Investment

Pension schemes are increasingly appointing chief investment officers for in-house investment expertise and to slash the costs incurred by using third-party consultants, DMGT says.

Disappointing returns from active managers sparked an overhaul of investment strategy at the £9.6bn Strathclyde Pension Fund, delegates heard.

Some 73% of trustees plan to cut scheme exposure to risk but 65% say the price of de-risking strategies is holding them back, research reveals

Sebastian Cheek discovers an industry in favour of scrapping compulsory annuitisation at 75 but one that says the new coalition must do more to address the wider tax framework around retirement savings

Schemes must be wary of currency exposure, particularly when hedging to sterling, J.P. Morgan Asset Management warns.

Emerging market debt is set to benefit most once the current market fear and risk aversion subsides, J.P. Morgan Asset Management says.

The Nationwide Building Society has revealed a net £508m IAS19 pension deficit, a £177m increase over the year.

A batch of 40-year inflation-linked gilts - being sold by the Debt Management Office this week - has been branded as "expensive" by a consultant.

UBS has launched its Diversified Return Fund which aims to produce equity-like returns from a multi asset portfolio but for defined benefit schemes which do not have the risk appetite for full equity-like volatility.

The European rescue package has provided long-term investors with the opportunity to sell their sovereign debt holdings, PIMCO says.