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EIOPA chairman defends stress tests as data-collection approaches

Fri, 17 Oct 2014By

Gabriel Bernardino eases industry concerns that supervisor will copy insurance model to conduct IORP stress test

Pound notes

UK pensions minister increases pressure with new measures on DC charges

Fri, 17 Oct 2014By

Trustees to be forced to evaluate all charges and establish whether transaction costs deliver value for money

Geiranger Fjord, Norway

Norway’s Kristiansund, Eide award pension schemes to KLP

Fri, 17 Oct 2014By

Schemes pass to KLP after DNB Liv, Storebrand exit market

Oxford University

UK roundup: USS, Universities UK, DWP, PPF

Fri, 17 Oct 2014By

University body accused of using ‘dodgy’ figures as union negotiates over changes to USS benefits

Smokestack

IPE Views: 'De-carbonising’ portfolios doesn’t mitigate risk – it adds it

Fri, 17 Oct 2014By

IPE’s Martin Steward wonders whether a habit of thought is developing that fails to recognise ‘de-carbonising’ as a risk and starts to regard it as a certainty

Westminster, London

UK pensions reform: Can progression lead to regression?

Fri, 17 Oct 2014By Chris Roberts

Dalriada’s Chris Roberts wonders whether now is the best time for tinkering

City London

UK watchdog aiming to push guidance agenda, assert position in Europe

Thu, 16 Oct 2014By

TPR chairman moves to ease fears arising from Budget reforms, DB funding code

Dutch Parliament buildings in the Hague, the Netherlands

Dutch pension funds must report funding in real terms under new FTK

Thu, 16 Oct 2014By

Parliament says schemes must show pension target in relation to financial position

european companies

EIOPA's 'grandfathering' could see pension schemes exempt from HBS

Thu, 16 Oct 2014By

Possibility of exempting accrued and accruing benefits from balance sheet approach could significantly reduce impact, says Aon Hewitt

London at dusk

Westminster replaces BNY Mellon as custodian after joint tender with London fund

Thu, 16 Oct 2014By

Westminster selects new custodian after joint tender with Hammersmith and Fulham, with mandate covering £1.7bn in assets

Big Ben and the Houses of Parliament, London

UK pensions industry bemoans lack of clarity on DC reforms

Thu, 16 Oct 2014By

NAPF chairman calls on government to clarify Budget announcement as April deadline approaches

A map of Amsterdam, the Netherlands

Low interest rates drag Dutch schemes back into underfunded positions

Thu, 16 Oct 2014By

Three of Netherlands’ largest pension funds fail to achieve minimum funding, with participants ‘paying price’ for Europe’s low rates

All More News

Time for some caution with this asset class

October 2014 (Magazine)By

How do you invest in high-yield bonds and loans?

Prudent and dynamic

October 2014 (Magazine)By

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

All Interviews

Dangerous liquidity

October 2014 (Magazine)By Emma Cusworth

Following another summer of high-yield bond market volatility, Emma Cusworth asks whether ETFs are to blame for credit markets getting riskier

Race for solutions picks up pace

October 2014 (Magazine)By

Incumbent managers have a natural advantage with mature pension funds in the provision of solution-type services, finds Pádraig Floyd

All Briefings

Crony capitalism

October 2014 (Magazine)By Raj Thamotheram

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?

“Governance can serve as a stimulus to improve and nurture pension organisations”

October 2014 (Magazine)By

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?

All Columns

The ‘what’ and ‘why’ of costs

October 2014 (Magazine)By Liam Kennedy

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.

Divergence trades, depression trades

October 2014 (Magazine)By

“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.

All Analysis and Opinion

High-yield Bonds & Loans: Revolution from above and below

October 2014 (Magazine)By Joseph Mariathasan,

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

Emerging Market Debt: Bonds and the ballot box

September 2014 (Magazine)By Joseph Mariathasan

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

All Investing in...

Munich, Germany

Norwegian oil fund snaps up office properties in Munich

Tue, 14 Oct 2014By

Norges Bank Investment Management goes it alone in Bavarian capital

City London

Norges Bank IM finalises real estate deals in Netherlands, UK

Fri, 10 Oct 2014By IPE Staff

Norwegian oil fund in office, logistics deals 

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Post-crisis or pre-crisis?

October 2014 (Magazine)By

History warns us that the next crisis is just around the corner. Arturo Bris outlines the shapes it is taking and what we can do to mitigate it

No place like homes

September 2014 (Magazine)By

Christophe Caspar looks into whether or not European housing is a safe home for fixed income investors

Bolt the penthouse door

July 2014 (Magazine)By

The apparent recovery in the UK and converging spreads in euro-zone bond markets mask deep structural flaws in economies that have seen little genuine reform, argues Eamonn Butler

Rates of change

June 2014 (Magazine)By

Carolyn Tavares argues that the roller-coaster start to 2014, with its disconnect between economic indicators and bond yields, makes the case for holding to strategic, funding level-based de-risking programmes

All Ahead of The Curve