Pensions: from crisis to opportunity
By Barry Riley
Unusually high investment returns on both equities and bonds in the 1980s and 1990s fuelled a boom in funded occupational pensions across many developed countries. But the same boom encouraged a complacent attitude to risk, with funds being invested purely on the basis of return, not on any more sophisticated balancing of assets and liabilities. This changed in the wake of the solvency crisis triggered by the 2000-2003 bear market.
With pension sponsors and trustees now far more focused on asset/liability management, and with a far greater range of investment instruments available to them than ever before, the opportunities for the investment banks to win new business are excellent. And with up to £1trn of liabilities in defined benefit schemes likely to be refinanced during the next few years in the UK alone, those opportunities could be immense.
Pensions: from crisis to opportunity is a comprehensive analysis of the development of the defined benefit pension market, of the challenges facing it, and of the opportunities in this area for investment banks and other capital market specialists.
Key insight provided by this report include:
- Opinion from leading buyside and sellside pension experts
- Reviews of regulatory requirements in the major jurisdictions
- Risks facing defined benefit schemes and their restructuring options
- Investment instruments favoured by pension schemes
- Outlook for defined benefit schemes to 2010
- Opportunities for investment banks and other service providers.
For more information see the full contents list or download a brochure and add the relevant links.
Published April 2008, Pensions: from crisis to opportunity is priced as £795/US$1,614 with a 15% discount on IFR subscribers.
To order your copy online now click here or contact john.woodward@thomson.com or phone on +44(0)207 369 7317.