Is the Pressure to Buyout Putting Members' Benefits at Risk?
UK actuaries are coming under pressure to sign off on pension increase exchanges from plan sponsors.
Risk
GSAM: Opportunities Rise as Market Efficiency Drops
A whitepaper argues that changes in brokers and central banks’ behaviors have reduced fixed-income market efficiency, creating opportunities for alpha returns from relative value strategies.
Better Risk Management Required to Sustain DB Plans
DB plan sponsors need to change risk management strategies to accommodate changing demographics and increasing longevity.
Au Naturelle: Nomura’s Alternative to Risk Parity
Natural weighting is the new smart beta formula, according to Nomura.
Graphic: Corporate Pension Deficits, by Firm and Region
The US, UK, or continental Europe? Whose listed companies are on the biggest hook?
Inflation Assumptions Under the Spotlight
Getting estimates of inflation wrong can have disastrous effects on your deficit levels, but which pension funds were most off target in the last decade?
Rothesay Life Secures £484M Buy-in With Philips Pension Fund
The Goldman Sachs-owned insurer is ramping up the pension risk transfer deals ahead of its sale next year.
A Four-Point Plan for Smart Re-Risking
Artificially depressed rates are hurting liabilities, but the challenge is forcing investors to reassess their views on how to use risk.
Insurers Turn to Swaps, Futures, and Options in Risk Management Push
Insurance CIOs are becoming more sophisticated in how they deal with risk by exploring new asset classes.
Preparing for Pension Risk Transfer: Which Assets Do Insurers Want?
A study of which assets are the best to hold if you want to negotiate an assets-in-kind buyout deal.
Nomura: Equity-Bond Correlation Will End This Year
The painful positive correlation between bonds and equities experienced in 2013 has been predicted to reverse.
Outdated IT Drags Down Investment Managers
One quarter of global investment managers interviewed still operated on outdated ‘legacy systems’, according to a study.
IMF: Institutional Investors Create Volatility through Herding
Beware the law of unintended consequences when trying to stem investment losses, the IMF has said.
Testing the Target-Date Theory
A 113-year data from 20 countries shows longer is safer when it comes to equities.
Rothesay Life Completes Buyout for InterContinental Hotels
The Goldman Sachs-owned pension risk transfer specialist finalizes a £440m transaction ahead of its planned sale.