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Switzerland’s largest pension fund says US corporate bond mandate ‘did not rely on any single person’
Italian DC provider Arca Previdenza highlights growth in Italian minibond market
French public sector scheme joins AP4, PGGM as founding signatory of Montreal Carbon pledge
PMT, PME say full merger ‘not yet on cards’
Recommends rules to clarify powers and duties of charities and foundations in making social investments
HSBC UK Pension Scheme shifts DC plan to Fidelity as HSBC Life undergoes sale
Active membership rises slightly following slow but steady decline since 1991, according to Office for National Statistics
John Corrigan, head of the NTMA, will ‘not discount’ possibility of ISIF paying state’s pension bill
Daniel Ivascyn elected CIO with three-man teams to lead Unconstrained Bond Fund, Total Return Fund
Fixed income legend looks forward to returning ‘full focus’ to fixed income markets, giving up ‘complexities that go with managing large, complicated organisation’
Ilmarinen, Liontrust Asset Management, Deutsche AWM, Towers Watson, Alliance Trust
PensionsEurope rejects notion that proposals to disclose terms of fund management agreements will encourage long-term investment
Healthcare pension fund seeks to halve carbon footprint within next five years
Norges Bank Investment Management says comprehensive guidelines for staff remove all doubt
Pension fund association calls on government to launch working group for wide-ranging debate on regulation
Ritakallio takes reins at pensions mutual after Harri Sailas announces retirement next spring
Registered users are entitled to the first digital issue of IPE with the compliments of the IPE.com team.
Liam Kennedy spoke to Alan Brown and Saker Nusseibeh, two architects of the 300 Club of investment professionals who seek to challenge mainstream investment practice
How We Run Our MoneyMiguel Branco, deputy director of Banco de Portugal pension fund, tells Carlo Svaluto Moreolo about his fund’s investment and risk strategy
Babson Capital immediately springs to mind for institutional investors around the world seeking global fixed-income managers, but that is a key goal for CEO Tom Finke. Having raised $5bn (€3.9bn) from European investors alone in 2013 it certainly looks well-positioned to one day be ranked among the market leaders.
Following another summer of high-yield bond market volatility, Emma Cusworth asks whether ETFs are to blame for credit markets getting riskier
Incumbent managers have a natural advantage with mature pension funds in the provision of solution-type services, finds Pádraig Floyd
For more than a decade, international accountants have dreamed of a single set of global accounting standards. But the failure of standard setters on both sides of the Atlantic to agree on a common treatment for bad-debt provisioning by banks leaves the world facing a multi-GAAP environment for at least a generation, writes Stephen Bouvier
Gail Moss compares how self-employed professionals are served by specialist collective DC pension funds in three European countries
A couple of weeks ago, my old friend Pim came over to the Wasserdicht offices in Utrecht to tell me about his new proposition. I’ve known Pim for many years and he has pitched to me many times, although each pitch has been from a different company.
Once a year, the US professional basketball league organises its all-star competition. Players from teams across the country are selected as the best in their respective positions. Could we have an all-star pension industry, uniting the best standards and practices under one roof?
The public gets it. Academics and financial analysts get it. In fact, many experts say it is the most important governance and democracy issue of our time. So why do investors have so little to say about political donations and the corporate capture of politics?
This autumn our government is orchestrating what it calls a ‘national debate’ on the future of our Dutch pension system. We at Wasserdicht Nederland have always taken a prudent approach to our pension schemes and we have remained well funded. Unlike many other Dutch funds, we have not had to implement benefits cuts – something I hope our members appreciate.
Designing a robust retirement income solution is not easy – as with most complex issues, there are no silver bullets, only trade-offs. The challenge is to balance life-long retirement income stability with financial risk-taking, all within a framework that is understandable, transparent and fair and hence can be trusted by members.
Who would invest in a sector that has lagged the Stoxx 600 by 1.1% in overall growth and by 0.3% in EPS growth for the last 19 years on an annual basis?
Controversies around pension funds’ asset management costs in various countries tell us something about the mood of the times, but they also suggest that changes are needed in the way pension boards select and justify their strategy choices to members and the wider world.
With commissioners-designate calling for ‘quick and effective adjustments’ to regulation and the end of ‘bottlenecks’, is the Brussels putting growth above regulation?
“It’s one of our big themes,” said Kathleen Hughes, head of European institutional sales at Goldman Sachs Asset Management, talking about central bank policy divergence over meet-the-press drinks in early September, four hours after European Central Bank president Mario Draghi had taken the deposit rate further into negative territory and announced plans to purchase covered bonds and asset-backed securities. The euro had a terrible day; Goldman Sachs had a pretty good one.
As part of their commitment to turn around their economies, Spain and Portugal have tackled pension issues, both by reducing expenditure and by taking the first steps towards making retirement systems fairer and more efficient.
Just three years after Europe’s pension fund representative bodies were successful in their proposal to create a separate occupational pensions stakeholder group within the European Insurance and Occupational Pensions Authority (EIOPA) – under the previous CEIOPS committee of pension and insurance supervisors a single stakeholder group covered both sectors – there is now a proposal to merge the two stakeholder groups. Although this will have to be ratified by the European Parliament, ...
Few markets outside the emerging world have changed to the extent that European high-yield has over recent years. Joseph Mariathasan and Martin Steward find transformation coming from the massive to the micro, from above and below
Amid a rash of important elections, the rumble of ongoing territorial disputes, a deteriorating situation in coup-plagued Thailand and an alarming rise in tensions between Hong Kong and Beijing, Joseph Mariathasan looks into the impact of political risk on Asia’s bond markets
Jennifer Bollen finds booming leverage markets bringing second-lien debt back into vogue in private equity deals – and in Europe, that can mean mezzanine-like risk
Joseph Mariathasan and Martin Steward ask whether investors’ traditional protections are getting squeezed out in the convergence of high yield bond and loan markets
Pension fund to drop €1bn hedge fund allocation in favour of investments in local residential mortgages
Fund shows strong returns from private equity, commits to further real estate and infrastructure exposure
Versorgungswerke help grow Nord/LB institutional asset management business
Finnish, Swedish portfolio bought for €300m, allowing Niam Fund III to wind up
First investment for local opportunity fund launched by UK’s largest local authority pension scheme