UK pension schemes should look outside the domestic inflation-linked gilt markets to the global bond markets to hedge risks and obtain higher yields, according to PIMCO.
Product manager Berdibek Ahmedov said the the UK index-linked gilt market is too expensive because of the demand from pension funds and limited supply. "You have around £1.1trn of liabilities linked...
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.