“Readers of tea leaves have thought for a while that the UK monetary authorities have been preparing the way for further monetary policy action” says Stephen Jones, joint head of fixed income at Kames Capital.
He adds: “Such clairvoyants won’t have been disappointed by...
The Pension Protection Fund (PPF) and the Pensions Regulator) today published the latest version of the Purple Book which is required reading for all pensions professionals.
This is the fifth edition of the publication which highlights trends in defined benefit pension schemes and focuses on...
The pensions industry is crying out for more products to manage and mitigate longevity risk urges Anthony Hilton, Evening Standard
Inflation is one of the notable risks which pension schemes face and no one knows what the rate of inflation will be in three months, in three years or in 30 years’ time. In theory this could be a major problem for defined benefit (DB) pension schemes in managing their liabilities. But in...
Bernard Abrahamsen, director of fixed income, M&G, on how to make future sources of fixed income fit together
As long as liabilities exist, securing a reliable fixed or rising income over the long term will remain a crucial goal for any pension scheme. However, there could be big changes in the way this is achieved.
The traditional way of securing this income has been by allocating to income producing...
Lindsay Tomlinson, NAPF chairman, thinks the French have got the right idea when it comes to accounting standards
Over the last 30 years the doctrine of market economics has swept all before it. Before the Reagan-Thatcher revolution, governments used to try to manage their economies. After that, we learned to leave everything to the markets. All government needed to do was to step in occasionally to address...
Bonds have stood firm in a sea of troubles but, like icebergs, there is hidden danger below the surface, as Simoney Girard discovers
It is a truth universally acknowledged that a pension scheme with high liabilities must be in need of some good, solid bond investments.
According to the National Association of Pension Funds (NAPF), defined benefit (DB) schemes have decreased their allocation to equities by 15% since December...
While governments and banks tackle mountainous debt, bond markets are presenting an attractive source of finance explains Richard Ryan, M&G
Debt and debt investments have rarely strayed from the front pages since the start of the financial crisis and especially since the spectacular collapse of Lehman Brothers two years ago.
Six months after that collapse, the corporate bond market began the sharpest rally in living memory, ending...
Guide to financial markets by Marc Levinson (250 pages), ISBN 978 184 668 173 8 £20 from
www.profilebooks.com
The fifth edition of this highly regarded guide by Marc Levinson, a former finance editor of The Economist, brings the reader right up to speed with the latest developments in financial instruments and provides a clear and incisive guide to this complex world that even those who work in it often...
