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 Pensions Regulator (TPR) has granted 11 master trusts extensions to apply for authorisation, as it confirms it has received 22 applications ahead of the 31 March deadline.
Aegon Master Trust, Fidelity Master Trust and Ensign have sent off their authorisation applications to The Pensions Regulator (TPR).
Self-administered pension funds spent £15bn on payments to pensioners in Q4 2018, but received just £12bn in contributions (net of refunds), Office for National Statistics (ONS) data reveals.
Aberdeen Standard Investments (ASI) and Gresham House are to team up to form a joint venture.