Pension schemes are increasingly seeking to "re-strike" swaps with banks in order to gain cash to spend on more attractive assets, P-Solve says.
Risk management solutions team investment director Ben Clissold said many schemes had seen large mark-to-market valuation increases on their swap portfolios as interest rates have fallen significan...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date