For many years there has been much debate around the size of defined benefit scheme deficits and the extent they reflect on the health and sustainability of the schemes. But is there another way of thinking about pension scheme solvency?
In the popular 90s video game Tomb Raider, Angelina Jolie’s alias Lara Croft traversed the world, opening chests and crypts and looking for different but complementary treasures. Multi-factor investing isn’t wildly different, but all that glitters is not gold…
I was delighted to open this year’s LGIM Investment Conference. It focused on all aspects of the future, but the most unanticipated insights often came from our amazing audience.
It is increasingly clear that running RPI-linked assets versus CPI-linked liabilities can pose material risks to pension schemes. But opportunities to mitigate these risks are also becoming more available.
Some emerging market currencies actually trade more like developed market currencies in response to interest rate changes. Let's sort the 'yield shielders' from the 'bond boosters'.
As seasoned trustees of pension schemes will know, it’s possible to target better long-term outcomes by actively switching between gilts and interest rate swaps. But could it also sometimes be prudent to make changes within your swap exposure?
Markets failed to close out the year on a festive note. While 2019 will probably be volatile and difficult, we believe that there should be plenty of opportunities.