Three-quarters of schemes will be using CDI by next year, finds AXA IM
The majority of schemes are now using cashflow-driven investment (CDI) strategies as closures drive up the number of pensioners, AXA Investment Managers (AXA IM) research finds.
Just over half (52%) of schemes are already using such a strategy, while another 21% are planning to do so in the next 12 months as they become cashflow negative. AXA IM interviewed 48 pension funds...
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