UK schemes have been warned not to distort asset allocations to meet cash flow pressure from currency hedging strategies, after the pound suffered a weak January.
The pound fell 2.5% against the dollar and 5.25% against the euro over the course of the month. Figures from State Street Investment Analytics reveal most schemes still have no hedging, but those that...
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.