Interest rate hedging increased 44% in the last three months of last year, driven by pension schemes rushing to capitalise on attractive market swap levels, a survey suggests.
Nearly £9.9bn of liabilities were hedged using derivatives in Q4 2010, up from nearly £6.85bn of hedges between July and the end of September, according to F&C. The investment manager said the dramatic...
The top stories this week were the High Court's decision to block the £12bn annuity transfer from Prudential to Rothesay Life, and a separate court ruling that 'raises the bar' for pension rectification exercises.
Guaranteed minimum pension (GMP) equalisation has soared to the top of pension schemes' to-do lists, with 58% stating it is a priority project, research from Equiniti has revealed.
Professional Pensions is holding its defined contribution (DC) conference on 4 September.