As more schemes look at building a CDI strategy amid the economic crisis, Sebastien Proffit looks at what to consider.
The Pensions Regulator (TPR) and Pension Protection Fund (PPF) will deliver keynote addresses at Professional Pensions’ Risk and Scheme Funding Forum next week.
The Schroders Retirement Benefits Scheme (SRBS) is allocating £800m of its defined benefit (DB) assets to its in-house cashflow driven investing (CDI) building blocks.
Return-driven investment strategies can deliver a better match for scheme-specific return targets via a more diversified and liquid portfolio, argues Gavin Orpin.
Given the modest size of the UK IG corporate bond market, we believe a globally-focused and actively managed IG corporate portfolio and a careful portfolio construction can help UK DB schemes.
The average pension scheme allocation to cashflow-driven investment (CDI) assets doubled over the 18 months to June this year, according to RiskFirst.
Portfolios constructed using a cashflow-driven approach can prove to be a good fit for meeting ESG regulatory requirements and mitigating risk, says David Curtis.
Over half of all UK defined benefit (DB) schemes have reduced their investment in equities over the last two years while diversifying into alternative growth assets, according to Aon.
Sterling credit assets are in relatively short supply. Sebastien Proffit looks how this can affect scheme CDI strategies.
Kerrin Rosenberg says while the rise of CDI is positive, understanding the risk and return aspect is a great challenge
The majority of schemes are now using cashflow-driven investment (CDI) strategies as closures drive up the number of pensioners, AXA Investment Managers (AXA IM) research finds.
At the recent Risk Reduction Forum, hosted by Professional Pensions, Schroders' Hannah Simons discussed how cashflow driven investment can provide greater confidence of achieving a strategic goal
Cashflow driven investment strategies can provide a greater certainty of outcome, while also enhancing a scheme's risk management framework, says Schroders' head of fiduciary management Hannah Simons
The Harrods Group Pension Plan has selected XPS Pensions Group to provide investment advice, following a competitive tender process.
Panellists discuss alternative credit, ask how schemes can use it in their portfolios and explain the benefits of allocations to this asset class.
A typical defined benefit (DB) scheme was able to meet 92.9% of its accrued pension rights as of 30 September, according to Legal & General Investment Management (LGIM).
LGIM's Graham Moles and John Roe look at the difference between cashflow matching and cashflow aware investing and discuss the role equities can play as part of the CDI spectrum.
Abhishek Srivastav and James Waters assess how maturing schemes can manage cashflows and mitigate investment risk
Schemes are becoming cashflow negative at a time they can ill-afford any drag on investment returns. Sorca Kelly-Scholte and Maria Ryan look at solutions to this Catch-22
Capital Group and Newton Investment Management have teamed up to raise awareness of how negative cash flows among defined benefit (DB) schemes should be tackled differently.
It should be possible to pay 85%-90% of the estimated £3.3trn of promised benefits if schemes have the right risk management and investment strategies in place, according to Redington.
Jonathan Crowther and Sebastien Proffit say schemes need to prepare their portfolios to deal with increased cashflow requirements.
Sorca Kelly-Scholte says schemes need to start looking at making changes to investment strategies as they become cashflow negative.
The number of FTSE 350 defined benefit (DB) plans which are cashflow negative has increased from 50% to 57% over the course of the year according to Hymans Robertson.