Defined benefit (DB) schemes cannot "survive bouts of market volatility" through liability hedging and a long-term investment horizon alone says Russell Investments.
Speaking to PP, head of liability driven investment solutions EMEA David Rae (pictured above) said volatility in risk assets was the biggest driver of funding level volatility for most schemes from the...
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.