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    • Upcoming events
      event logo
      Investment Conference

      This two part Investment Conference will bring you the latest updates from economists, asset managers and pension consultants. We will be taking a look at the outlook for the 2021 economy, alternatives, cashflow strategies and global equity markets to name a few, assessing how they fared through the volatility and what we can expect for the year ahead.

      • Date: 29 Jan 2021
      • Digital Conference
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      Webinar: What to put on your GMP Equalisation project roadmap for 2021

      This webinar will bring together views from actuaries, lawyers, administrators, trustees and data experts to look at the pragmatic, collaborative solutions that are open to schemes to solve the GMP equalisation challenges in 2021. It will assess the individual challenges schemes face with equalisations and provide some practical options that are available to resolve these issues.

      • Date: 02 Feb 2021
      • Webinar
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      Webinar: Will the world return to normal in 2021?

      In this webinar, PP editor Jonathan Stapleton will be joined by BMO’s chief economist Steven Bell and director of fiduciary management, Christy Jesudasan, alongside PTL trustee director Melanie Cusack and Isio’s head of fiduciary management oversight Paula Champion to discuss the significant impact of these themes on the pensions sector.

      • Date: 04 Feb 2021
      • Webinar
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      Webinar: Investing for the transition to net-zero

      Pension schemes are now facing increasing government, regulatory, and member demand to manage the financial risks associated with the anthropogenic consequences of the environmental crisis. But how best to manage this transition to net-zero? And, in the rush to invest in carbon friendly assets, are investors potentially missing out on potential returns generated by the transition theme, investing in assets that may not be carbon neutral but have the potential to significantly improve their environmental credentials over time. This webinar will discuss at the transition theme, look at the opportunity set available and ask how this can help schemes achieve superior returns while moving towards a net-zero portfolio.

      • Date: 11 Feb 2021
      • Webinar
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  • Whitepapers
    • How DC schemes can gain exposure to different asset classes in a low-return environment

      So far, DC plans have largely been focused on the onset of auto-enrolment and changes to the regulatory framework - be it the ‘charge cap,' ‘pension freedoms' or consultations around ‘value for money', says Annabel Tonry, Executive Director at J.P. Morgan Asset Management (JPMAM).

      Download
      Pension freedoms three years on

      In 2015 George Osborne, then the UK Chancellor of the Exchequer, decided that those age over 55 could take much more of their pension in cash. This has since opened up a range of possibilities for DC scheme members in the world of pensions.

      Download
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CDI

How to build cashflow strategies amid Covid-19
How to build cashflow strategies amid Covid-19

As more schemes look at building a CDI strategy amid the economic crisis, Sebastien Proffit looks at what to consider.

  • Investment
  • 05 August 2020
Hear from TPR and PPF at PP's Risk & Scheme Funding Forum - register now
Hear from TPR and PPF at PP's Risk & Scheme Funding Forum - register now

The Pensions Regulator (TPR) and Pension Protection Fund (PPF) will deliver keynote addresses at Professional Pensions’ Risk and Scheme Funding Forum next week.

  • Industry
  • 26 February 2020
Exclusive: Schroders pension scheme allocates £800m of DB assets to in-house solution
Exclusive: Schroders pension scheme allocates £800m of DB assets to in-house solution

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.

  • Defined Benefit
  • 05 February 2020
Is it time to ditch CDI for RDI?
Is it time to ditch CDI for RDI?

Return-driven investment strategies can deliver a better match for scheme-specific return targets via a more diversified and liquid portfolio, argues Gavin Orpin.

  • Investment
  • 28 November 2019
Industry Voice: CDI - Is solely sterling feasible?
Industry Voice: CDI - Is solely sterling feasible?

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.

  • Investment
  • 13 October 2019
Average allocation to CDI doubles over 18 months
Average allocation to CDI doubles over 18 months

The average pension scheme allocation to cashflow-driven investment (CDI) assets doubled over the 18 months to June this year, according to RiskFirst.

