The current lows in gilt yields have led many sponsors to ask trustees if they can give them any relief with regards to discount rates - is it appropriate for trustees to agree to this? Our panel discusses the issues.
Redington has appointed Philip Rose as chief investment officer for strategy and risk and announced two further senior promotions.
Redington has named David Bennett as head of consulting.
Professional Pensions assembled a panel of four industry experts to talk about the importance of being gilt-edged; the the use of government bonds as an asset class; and discount rate smoothing.
Trustees must re-evaluate their liability driven investment mandates as the strategy evolves in a low-yield environment, Redington argues.
Fear of missing out on yield is driving pension funds to invest in riskier assets such as high yield and asset-backed securities.
Taha Lokhanwala asks whether pension funds want to build and if this works for the government.
Redington has appointed John Towner as director of its consulting team and Aniket Das as an actuary in its manager research team.
Schemes should seize the opportunity to invest in infrastructure projects as banks scale back their exposure to illiquid assets, Redington argues.