Record low gilts yields are crippling the growth of liability driven investments after aggregate new inflows flatlined at close to zero last year, a report by KPMG shows.
The professional services firm’s survey of 14 UK-based fund managers shows that the decline in yields on government bonds has caused the number of scheme LDI mandates to stagnate at around 600 last year....
PTL has appointed Karein Davie as a client director in its Birmingham office.
The level of interest rate hedging increased to £29.5bn of liabilities in the second quarter as pension funds continued to de-risk, according to BMO Global Asset Management's research.
UK inflation has risen for the first time since November to 2.5% in July, up from 2.4% in June, thanks to rising fuel costs and the price of computer games.
The number of DB pension scheme trustees targeting a buyout with an insurer has increased significantly in the past five years, latest research from Willis Towers Watson shows.