A falling average quality of fixed income indices combined with intensifying competition for high-quality assets could make it more challenging and costly for pension funds using benchmarks.
The resilience of credit investors will be tested as the world recovers from Covid-19, says Colin Purdie.
Corporate and Strategic fund
While concerns around credit market liquidity have been rising since the global financial crisis, the Covid-19 sell-off has highlighted how fragile liquidity can be during periods of real stress. Colin Purdie discusses the short- and long-term implications...
While equities are often considered the best weapon to wield in ESG-related engagement, pension schemes also have huge power through their bond allocations, says Mitch Reznick
Defined benefit (DB) schemes mimicking typical insurer fixed income portfolios are failing to use their greater regulatory freedoms to maximise returns with higher risk, JP Morgan Asset Management says.
The Pensions Regulator (TPR) is working to "enhance" the Bank of England's monitoring of how schemes use non-bank leveraged loans amid warnings they may not be able to absorb losses in a stress scenario.
Industry voice: Aberdeen Standard Investments sets out why schemes should invest in private credit.
NEST has launched a tender process to find a manager for its first global investment-grade corporate bond fund.
The Lancashire County Pension Fund and the London Pensions Fund Authority have pooled £1.3bn of their existing credit investments into the Local Pension Partnership (LPP).
While it can be difficult to isolate the impact that ESG factors have on the performance of credit instruments, the research is becoming hard to ignore, finds Helen Morrissey
Willis Towers Watson has made three senior appointments in its global manager research team as part of plans to evolve its research structure to better align research and portfolio construction.
Research from Hermes Investment Management shows a clear relationship between environmental, social and governance (ESG) credentials and performance from a credit perspective.
While credit is currently looking expensive Sorca Kelly-Scholte believes it still has a role to play in pension scheme portfolios
Jonathan Crowther and Sebastien Proffit say schemes need to prepare their portfolios to deal with increased cashflow requirements.
Credit markets face challenges but there are opportunities for schemes finds Lynn Strongin Dodds
DB schemes are juggling the need to have sufficient cash to pay out pensions while still generating returns. Helen Morrissey asks if liquidity ladders are the answer
Shalin Shah looks at how smart beta is being used in credit and asks whether there is a different way.
Professional Pensions editor-in-chief Jonathan Stapleton talks to Pioneer Investments head of US credit Michael Temple about the outlook for the credit market.
The multi sector credit market has doubled in the past three years to £96bn as schemes seek higher yields in the low return environment, according to Punter Southall Investment Consulting.
Investors should be wary of crowded credit trades that are too limited in their focus, Hermes Investment Management has warned.
Bond market slowly begins to catch up with demand