Base rate rise 'serves as important reminder' to DB trustees over asset allocation
Yesterday's increase in the Bank of England's (BoE) base rate will not have an immediate significant impact on defined benefit (DB) scheme funding but schemes should reconsider their investment allocation, industry commentators have said.
The increase of the base rate from 0.5% to 0.75% had been widely expected and was therefore priced in by the market, including by DB sponsors, but further rate rises from a "hawkish" monetary policy committee...
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PIC invests £250m in City of London Corporation
Pension Insurance Corporation (PIC) has invested £250m in debt issued by the City of London Corporation for a series of development projects in the capital.
FTSE 350 DB spending drops £4bn in largest year-on-year fall in a decade
Aggregate spending on defined benefit (DB) pensions has dropped from £19bn to £15bn in 12 months, according to Hymans Robertson.
DB funding - November 2019: Global equity rally drives down deficits
Every month, several firms issue trackers of the aggregate defined benefit (DB) scheme funding position. See here for the November 2019 estimates on the various measures…
Adapting pension fund portfolios to match ESG expectations
Most asset classes have a long way to go on meeting sustainability targets and the pressure to be environmentally compliant is increasing. Hope William-Smith reports
Exclusive: IC Select launches service to measure impact and quality of investment advice
IC Select has launched an oversight service to empower trustees to challenge the quality and success of their investment advisers.
