Consistent Risk, Inconsistent Returns
Maintaining volatility appears to be easier than maintaining a consistent outcome, according to research.
Risk
Tire Maker Strikes £600M Double Longevity Swap
The deals could open up the smaller end of the market to longevity reinsurance, argues Mercer.
Brexit Boosts £230M Buy-In
The transaction is the latest to take advantage of attractive post-Brexit pricing.
What Health Care Funds Can Learn from Corporates
Corporate plan sponsors offer a good example for defined contribution, NEPC says.
On Inflation, Prepare for the Unexpected
Even in low-inflation environments, portfolios remain at risk of inflation surprises, argues Meketa.
Russell: Pensions Still Reeling from 2008
Record-low interest rates have wiped out any gains from asset price recovery, writes Chief Research Strategist Bob Collie.
Energy Firm Seals £1B Longevity Swap
Abbey Life backs the transaction, covering 4,000 UK pensioners.
Time for a New Liability Measure?
Spiraling deficits indicate a change to traditional methods is necessary, argues one asset manager.
How Asset Management Giants Cause Volatility
Large trades made by the industry’s biggest firms can translate into “substantial price pressure,” according to research.
Pensions Brace as UK Cuts Interest Rate
The Bank of England’s first move in more than seven years spells more trouble for UK pension funds.
Brexit’s First Winners: De-riskers
A £750 million transaction involving the ICI pension indicates that market turmoil post-referendum has opened up attractive pricing for buy-ins and buyouts.
US Public Pensions Make Riskiest Investments, Perform Worst
Regulatory incentives encourage American public plans to take excessive risk in order to report better funding ratios, researchers argue.
Reading Hedge Fund Managers’ Body Language
Take heed of the ‘Dark Triad’—narcissism, Machiavellianism, and psychopathy—research has warned.
MetLife, MassMutual Split $1.6B Pension Buyout
Paint company PPG will transfer a portion of its pension liabilities to the two insurance companies.
Did Britain Just Bankrupt Dutch Pensions?
The Netherlands’ precarious funding situation may be tipped over the edge by Brexit-induced market falls.