- Actions speak louder than words: Society of Pension Consultants president Roger Mattingly
- Anton van Nunen: Difficult times call for extraordinary advice
- Aquila launches first fixed income risk parity fund
- BlackRock reorganises DC business and names Purvis as ‘CEO’
- Building steadily: what next for infrastructure?
- FCA finds no need for new transition management rules
- Government earmarks £50bn of infrastructure projects for private investors
- Green bonds
- LGPS infrastructure investment limits set to double
- Mannion quits GSK to join John Lewis
- NAPF Conference: PIP to appoint chief executive
- Neil Woodford leaves Invesco after 25 years
- NEST in talks to join infrastructure platform – EXCLUSIVE
- No place like home: investing in residential property
- PIP begins search for investment managers
- Prevailing odds
- QE uncertainty hurting insurers’ income streams and driving them into riskier assets, says BlackRock
- Regulator issues asset-backed contribution guidance
- Schemes continue move out of equities
- Schemes shift from equities to bonds, hedge funds and cash, says regulator
- Schroders launches ILS fund
- Seeking returns: insurance companies and the low yield dilemma
- Shiller shares Nobel Prize for asset price analysis
- Sovereign debt: the gorilla in the room
- Tesco’s Smith announced as new NAPF chairman
- The burning issues: Centrica Combined Common Investment Fund’s Chetan Ghosh
- Threadneedle launches social bond fund
- Unconstrained investing: is freedom from indices the future?
- USS invests £392m in Heathrow Airport
- Watching out for the risk/return trade-off: Zurich Insurance Group’s Tom Rogers
The UK’s local government pension schemes can choose to omit controversial investments such as tobacco stocks from their portfolios as long as it “does not risk material financial detriment to the fund”, according to new legal advice.
Clearly, the next move in policy will be a rise in the official policy rate, which has remained at that record low for more than five years. Given the strength of the UK economy, the Bank of England (BoE) may well be the first major developed country central bank to take this momentous step. The financial markets are currently expecting this move in late 2014 or early 2015.
"UK economy showing first rays of sunshine” - Danny Alexander
Today we take a step back from the short-term fluctuations and intent focus of the markets on the monetary policy dynamics of the US and eurozone that have dominated market analysis of late and take a look at the UK.