Pension funds

Sting in the tail

Credit spreads on highly rated names have blown out to levels that are proving irresistible to many buy-and-hold investors such as pension funds. But tail risk in the form of increased default expectations is still a major consideration. Blake Evans…

Difficulties with deficits

Pension deficits have rocketed, with slumping equity markets decimating asset portfolios. Has this made bulk purchase annuity solutions more attractive or are the costs too punitive? Ryan Davidson reports