Total funding levels of defined benefit (DB) schemes in the Pension Protection Fund (PPF) 7800 have continued to fall against a backdrop of market volatility and falling gilt yields.
Volatility has risen ahead of the EU referendum with markets already reeling from a deflationary scare driven by the oil price fall. Kristian Brunt-Seymour finds schemes must take action now to mitigate their risk exposures.
There would be little to gain from Britain leaving the EU, according to a paper from BlackRock Investment Institute (BII).
Paul Farrell has been made head of UK institutional at JPMorgan Asset Management (JPMAM), replacing John Stainsby who stepped down in May 2015.
Total deficits of defined benefit (DB) schemes in the Pension Protection Fund (PPF) 7800 increased by more than a third over last month against a backdrop of falling gilt yields.
PP considers how big a risk this is for schemes and how they can manage it
BlackRock has reorganised its senior management team as it unifies its active equity strategies, globalises its fixed income business and creates a real assets group.
John Dewey has been made head of investment strategy by Aviva Investors.
Defined benefit pension schemes should be braced for a year of low funding ratios, weaker returns, and more volatility against an uncertain economic backdrop, according to BlackRock.
Here they are. The winners of the Professional Pensions Investment Awards (PPIA) 2015.