Ortec Finance report finds some UK pension funds could see 20% lower investment returns
Equities flows YTD remain negative
A shift in longer dated gilt yields of 0.3% triggered by a Brexit could change defined benefit (DB) liabilities by £70bn according to the Society of Pension Professionals (SPP).
The UK pension system's score in the annual Melbourne Mercer Global Pension Index has improved but dropped two places in ranking to ninth as other countries overtook it.
Switzerland-based LGT has won three insurance-linked strategies (ILS) mandates worth $400m (£265m) from major European pension funds.
Over a third of European defined benefit schemes feel they do not have access to portfolio data which helps them fulfil regulatory requirements, research from State Street reveals.
The UK has sold £700m of long-dated index-linked gilts for a negative real yield of 0.116%, the lowest level ever recorded.
SWITZERLAND - Swiss firm Lombard Odier Investment Managers plans to launch a new fundamentally-weighted developed sovereign debt fund after a Swiss pension fund agreed to invest CHF1bn ($1.1bn) in the strategy.
The Swiss franc has fallen 9% against the euro after the Swiss National Bank (SNB) said it was setting a minimum exchange rate against the single currency.