Investment

In this paper, Marshall Stocker, Ph.D, CFA, explores the key drivers of sovereign bond ratings, spread performance and frequency of defaults, paying particular attention to the determinant role that economic policy plays.

The Kent Pension Fund has reassured members that the closure of Woodford Investment Management will not affect its ability to pay benefits.

Flexible apportionment arrangements have become a commonly used tool for employers but, as Andy Lewis says, there can be issues for the unwary.

LEBC’s majority shareholder B.P. Marsh & Partners has reduced the valuation of its holding in the group by 33%, following its withdrawal from the defined benefit (DB) transfer market.

Given the modest size of the UK IG corporate bond market, we believe a globally-focused and actively managed IG corporate portfolio and a careful portfolio construction can help UK DB schemes.

The Pension Protection Fund (PPF) has begun increasing payments to all pensioner members whose compensation falls below 50% of their pre-insolvency entitlements solely due to caps.

LGPS Central has launched a multi-factor equity fund with climate considerations core to its investment process.

The collapse of Thomas Cook shows how company boards must give greater attention to how pay and dividends contrast to pension scheme contributions, says Stephen Richards .

While equities are often considered the best weapon to wield in ESG-related engagement, pension schemes also have huge power through their bond allocations, says Mitch Reznick

Flexibility means having the freedom to invest strategically across fixed-income markets. In this paper, we look at how flexible strategies generate returns by allocating capital and risk across the credit spectrum.