The corporate pension industry landscape has evolved more in the last five years than in the previous five decades. Similarly, the thinking and overall approach to managing corporate pension schemes has also undergone a revolution of sorts, with the concept of scheme ‘de-risking' at the heart of a new investment paradigm.
There can be little doubt that, across the pension industry equation – consultant, trustee, sponsor, investment manager – the critical issue faced today is that of funding level shortfalls and in turn, how to ensure future member benefits.
The key consideration in any approach is gaining a comprehensive, detailed understanding of the risks involved, both general and scheme specific.
A turbulent year has delivered valuable lessons for the future of cashflow driven investing
COVID-19 has been a huge shock. Trustees have watched as risk-assets tumbled, then recovered, then looked fragile once again. And as asset prices saw downward pressure, so the monetary policy respons ...
How ESG can help build resilience in Buy and Maintain credit strategies
Responsible investment has always been about the long term. Equity investors want to know a company isn’t vulnerable to global shifts around environmental or social issues and fixed income investors, ...
COVID-19 has shaken up high yield and put opportunities on the table for insurers
The asset class is accustomed to volatility, but the uneven impact of the virus means fundamental credit analysis is more important than ever.