Pension schemes are increasingly seeking to "re-strike" swaps with banks in order to gain cash to spend on more attractive assets, P-Solve says.
Risk management solutions team investment director Ben Clissold said many schemes had seen large mark-to-market valuation increases on their swap portfolios as interest rates have fallen significan...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
