UK - Barclays Global Investors has launched two enhanced index fixed income funds which have already secured commitments from energy giant, ExxonMobil.
BGI claims the funds – which will invest in European corporate and government bonds – are the first European pooled enhanced index bond funds to be aimed at institutional investors.
Both funds are benchmarked to the Citigroup Euro Bond Investment Grade Index and the Citigroup Euro Government Bond Index.
The funds aim to outperform these indices by 0.50-0.55% per annum and 0.40-0.45% per annum, respectively. The minimum investment is e250,000 (£171,000).
ExxonMobil’s group pension funds have already committed to the funds.
The schemes have invested e51m in the BGI Euro Corporate Enhanced Index Fund and e99m in the BGI Euro Government Enhanced Index Fund.
Kim Gubler says it is time that schemes and administrators reassess SLAs and look at what real people need from their pension schemes and when
The Pensions Regulator (TPR) is focusing on reducing the number of "poorly-run" schemes as it seeks to improve standards across the board.
Prudential Retirement has completed around $2.6bn (£2bn) of reinsurance contracts for UK pension scheme longevity risk since the start of the year, it has disclosed.
Funding standards for DB schemes have increased exponentially over the past decades. Con Keating says such significant overstatement of liabilities will lead to pushback through the courts.