Pension funds are experiencing a second wave of innovation in the liability-driven investment market, as pension schemes increasingly use derivatives to gain synthetic exposure to asset classes, Redington Partners says.
Co-chief executive officer Robert Gardner explained that since 2003 when the LDI market was borne, the use of derivatives - or unfunded securities - to manage risk has become much more commonplace. ...
The secretary of state for work and pensions has told MPs clawback and avoidance measures could be imposed for the people responsible for driving Carillion over the cliff.
Occupational pension provision has continued to grow in value, but there remains large variance in incomes across the pensioner age group, according to latest government data.
Defined benefit (DB) schemes could have an aggregate surplus by 2021 under Pension Protection Fund (PPF) projections, its strategic plan for 2018 to 2021 reveals.
Investment consultants are failing to recommend products that outperform net of fees, the Competition and Markets Authority (CMA) has said as its investigation into the market continues.