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      You are currently accessing ProfessionalPensions via your Enterprise account.

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  • Events
    • Upcoming events
      event logo
      Admin & Data Forum 2021

      This concise half-day event will explore a variety of different issues affecting scheme managers, through a combination of informative presentations and interactive panel debates, including GMP equalisation, the pensions dashboard, the accuracy and quality of members data and the latest trends in scheme administration.

      • Date: 04 Mar 2021
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      Defined Benefit Consolidation Conference

      Professional Pensions is hosting this concise digital event on the 25th March to provide a crucial update on where the current regulation stands on DB Consolidators, assess the different models available, what the expected funding levels are and the governance requirements. This event will be a combination of short presentations followed by live Q&A’s with our expert speakers allowing plenty of time to answer your questions.

      • Date: 25 Mar 2021
      • Digital Conference
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      Sustainable Investment Festival 2021

      The Sustainable Investment Festival will run online from 22-25 June and will include thought-provoking presentations from renowned keynote speakers, innovative breakout events and sessions specifically tailored to meet the information needs of fund selectors, financial advisers, pension consultants, trustees and scheme managers.

      • Date: 22 Jun 2021
      • Online, Online
      event logo
      UK Pensions Awards 2021

      The UK Pensions Awards – now in their 24th year – remain the industry's most prestigious accolades. They shine the light on excellence and recognise the advisers, providers and investment managers that offer the highest level of innovation, performance and service to occupational pension schemes and their members, and have done the most to improve this over the past year.

      • Date: 14 Sep 2021
      • London
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  • Whitepapers
    • How DC schemes can gain exposure to different asset classes in a low-return environment

      So far, DC plans have largely been focused on the onset of auto-enrolment and changes to the regulatory framework - be it the ‘charge cap,' ‘pension freedoms' or consultations around ‘value for money', says Annabel Tonry, Executive Director at J.P. Morgan Asset Management (JPMAM).

      Download
      Pension freedoms three years on

      In 2015 George Osborne, then the UK Chancellor of the Exchequer, decided that those age over 55 could take much more of their pension in cash. This has since opened up a range of possibilities for DC scheme members in the world of pensions.

      Download
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    You are currently accessing ProfessionalPensions via your Enterprise account.

    If you already have an account please use the link below to sign in.

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Liability Driven Investment

Current credit spreads well suited to LDI despite Covid-19
Current credit spreads well suited to LDI despite Covid-19

Schemes can tap into elevated illiquidity elements by incorporating global investment-grade credit into a liability driven investment (LDI) strategy, says Aon.

  • Liability Driven Investment
  • 18 May 2020
SSGA 'revolutionises' pooled LDI sector with funds launch
SSGA 'revolutionises' pooled LDI sector with funds launch

State Street Global Advisors has created a solution to help small to medium-sized defined benefit (DB) schemes access benefits typically only available for larger segregated mandates.

  • Investment
  • 11 April 2019
Why peak LDI could be further off than we think
Why peak LDI could be further off than we think

Predictions that LDI flows could peak as soon as 2021 have led to hopes of higher gilt yields. However, Stephanie Baxter finds there are many variables at play.

  • Investment
  • 12 September 2018
Catch-22 and the rise of cash-driven investing
Catch-22 and the rise of cash-driven investing

Schemes are becoming cashflow negative at a time they can ill-afford any drag on investment returns. Sorca Kelly-Scholte and Maria Ryan look at solutions to this Catch-22

  • Liability Driven Investment
  • 30 June 2017
Is the gilts market reaching breaking point?
Is the gilts market reaching breaking point?

Structural imbalances in the gilts market have worsened since the central bank's QE programme faced major setbacks. Supply is squeezed and prices are distorted, pushing down yields yet again. Stephanie Baxter asks if we should be worried.

  • Investment
  • 16 August 2016
Is LDI still working?
Is LDI still working?

While LDI has been a helpful risk management tool it must adapt to a world where yields have yet again fallen to record lows and prospects for growth assets have deteriorated. Stephanie Baxter reports

  • Investment
  • 05 July 2016
LDI activity swells by 13% in a year
LDI activity swells by 13% in a year

The amount of hedged defined benefit (DB) liabilities grew to £741bn by the end of 2015 according to KPMG.

