 |
|
 |  |  |  |
Aon has issued ‘Investment grade credit-based solutions - Capturing the opportunity’. This new paper explores the opportunities for pension schemes to incorporate global investment grade credit into their liability driven investment strategy to capture current high credit spreads, particularly the part of the spread relating to credit’s lower liquidity available in longer dated credit bonds. |
Kenneth Ettles, investment principal at Aon, said: “In the first few months of this year, investment grade corporate bonds succumbed to the economic and business pressures resulting from the COVID-19 virus and the dramatic slide in oil prices. However, analysing the situation more closely, we believe that most of the credit spread increases on bonds are due to their higher illiquidity rather than company default risk. “While it is possible that there may be some corporate casualties from the economic downturn, our view is that investment grade credit yields are currently attractive. This is particularly the case for longer term investors, such as pension schemes, who can benefit from the illiquidity premium as they would be buying now with the aim to hold corporate bonds to maturity.” The paper also examines the available options for pension schemes to incorporate this credit opportunity in their current investment strategy.
‘Investment grade credit-based solutions - Capturing the opportunity’ |
|
|
|
| Pricing actuary - part-qualified or q... | ||
| South East / hybrid 2-3 dpw office-based - Negotiable | ||
| Technical pricing and portfolio manag... | ||
| Remote / 1 dpm in the Paris office - Negotiable | ||
| Actuarial Pensions Analyst/Technician | ||
| Midlands / hybrid - Negotiable | ||
| Senior Consulting Actuary | ||
| Flex / hybrid 2 days p/w office-based - Negotiable | ||
| Specialty Pricing Expert - Cyber | ||
| London, 4dpw in the office - Negotiable | ||
| Take the lead in GI Reserving | ||
| London - Negotiable | ||
| Financial Risk Manager | ||
| South East / hybrid 3dpw in the office - Negotiable | ||
| Senior Consultant/Manager | ||
| London - £100,000 Per Annum | ||
| Portfolio Pricing Actuary – First Act... | ||
| London - £125,000 Per Annum | ||
| Divorce Actuary | ||
| Remote with option to go into the office if required - Negotiable | ||
| DB Pensions Actuary contract work ava... | ||
| Remote - Negotiable | ||
| Take the lead in GI Capital Modelling | ||
| London / hybrid 2 days p/w office-based - Negotiable | ||
| Pricing Actuary - Global Consultancy | ||
| London / hybrid 3 dpw office-based - Negotiable | ||
| Machine Learning Analyst | ||
| Remote with occasional days in the London office - Negotiable | ||
| CONTRACT: With-Profits Actuary | ||
| London/hybrid - Negotiable | ||
| Actuarial Associate Director - Life | ||
| London / hybrid 3 dpw office-based - Negotiable | ||
| Life Actuarial Trainee | ||
| South East / hybrid 3dpw office-based - Negotiable | ||
| Pensions Project Consultant | ||
| Any UK Office location / Hybrid working - Negotiable | ||
| Pensions Actuary - Fully Remote | ||
| Fully remote - Negotiable | ||
| From pensions to insurance - student ... | ||
| London / hybrid 2-3 dpw office-based - Negotiable | ||
Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.
Copyright © 2025 Actuarial Post. Created by Zero-One Design Ltd
