Risk
Rolls-Royce, Legal & General Strike $5.8 Billion Pension Deal
Insurer tops previous record for the largest risk transfer seen in the UK.
Tag: LDI
LDI Portfolio Construction May Get Trickier in 2019
As funds lock in 2018 gains, high-quality fixed income could become harder to find, Goldman Sachs exec says.
Newsmakers
Lockheed Martin Makes Two Big Pension Risk Transfers in Q4
Latest 8-K reveals $2.6 billion in LDI transactions.
More Corporate DB Plans Want to Dump Liabilities ASAP
Many businesses are looking to unload all retirement assets within five years, MetLife survey shows.
CIO Releases Annual LDI Survey
Survey reveals trends and asset allocations of investors.
Opinion
What Would LDI Look Like for Public Pensions?
Although it might look controversial, a split portfolio may be strong option to meet a fund’s short-term cash needs as well as maximize long-term wealth.
Asset Allocation
UK Pension De-Risking Expected to Rise Sharply in 2018
Report finds improving funded levels are making de-risking moves more affordable.
Pirelli Secures Buy-in Agreement with PIC
Move to cover the total liabilities of three UK pension plans.
MillerCoors Purchases Group Annuity Contract
Company to transfer $900 million in pension obligations to Athene Annuity and Life.
Asset Allocation
LDI Shines Bright
Borrowing to fund plans is trending with liability driven investing.
Asset Management Culture
Interrogation: Harshal Chaudhari
Reflections on his first year, de-risking, and how IBM got to the enviable position of having a fully funded plan.
Asset Management Culture
Interrogation: Brian Pellegrino
What he’s considering after announcing a plan freeze and making a $2.3 billion contribution as UPS explores LDI.
Asset Management Culture
Interrogation: Bob Hunkeler
His thoughts on date triggers, derivatives, and International Paper’s $1 billion debt offering to fund its DB plan.
In-Depth: What to Expect from 2018 PBGC Premiums, Mortality Rates
LDI, pension risk transfers “likely” to increase as new tables, premiums take hold, experts say.
Research
KPMG Survey Finds ‘No End to Growth for LDI’ in UK
UK pensions have more than £900 billion of exposure to LDI.