JC Penney Seals Buy-In for $5B Pension
The retail chain takes a significant amount of pension risk off the table at minimal cost.
Risk
Longevity Improvements Hit the Brakes
We have stopped getting older—at least for the moment—says the UK’s Institute and Faculty of Actuaries.
Brewery Seals £2.4B Longevity Swap
Aviva enters the longevity-hedging arena for the first time in a deal with Heineken’s UK pension.
Risk Parity’s Liquidity Challenge
Falling trading volumes in fixed income could cause significant losses in risk parity strategies—but analysts argue the effects have been overplayed.
Pensions to Save $18B from ‘Outdated’ Mortality Tables
Credit rating agency Moody’s says plan sponsors could save on contributions next year but warns they could be “kicking the can down the road”.
Asness: This Is Why Factor Investing Will Survive
AQR’s founder argues expected returns are likely to be lower and risks higher, as factor investing becomes more popular.
Risk Parity Smiles Through Market Correction
Risk parity powerhouses on why the strategy delivered on its promises during the recent days of stock markets crashes and rallies.
PPF Hires to Insource LDI
Aviva Investors’ Trevor Welsh joins the UK’s lifeboat fund as its first head of LDI.
US Manufacturer to Halve Pension Liabilities with $425M Buyout
In a market dominated by one insurer, Lincoln Electric made a rare choice in purchasing annuities from Principal Financial.
The Myth of Cheaper Liability Hedges
Don’t hold out for cheaper liability hedges that may never materialize, Redington warns.
Are Your Managers Insured against the SEC?
Insurers are bolstering coverage for asset managers against the US regulator’s clampdown on the sector.
FTSE 100 Groups Face ‘Significant’ Pension Risk
UK companies are cutting pension contributions even as deficits spiral, a report has found.
World's Largest SWF Blasts Exchanges
Chasing ever-faster data transfer speeds are a “dead end” for stock exchanges, Norway’s sovereign wealth fund argues.
UK Pensions Opt for Independence Over Buy-Out
A survey by Aon Hewitt suggests that pension insurers may have to fish in smaller ponds to attract buy-out business.
Defined Contribution Linked to Retiree Poverty
Pre-retirement lump-sum withdrawals and lack of annuitization may push retirees towards financial ruin, according to research.