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Toby Nangle: Asset Allocation in a High-Rate Era

Street Signals

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Analysis of UK Pension System and Asset Management Industry

The chapter delves into the structure of defined benefit pensions in the UK asset management industry, discussing the shift in asset allocation, impact of low and falling yields, and evolution of investment strategies. It explores the influence of regulatory changes, pension deficits turning into surpluses, and implications for markets and interest rate risk. Additionally, it examines potential reforms under different government scenarios to optimize assets for pension schemes and improve productivity.

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