Schemes are delaying de-risking plans and reviewing automatic triggers as sponsors increasingly believe gilt yields will rise in the short term, a senior actuary says.
Buck Consultants senior corporate actuary Colin Richardson said companies are increasingly concerned their schemes are automatically buying gilts at expensive prices as they hit dynamic de-risking triggers....
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.