Credit downgrades pose 'serious challenge' for UK schemes

James Phillips
clock • 2 min read

A falling average quality of fixed income indices combined with intensifying competition for high-quality assets could make it more challenging and costly for pension funds using benchmarks.

More than $1trn of corporate issues have been downgraded since the start of Covid-19, AXA Investment Managers said, leaving high-quality assets in short supply while demand is rising. Over the l...

To continue reading this article...

Join Professional Pensions

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions member?

Login

James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

More on Investment

Aerial view of Miller's Quay 'topping out' ceremony

PIC and LGRI update on BTR projects

PIC completes £130m Wirral housing project while LGRI funds Belfast apartment build

Jasmine Urquhart
clock 09 June 2023 • 3 min read
Sustainable Investment Festival ⁠2023: Five days to go

Sustainable Investment Festival ⁠2023: Five days to go

Guest speakers at the festival include Nigel Kershaw OBE and Simon Reeve

Professional Pensions
clock 09 June 2023 • 1 min read
HSBC AM’s Maria Ryan: Demand from institutional investors

HSBC AM launches second vintage of senior UK direct lending strategy

Strategy focuses on underserved lower-risk senior segment of the market

Jonathan Stapleton
clock 08 June 2023 • 2 min read
Trustpilot