Commercial property investment and the Pensions Act 1995
Abstract
Looks at the role of property in pensions funds pre and post minimum funding requirement (MFR). Suggests that while property has a role as a matching asset in pension funds, this role has declined in recent years. This is partly because of poor performance but also because other asset categories can perform the role that property has played. The introduction of the MFR may make property still less attractive to pension funds because of the equity/gilt valuation benchmark. However, we expect any effect in the short term to be limited.
Keywords
Citation
Booth, P. and Matysiak, G. (1996), "Commercial property investment and the Pensions Act 1995", Journal of Property Finance, Vol. 7 No. 3, pp. 23-37. https://doi.org/10.1108/09588689610127136
Publisher
:MCB UP Ltd
Copyright © 1996, MCB UP Limited