Covid-19 has led to a collapse in real yields, creating a double-whammy for schemes of falling returns and increasing liabilities. James Macdonald asks if CoCo bonds can provide an opportunity for schemes in such an environment.
This is the first year since 2007 that all 35 OECD countries are growing but concerns remain over the US and China. Market corrections could be just around the corner, writes Charlotte Moore.
The International Monetary Fund (IMF) has revised down its forecast for global growth to 3.1% as economies feel the effect of low commodity prices and China's economic slowdown.