The UK liability-driven investment (LDI) market reached £517bn of liabilities hedged by the end of 2013 and has continued to expand this year, research finds.
KPMG's annual survey of the market found that it grew by 17% in the year to the end of December, but continues to be dominated by Legal and General (L&G), Insight and BlackRock. These ‘big three' account...
A number of pension schemes have been prompted to lock in gains with a move into bonds after the estimated deficit across FTSE 100 DB pension schemes improved by £36bn, over the 12 months ending 30 June last year, JLT Employment Benefits found.
HM Treasury has agreed in principle to give NEST a £329m contingent liability guarantee in the event of the master trust's wind up or closure.
AMP Capital has set up a dedicated team to help institutional investors, including pension funds, invest in infrastructure through direct equity allocations.