  • Industry
  • 02 October 2019
ESG integration should find its natural home in CDI strategies
ESG integration should find its natural home in CDI strategies

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.

  • Investment
  • 25 September 2019
DB schemes continue move out of equities in favour of illiquids
DB schemes continue move out of equities in favour of illiquids

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.

  • Defined Benefit
  • 24 September 2019
The challenge of sterling credit shortages in CDI portfolios
The challenge of sterling credit shortages in CDI portfolios

Sterling credit assets are in relatively short supply. Sebastien Proffit looks how this can affect scheme CDI strategies.

  • Investment
  • 23 July 2019
What's the catch with CDI?
What's the catch with CDI?

Kerrin Rosenberg says while the rise of CDI is positive, understanding the risk and return aspect is a great challenge

  • Investment
  • 15 July 2019
Three-quarters of schemes will be using CDI by next year, finds AXA IM
Three-quarters of schemes will be using CDI by next year, finds AXA IM

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.

  • Investment
  • 11 June 2019
Striving for a more certain world
Striving for a more certain world

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

  • Defined Benefit
  • 28 March 2019
Credit where credit is due
Credit where credit is due

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

  • Defined Benefit
  • 28 March 2019
Harrods' DB scheme appoints XPS as investment adviser
Harrods' DB scheme appoints XPS as investment adviser

The Harrods Group Pension Plan has selected XPS Pensions Group to provide investment advice, following a competitive tender process.

  • Industry
  • 12 February 2019
Exploring the benefits of alternative credit
Exploring the benefits of alternative credit

Panellists discuss alternative credit, ask how schemes can use it in their portfolios and explain the benefits of allocations to this asset class.

  • Investment
  • 28 November 2018
Average DB scheme able to meet 93% of benefits, says LGIM
Average DB scheme able to meet 93% of benefits, says LGIM

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).

  • Defined Benefit
  • 13 November 2018
Defining the two types of cashflow-driven investing
Defining the two types of cashflow-driven investing

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.

  • Investment
  • 02 April 2018
How cash-flow driven investment can help deliver the pensions promise
How cash-flow driven investment can help deliver the pensions promise

Abhishek Srivastav and James Waters assess how maturing schemes can manage cashflows and mitigate investment risk

  • Investment
  • 13 October 2017
Catch-22 and the rise of cash-driven investing
Catch-22 and the rise of cash-driven investing

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

  • Liability Driven Investment
  • 30 June 2017
Schemes should invest in global equity and multi-asset for cash flow needs
Schemes should invest in global equity and multi-asset for cash flow needs

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.

  • Defined Benefit
  • 29 June 2017
90% of all DB benefits could be paid off with cashflow-driven strategy
90% of all DB benefits could be paid off with cashflow-driven strategy

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.

  • Investment
  • 16 June 2017
The new pension scheme challenge - managing cashflow efficiently
The new pension scheme challenge - managing cashflow efficiently

Jonathan Crowther and Sebastien Proffit say schemes need to prepare their portfolios to deal with increased cashflow requirements.

  • Investment
  • 05 April 2017
Schemes need to plan for being cashflow negative
Schemes need to plan for being cashflow negative

Sorca Kelly-Scholte says schemes need to start looking at making changes to investment strategies as they become cashflow negative.

  • Investment
  • 27 January 2017
Hymans Robertson: More than half of FTSE 350 schemes cashflow negative
Hymans Robertson: More than half of FTSE 350 schemes 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.

  • Defined Benefit
  • 01 November 2016
12

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L&G agrees £400m deal with own scheme
Mark Stocker dies following cancer battle
Mark Stocker dies following cancer battle
PLSA unveils six policy board appointments
PLSA unveils six policy board appointments
Boohoo acquisition of Debenhams leaves schemes with PPF
Boohoo acquisition of Debenhams leaves schemes with PPF
Think tank floats Aviva-backed lower income-focused retirement target framework
Think tank floats Aviva-backed lower income-focused retirement target framework
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