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Institutions see challenges in increased portfolio diversity, State Street survey shows
State Street Global Advisors, Babson Capital, BlackRock, Hymans Robertson, AMP Capital, LCP, Affiliated Managers Group
Bank signs new employees up with Germany’s largest Pensionskasse
Pension plans seek to ‘set example’ on competence, governance
Largest European pension fund says it should work with PFZW to agree contracts that penalise managers for underperformance
’Investments go beyond legal ones following Non-Proliferation Treaty’
Fund saw net result of 1.9% despite 8.7% return on investments, boosted largely by listed and private equity holdings
Sale contribution to shave off a quarter of scheme’s deficit, made in addition to existing recovery plan
Swiss authorities prepare case for lowering minimum conversion rate to 6% under proposed reform package
Consultants seek changes from DGF managers as 75bp cap looms on default workplace pensions
Company says permanent replacement to be ‘subject to future announcement’
ABP, PFZW see results of 3.1% and 3.3% respectively as discount rate falls
NPRF’s head of investments details interest in infrastructure projects, equity finance for domestic companies
Greater Manchester, Ancala Partners, Neuberger Berman, BNP Paribas, Pioneer, Allfunds
Dutch journalists’ fund to watch sector developments and consolidation before deciding future direction
Registered users are entitled to the first digital issue of IPE with the compliments of the IPE.com team.
Association for German company schemes warns quantitative guidelines, akin to Solvency II, could still be introduced
Requirement for statement to members puts pension funds at cost disadvantage to insurers, association says
European Commission throws support behind number of proposals to encourage long-term financing
New prudential framework should create level playing field, pensions industry association says
What is your current thinking on equity investment?
Antony Barker, of the UK Santander Group Pension Scheme, tells Jonathan Williams how his fund is on a path towards sustainability, and how property and consumer disposable income play a key role in the new asset allocation
“What makes businesses interesting is how they adapt to a global changing world,” declares John Calamos, founder, chairman, CEO and co-CIO of Calamos Investments. Having set up the firm in 1977, listed it on Nasdaq in 2004 and reached an AUM peak of $49bn (€36bn) in 2007, he is now overseeing a transformation that he intends will take it on a journey from a predominantly US focussed firm to a global fund management company.
As an institutional manager and provider of institutional-type investment management services to private banks, including within its own group, Pictet Asset Management (PAM) clearly stands apart from the private banking fraternity.
A recent NBER working paper suggested that private equity delivered absolutely no risk-and-cost-adjusted return beyond what is available in public markets. Anthony Harrington takes a closer look at this surprising finding
Financial services may be a less stretched way to get exposure to the emerging consumer, writes David Turner. But will stockpicking shield investors from these markets’ credit crunches?
Bob Swarup likens today’s environment with the second industrial revolution and the six-year depression it unleashed, and advises investors to get on the right side of the current technological revolution
Leen Preesman asks the CEOs of PGGM and PKA about their co-operation plans and about the development of supplementary pensions in Europe
“Auto enrolment would make sense in Germany and could develop through collective bargaining”
No, I haven’t had a damascene conversion to become an ESG critic. Rather, my argument is that the ESG (environment, social and governance) community needs to add another ‘E’, for economics.
Wasserdicht’s Dutch pension fund is one of the few that has maintained a strong solvency ratio throughout the crisis of the past few years.
“The most important factor that determines the outcome in DC pensions is the member charge, not the investment strategy”
Who would have thought that Davos would take over from the dormant Occupy movement on the issue on ‘inequality’? Or that five years after the crisis the financial sector would still be top of the WEF Global Risks register?
The figures speak for themselves when it comes to the development of defined contribution (DC) pension assets. Defined benefit (DB) pensions accounted for over 60% of the total assets in Towers Watson’s annual Global Pension Asset Study 10 years ago but that share is now 53% and falling; the annual growth of DC assets was 8.8% over the past 10 years compared with 5% for DB assets.
Credit rating agencies did not cover them- selves in glory in the financial crisis, particularly when it came to the rating of sub-prime credit instruments. While the main ones have taken steps to put their house in order, the EU has targeted the perceived mechanistic over-reliance of institutions on external ratings.
Ever since US 10-year yields bounced off of a low of 1.4% in July 2012, the investing commentariat has been predicting the end of the bond bull market and sky-high levels for benchmark rates.
Of the nearly 270 signatories of the UN-backed Principles for Responsible Investment - which includes a pledge to be active, engaged shareholders - there are only six German pension funds. While the picture in neighbouring Austria, where only one fund has pledged allegiance, and Switzerland – with just three pension supporters – is comparably low, in terms of engagement, it is a matter of comparing apples with oranges.
At this year’s National Association of Pension Funds Investment Conference, delegates gathered in Edinburgh looking to bridge ideas and investment strategies for the future. Sessions on smart beta, liability-driven investing (LDI) and multi-asset solutions were popular.
Danny Alexander, a senior Treasury minister in the UK government, has called on pension funds to invest more in infrastructure.
After the recent changes announced in the UK Budget, how will the bulk annuity market change in future?
Buyer demand highest for residential, centrally located commercial real estate
Bank signs new employees up with Germany’s largest Pensionskasse
Head of pensions at banking group outlines scheme’s interest in distressed situations where property values can be realised over a decade