Investment

Fiduciary management is increasing in popularity among larger schemes seeking to overcome governance hurdles, KPMG says.

Pension funds could face a dilemma over their fiduciary duties as falls in gilt yields mean they may have to buy securities that are guaranteed to lose money, according to Cambridge Associates.

Trustees and sponsors of UK defined benefit (DB) schemes should consider diversifying their growth portfolios to protect against the possibility of a market crash, according to Cambridge Associates.

Teachers and doctors could have grounds for a legal challenge against the government for age discrimination if they have been moved to a less beneficial pension scheme, Leigh Day says.

Although the focus of CDI is often on meeting assumed liability outflows, in reality it is all about securing the asset inflows.

Irrespective of size, funding level or maturity, defined benefit (DB) pension plans have one common goal: to pay members' pensions in full and on time.

Integrated Risk Management (IRM) brings together covenant, funding and investment risks, and assesses how these components interact with each other.

One of the key benefits of fiduciary management is that it gives trustees the time and resources to focus on high-level issues, which should mean they can make more informed decisions about strategy.

Pension funds that decide to invest in standalone fiduciary management funds are being reassured that they will not be subject to mandatory tendering requirements.