Insurance-linked assets divide Japan’s corporate pensions

Japanese corporate pension funds are dividing over insurance-linked investments, with some having quit the asset class altogether or considering doing so, while others continue to favour the products.   Konosuke Kita For many defined benefit corporate pensions, non-life products that focus on natural disasters, have particularly lost their appeal. Insurance-linked securities (ILSs) became popular from around 2010 because they offered stable returns for several years, and…