Hints and tips:
...David Page, head of macro research at AXA Investment Managers: No, we do not expect the UK to rebound to pre-pandemic size in 2021, in fact we see this as only likely by end-2022....
...For anything else unexpectedly impacting resale value there was insurance and/or customer liability....
...Schroders has also appointed Clara Yan as insurance-asset liability management director. Ms Yan joins from UBS, the Swiss bank....
...From the perspective of real-money investors with long-term liabilities like insurance firms and pension funds, there is also value at the long end of the issuance spectrum....
...Theodora Zemek, global head of fixed income at Axa Investment Managers, says: “The stakes are very high....
...Analysts say LGIM has failed to keep up with its peers on expanding its range of passively managed funds, although the company says it is ahead of the curve in expanding liability-driven investment products...
...The IASB wants to extend its emphasis on fair value to insurance liabilities....
...But when Axa, the mighty French insurance firm, recently unveiled its results, its bosses were unusually outspoken in voicing their criticism of bean-counters....
International Edition