management by 20 years |
DC funds will take it slow
Scheme professionals have urged caution over using active and multi-asset investment strategies within defined contribution (DC) plans.
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Schemes say active management is unsuited to pensions investment
A third of trustees, managers and sponsors believe active management is “not suitable” for pension funds, a survey has revealed.
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Oil sands: mined in Canada |
Oil sands row tars industry
Oil sands extraction, the controversial mining practice employed in Canada by BP and others, will remain high on the corporate governance agenda for the foreseeable future.
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Further suspects announced
Three more suspects could face prosecution as part of the GP Noble fraud investigation, a preliminary hearing for the two accused trustees has heard.
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Myners says active fees ‘don’t add value’
Schemes should put the bulk of the £4bn they spend on active management fees towards more forceful corporate governance, according to Lord Myners.
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Males: focusing on emerging markets and the environment |
Engagement not exclusion governs most investment decision-making
Ethical funds that seek to constructively engage with firms are quickly replacing funds that exclude certain stocks, according to an environmental, social and governance (ESG) specialist.
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Mutual funds a bad deal for investors
Credit Suisse’s former UK fund unit head has revealed he set up a specialist passive investment boutique because mutual funds do not provide a good deal for investors.
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Taking stock of collateral
Collateral is set to be a major issue for schemes hedging their liabilities over the coming year, advisers and fund managers have warned.
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Webb: feels more compelled to actively engage through his bank |
Schemes failing to encourage activism
Liberal Democrat spokesman for work and pensions Steve Webb has criticised pension schemes for not seeking to engage their members in shareholder activism.
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Exley: climate change will have a serious impact on investors |
Emissions data should be made available to investors
Companies listed on the stock exchange should be required to disclose information regarding greenhouse gas emissions, according to a survey of fund managers.
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DC should focus on the funds
Most defined contribution (DC) investors would benefit from using passive funds over active vehicles, research from Watson Wyatt has concluded.
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Default funds go under the spotlight
Default funds in defined contribution (DC) schemes are increasingly under greater scrutiny, according to new research.
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Little: expanding Insight’s reach |
BNY Mellon deal takes Insight’s LDI to US clients
BNY Mellon has proposed rolling out Insight Investment’s liability-driven investment (LDI) business across the American bank’s portfolio of clients following the £235m takeover deal.
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BT tops responsible poll
The BT Pension Scheme’s responsible investment policies have won top spot in a ranking of funds with sponsors that are strong in corporate responsibility.
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Moody: longevity swaps are too opaque for LDI strategies |
LDI to protect against longevity
Longevity hedging could be the next development in liability-driven investment (LDI) strategies as schemes demand more than just inflationary and interest rate protection.
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LPFA to hedge out longevity
The London Pension Fund Authority (LPFA) is considering a shift from interest and inflation-linked swaps to longevity hedging for its £1.1bn pensioner fund.
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Prepare for workplace wrap revolution
The corporate benefit landscape will experience rapid change as workplace wrap platforms are implemented, according to the participants of a Pensions Management roundtable (see p32).
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Taylor: cost-saving option |
Scottish Widows provides schemes with innovative bulk calculation tool
Scottish Widows has boosted its corporate pensions proposition with the addition of a salary exchange tool and a self-investment option.
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