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€7bn pension scheme cites both market and country risk as reasons for divestment as it announces quarterly returns
Survey from Union Investment showed preference for safety to decline as dissatisfaction with returns continues
Hymans Robertson research on FTSE 350 firms shows improved funding and secruity despite yield fall
F&C Investments, Aviva Investors, Muzinich & Co, Axa Real Estate
Gabriel Bernardino eases industry concerns that supervisor will copy insurance model to conduct IORP stress test
Trustees to be forced to evaluate all charges and establish whether transaction costs deliver value for money
Schemes pass to KLP after DNB Liv, Storebrand exit market
University body accused of using ‘dodgy’ figures as union negotiates over changes to USS benefits
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
Dalriada’s Chris Roberts wonders whether now is the best time for tinkering
TPR chairman moves to ease fears arising from Budget reforms, DB funding code
Parliament says schemes must show pension target in relation to financial position
Possibility of exempting accrued and accruing benefits from balance sheet approach could significantly reduce impact, says Aon Hewitt
Westminster selects new custodian after joint tender with Hammersmith and Fulham, with mandate covering £1.7bn in assets
NAPF chairman calls on government to clarify Budget announcement as April deadline approaches
Three of Netherlands’ largest pension funds fail to achieve minimum funding, with participants ‘paying price’ for Europe’s low rates
Registered users are entitled to the first digital issue of IPE with the compliments of the IPE.com team.
How do you invest in high-yield bonds and loans?
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
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
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?
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?
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.
“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.
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
Norges Bank Investment Management goes it alone in Bavarian capital