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.
Securitisation - Prudence not paralysis
■ Securitisation helps diversify the funding base of an economy, enabling banks to raise further financing, reduce borrowing costs for consumers or support more lending.
Investing in credit: Building robust portfolios for the long term
Institutional investors have long been investing in credit. The current credit cycle fuelled by the inflation of Central Banks’ balance sheets has however provided a relatively easy ride to credit in ...
Investment opportunities across the Credit Continuum
The basic purpose of lending is to finance the economy. Funds flow from those who have a surplus to those who have a shortage or a need. Lenders (i.e. investors) are able to charge a premium based on ...