Friday people roundup
Zurich, Punter Southall, Ashcroft Rowan, RLAM, Hermes, Temple Bright
Slovakia’s second-pillar pension system under threat again
Prime minister to re-open system, allowing dissatisfied members to leave
Fixed income drives 18% return at Dutch pension fund for printers
PGB aims to increase its return portfolio to 55%
UK defined benefit pension funds return 11% in 2014 – State Street
Best-performing funds with relatively high bond exposure, according to State Street Investment Analytics
Investors greet 'long-term' quantitative easing with cautious optimism
Asset managers see positives and negatives in long-awaited announcement
ECB quantitative easing: Question everything
IPE’s Martin Steward analyses today’s long-awaited European Central Bank announcement
ECB's larger-than-expected QE programme welcomed by markets
Asset manager to Europe’s largest pension fund says announcement meets expectations, will not impact asset allocation
LPFA, Greater Manchester launch £500m infrastructure vehicle
Shared vehicle to have London, Manchester focus but look to invest in national projects
IPE Views: Investors on the fence over €315bn Juncker plan
Jeremy Woolfe finds much talk but little action so far on EC’s proposed €315bn investment plan
Irish pension liabilities soar as interest rates fall
Growth in Irish pension scheme assets over past year has been heavily outstripped by soaring liabilities, according to Mercer
January 2015
- Investing In Small & Mid-Cap Equities: Starved of capital
- How We Run Our Money: Wolfram Gerdes, CIO of the KZVK-VKPB pension funds for German church employees
- Special Report, The M&A Cycle: Big deals
- Analysis - When trend is not your friend
- Pensions In Central & Eastern Europe: A fresh start for pensions
Digital Edition
Registered users are entitled to the first digital issue of IPE with the compliments of the IPE.com team.
On the Record: Andreas Kretschmer CEO, Ärzteversorgung Westfalen-Lippe (ÄVWL) Germany
Do you invest in long-term, illiquid assets? Matching long-term cash flow to liabilities
On the Record: Allen Twyning Head of debt origination, Pension Insurance Corporation (PIC) UK
Do you invest in long-term, illiquid assets? Matching long-term cash flow to liabilities
New ways to talk to your members
As European social welfare budgets come under pressure, persuading stakeholders of the need both to make retirement provision and to save towards it is becoming more crucial.
Investment Briefing: Sayonara, keiretsu
Abenomics may not be the only reason to take another look at Japanese equities. David Turner uncovers a sudden conversion to the shareholder-friendly religion
IPE Views: Investors on the fence over €315bn Juncker plan
Jeremy Woolfe finds much talk but little action so far on EC’s proposed €315bn investment plan
Frozen conflict
Since a 1964 report on road pricing in the UK, authored by one RJ Smeed, the idea of charging citizens for use of public highways has been repeatedly raised in Britain.
Real estate
LPFA, Greater Manchester launch £500m infrastructure vehicle
Shared vehicle to have London, Manchester focus but look to invest in national projects
Dutch pension funds commit €750m to mortgages
Three large schemes make commitment to Dutch Mortgage Funding Company
Guest viewpoint “The long term can be a very strange place in many ways”
With 78% of pension funds considering themselves long-term investors in an IPE Focus Group survey, it would be tempting to believe that dramatic progress had been made towards achieving the objectives of the Kay Review on UK equity markets.
Every lesson helps
Here are 12 things arising from the Tesco accounting debacle that pension funds could deploy which would help prevent, or at least mitigate, similar implosions. This needs to be a two-way process. My questions are forward-looking and include some that investors can ask of asset managers.
