Fiduciary
Long-term funding: are we on the right track?
As we emerge from a COVID world, agreeing on a long-term funding target is a key 2021 focus for trustees. Galvanised by the Pensions Regulator (TPR)’s new Defined Benefit (DB) Funding Code of Practice, trustees and sponsors must address the maturing status of their DB schemes.
Read More“The decade of delivery” – the Fiduciary Manager’s role in combatting climate change
A year into what the UN has called the ‘decade of delivery’ for its 17 sustainable development goals, one goal, in particular, stands out: #13 Climate Action.
Read MoreEngaging with fund managers to deliver better ESG outcomes
Ajeet Manjrekar explains how fiduciary managers can support trustees to meet their regulatory obligations by challenging and influencing underlying fund managers’ ESG behaviour and policies.
Read MoreA market-leading approach to ESG within equity
Good ESG is so much more than a box-ticking exercise. A fiduciary manager who integrates ESG into everything they do can really add value, managing risks and driving returns, all whilst supporting positive change.
Read MoreCase Study – seizing an opportunity in credit markets to reduce cashflow risk
Cashflow matching credit (CFMC): 2020 was a volatile period for assets, but volatility also brings opportunities for those able to act quickly. One example of this was seen in investment grade bonds, with credit spreads temporarily widening to levels not seen since the 2008 financial crisis.
Read MoreHow to increase equity market exposure with guaranteed protection
What is structured equity? An investment in a portfolio of equity options traded with a bank, which allows the investor to tailor their exposure, to provide a contractually guaranteed payoff profile.
Read MoreThe reform of RPI
Following the conclusion of the recent consultation on the reform of the Retail Prices Index (“RPI”, “the Consultation”), it is likely that from the year 2030, RPI will be aligned with CPI-H (Consumer Prices Index including Housing costs). This means that the actuarial assumptions used to calculate CPI-linked liabilities for UK pension schemes are likely to change for future actuarial valuations, resulting in a step-change in liability values and therefore a potential mismatch with the corresponding liability hedge.
Read MoreMacro update: January 2021
Read our current market views, and our recommendations for strategic portfolio positioning.
Read MoreYour scheme is bespoke… why isn’t your LDI solution?
We believe all schemes, irrespective of size, should be able to access the best ideas and innovations without constraint. That’s why all of our clients have access to segregated LDI mandates and the associated benefits.
Read MoreBack on track and poised for a brighter horizon
We will remember 2020 as a rollercoaster year as the world grappled with the pandemic and its impact on people and markets alike. So what has this meant for pension scheme funding and the steps we have taken on behalf of clients? What’s on the horizon?
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