Category Archives: Investment

The changing face of liquidity risk management

small plastic houses on top of stacks of British pounds

The Prudential Regulation Authority (PRA) has released its proposals (CP4/19) for “Liquidity risk management for insurers”. Over the last year, there have been discussions between the industry, the PRA and Financial Conduct Authority (FCA) around liquidity risk management, so these … Continue reading →

Does the Law of One Price apply to insurance?

business man holding a calculator and a piggy bank with money sticking out

The upside of risk transfer market complexity is that arbitrage opportunities don’t disappear quickly. They’re not all that rare; rather, they’re just hidden. Continue reading →

2019: The year regulators force insurers to account for sustainability risks on their balance sheets

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The European Insurance and Occupational Pensions Authority (EIOPA) has released its latest sustainability proposals (EIOPA-BoS18/483), which are wide ranging and could have significant implications for insurers’ investment strategies, risk and actuarial functions, product pricing, design and sales processes. They involve … Continue reading →

Looking to succeed in credit markets? Diversity and a long time horizon can be your best friends

Close up of a hand using a stylus pen on a touch screen depicting a line graph with steep declines and inclines

Ever since the global financial crisis, we’ve found investors have been slow to diversify their fixed income portfolios, and for good reason: Mainstream corporate credit (including investment grade and high yield), have performed incredibly well, supported by declining interest rates, … Continue reading →

What can defined benefit and defined contribution plans learn from one another?

Older man looking at a newspaper sitting next to a younger man looking at a tablet

I’m always trying to teach my children skills to prepare them for life. I’ve been around a while, and hope I can use my experience to help them on their journey. However, there are lots of occasions when it’s the … Continue reading →

What will tax reform mean for defined benefit pension investing?

elderly couple sitting at a table looking at paperwork

If you’re like me, tax season isn’t a time of the year I look forward to by any stretch. Gathering last year’s paperwork and navigating through the endless software that’s supposed to make filing easy isn’t a way I like … Continue reading →