Monthly macro update: February 2021

We have been talking for some time about the benefits of low borrowing costs, and we are now seeing companies act. Debt issuance has been significant throughout January, while over twice as much equity has been raised year to date compared to the same point in 2020.

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US pension briefing – January 2021

Pension plans welcomed increasing interest rates in January with discount rates trending up toward the mid-2% range. This translates to a liability decrease of 2-3% for a typical pension plan.

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Pension plan annuity purchase update – Q3 2020

Article December 15, 2020 Pension plan annuity purchase update – Q3 2020 Written by River and Mercantile Share Market activity Group annuity risk transfer sales ($ millions)   Source: LIMRA Secure Retirement Institute   The pension risk transfer market began its recovery from the negative COVID-19 impact in the third quarter of 2020. Total pension…

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FOURcast: December 2020

Welcome to our monthly macro update, the FOURcast. Much like a weather forecast, it provides a guide to what we think may be coming, and how to position portfolios to prepare for the future climate.

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Retirement update – December 2020

Optimism abounds in the global financial markets as investors welcomed an end to uncertainty surrounding the US presidential election and favorable news from multiple COVID-19 vaccine developers.

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