News

The Debt Management Office has "no plans" to introduce CPI-linked gilts to help schemes hedge inflation, PP can reveal.

The UK and US defined contribution markets are swapping attitudes towards annuitisation, industry figures say

UK/US - The UK and US defined contribution markets are swapping attitudes towards annuitisation, industry figures say.

Trustees could be on the hook for liabilities up to 15 years after a buyout has occurred if they fail to take adequate insurance cover, lawyers warn.

Schemes that have bought out member benefits to Pension Protection Fund levels are still being forced to pay the lifeboat's levy despite posing it no threat, a lawyer says.

UK - Trustees could be on the hook for liabilities up to 15 years after a buyout has occurred if they fail to take adequate insurance cover, lawyers warn.

AUSTRALIA - The Australian coal industry's superannuation fund has awarded a A$97.5m ($89bn) managed volatility mandate to Acadian Asset Management.

IRELAND - Defined contribution scheme investors should avoid long-term bonds as the trend towards historically low interest rates is likely to reverse over the medium term, Hewitt Associates believes.

UK/CANADA - The Canada Pension Plan Investment Board (CPPIB) has set up a joint venture with Hammerson to acquire a £183m ($291m) City of London office block.

US/UK - Curtis Arledge, former chief investment officer for BlackRock's fundamental index portfolio, will join BNY Mellon Asset Management as vice chairman and chief executive.