Investment strategy
There’s a natural asymmetry in defined benefit (DB) pension schemes, compared with defined contribution (DC) schemes: upside is capped because trustees don’t need to pay more than 100% of promised benefits. The implications of this cap for your investment strategy are not necessarily as straightforward as you may think.;
Investment strategy
What do inflation-linked pension benefit schemes and Texan cowboys have in common? We look at a source of scheme risk that many trustees may not have considered: limited price indexation risk. This could become increasingly important for trustees as their schemes progress along their de-risking glidepaths.;
Investment strategy
The introduction of auto-enrolment has led millions more to save into a pension. But is encouraging people to put more aside for the future the sole antidote to money worries? What if the worries themselves were stopping people saving?;
Investment strategy
At the risk of most of my blogs linking to games or gambling, I think there are some fascinating – albeit rather intricate – relationships between gambling and investment strategies (and can’t resist writing another one). In this blog I seek to join the dots between different ways of describing investment returns, a betting strategy and an apparent paradox.;