  • Investment
  • 21 June 2016
Reducing the impact of central clearing on LDI strategies
Reducing the impact of central clearing on LDI strategies

Mitigating the impact of central clearing

  • Investment
  • 10 March 2016
BMO expands LDI team with hires from LGIM and Towers Watson

BMO Global Asset Management has made two appointments to its liability-driven investment (LDI) team as the firm expects strong growth in the business.

  • Liability Driven Investment
  • 19 November 2015
LDI activity falls by more than a quarter in Q3

Interest rate and inflation hedging activity dropped by 24% and 27% respectively in the third quarter, according to BMO Global Asset Management's liability-driven investment (LDI) survey.

  • Investment
  • 17 November 2015
L&G annuity sales plummet

Individual annuity sales at Legal and General (L&G) have fallen by more than half this year, and its bulk annuity business has failed to pick up the slack, figures show.

  • Defined Benefit
  • 05 August 2015
How the evolution of LDI could hinder buyouts

LDI has been a helpful tool for schemes looking to de-risk. But does the emerging use of illiquid assets mean LDI could become a hindrance to achieving buyout? Stephanie Baxter investigates.

  • Risk Reduction
  • 22 July 2015
Scheme inflation hedging hits record £14bn high

UK pension schemes hedged a record £13.9bn of inflation risk in the first quarter of the year, according to research from F&C.

  • Liability Driven Investment
  • 24 May 2012
Pensions Conjecture: Liability Driven Investment

Listen to our latest Pensions Conjecture debate on Liability Driven Investment

  • Liability Driven Investment
  • 17 January 2012
Asset swap activity pushes liability hedging to record levels

A 90% surge in interest rate hedging and a 14% increase in inflation hedging drove the value of scheme liabilities hedged in the third quarter of the year above £22bn, research shows.

  • Liability Driven Investment
  • 16 November 2011
LDI: an imperfect investment solution

A new paper by Con Keating, head of research at Brighton Rock Group, called into question the validity of liability driven investing. But industry experts believe LDI, while not perfect, is one of the best solutions pension funds have. Iain Morse reports...

  • Liability Driven Investment
  • 01 November 2011
LDI 'fundamentally misconceived' - report

UK - Liability-driven investment is "fundamentally misconceived" because it hedges low interest rates which in fact increase corporate profitability, a radical report finds.

  • United Kingdom
  • 23 September 2011
LDI 'fundamentally misconceived' - report

Liability-driven investment is "fundamentally misconceived" because it hedges low interest rates which in fact increase corporate profitability, a radical report finds.

  • Liability Driven Investment
  • 23 September 2011
LGIM launches LDI platform

Legal & General Investment Management has launched a pooled fund platform that offers pension schemes a flexible version of liability-driven investment.

  • Investment
  • 24 August 2011
LDI market becoming an oligopoly

UK - The £240bn ($390bn) liability-driven investment market is developing into an "oligopoly" with just three providers managing more than 80% of assets, research finds.

  • Liability Driven Investment
  • 15 August 2011
Lloyd's Register scheme to overhaul investment focus

The £650m Lloyd's Register Superannuation Fund Association is to undertake a wholesale review of its investment strategy and mandates.

  • Investment
  • 10 August 2011
Schroders pushes further into LDI market with five funds

Schroders has launched five synthetic gilt funds to hedge against interest and inflation risk as it seeks to push further into the growing liability-driven investment market.

  • Liability Driven Investment
  • 04 August 2011
New York Life launches near-term LDI strategy

New York Life Investments has launched the Guaranteed Interest Pension Account (GPA) to help corporate plans better manage their near-term liabilities.

  • US
  • 01 June 2011
Swap drop - interest rate hedges plummet 24%

Interest rate hedges by pension funds fell by 24% over the first quarter of the year, hit by a difficult swap market and stale funding levels, F&C reports.

  • Liability Driven Investment
  • 16 May 2011
123

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