Category Archives: Investment

Investment Briefing: Current opportunities in Bond Markets, December 2011

Recent market conditions present opportunities to long-term bond investors. In this briefing we consider two particular opportunities that we believe are relevant to pension schemes, which are briefly summarised here. Switching from fixed-interest gilts to corporate bonds The yields on long-term fixed-interest gilts has fallen sharply in recent months which has resulted in a widening […]

First Actuarial Strengthens Investment Consulting Practice

Mike Smaje has joined First Actuarial LLP as Director of Investment Services. Formerly a senior investment consultant and actuary with Towers Watson, Mike has 19 years’ industry experience. He will be based in First Actuarial’s Leeds office. First Actuarial Founder, Michael Hulme-Vickerstaff commented: “We are delighted to welcome Mike on board. His experience will be […]

They’re never gonna believe us – we won the Monkey League

It’s been a proud day in Tapper Towers as Oliver has been crowned king of the First Actuarial Monkey League, beating off 150 rivals including his Dad (35th), Marian Elliot (20th) , Sebastian Cheek (122nd) ,Tom Selby (25th) and Andy Hucks (31st)- a small selection of the League’s diverse membership. You can read all the […]

What really matters – DC outcomes

What surprises us about current DC consulting is how little good it does; three of us sat down yesterday to work out how our firm could do something to improve the pensions arising from DC saving. We organised our thinking around the past, the present and the future. The Past Corporate DC pensions in the […]

Investment Briefing 2010 Q3

Dealing with the Fear of Inflation One matter currently occupying trustees’ thoughts is the fear of inflation and the extent to which their investment strategies are prepared for a potential shift to problematic levels of inflation. The traditional way of protecting against inflation is to buy index linked government bonds, but this approach can be […]

First Briefing – Employer-related investment

The Government has announced changes to the legislation relating to employer-related investment. In order to comply with an EU Directive the new rules come into effect on 23 September 2010. The changes will mean that for all occupational pension schemes, trustees can hold no more than 5% of the scheme assets in employer-related investments. You may say, “Isn’t […]