How do valuation method affect funding levels?
The build-it-yourself approach to pensions is an expensive and unsatisfactory experience, says Con Keating
Con Keating: Why the pensions world is plagued by spin
Con Keating reviews The Pension Regulator's paper: The Defined Benefit Regime - Evidence and Analysis.
Major consultants are advocating ‘multi-asset credit' strategies within pension scheme bond portfolios, which include active allocations across sub-investment grade debt.
Con Keating makes the case for a super-long conventional bond issuance.
A group of high-level chief investment officers has criticised modern portfolio theory for failing institutional investors.
A new paper by Con Keating, head of research at Brighton Rock Group, called into question the validity of liability driven investing. But industry experts believe LDI, while not perfect, is one of the best solutions pension funds have. Iain Morse reports...
Liability-driven investment is "fundamentally misconceived" because it hedges low interest rates which in fact increase corporate profitability, a radical report finds.