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Committee could be on verge of restricting ability of DB sponsors to recognise plan surplus on balance sheets
Union cites new contribution rules in FTK proposals
Philips Pension Fund takes total pensioner insurance buy-in contracts to £784m after new tranche
German pension providers ‘wasting investment potential’, consultancy says
Cambridge Associates, Momentum Global Investment Management, Mercer, Capital Cranfield, Schroders, MFS Investment Management
Funding improves marginally due to falling interest rates
Deal will see company retain own branding as US house seeks to grow equity expertise
Single-fund provider removes annuity-matching portfolio as part of default investment strategy
National Employment Savings Trust to consider alternatives to target-date at retirement
Dalriada’s Adrian Kennett looks at what’s to come after the government’s ‘clear statement of intent’ on reform
Prime minister says move is ‘preferred option’ to nationalisation
Domestic equities propel overall profits; year-earlier return depressed by rate rises
Foreign Ministry to weigh EU restrictions, with €5.7bn of assets at stake
Organisation insists ‘sensitivity’ of risk-assessment framework should be part of directive
APG, Belgacom, BP Pension Trustees, Avida International, Horeca, MN, Société Générale Securities Services, UBS Global Asset Management
Registered users are entitled to the first digital issue of IPE with the compliments of the IPE.com team.
How do you use corporate bonds in your portfolio?
Alfredo Granata and Paola Muratorio tell Carlo Svaluto Moreolo about their fund’s drive to invest in the real economy and its openness to new ideas
When Russell Büsst was coaxed from Amundi in 2011 to head Conning’s expansion into Europe, he had three objectives: break even and hit $10bn (€7.38bn) under management within three years; use the firm’s insurance-industry relationships as a platform to build the pan-European business; and balance property-and-casualty (P&C) with life-and-pensions (L&P) assets.
Erik Callert, chief investment officer of SPP Livförsäkring, tells Jonathan Williams how an overhaul of its portfolio left it better equipped to deal with Solvency II
M&A activity is expected to increase as the global economy recovers. Gail Moss looks at the implications for pension funds that sponsors and trustees should consider
The European Commission unveiled its proposals for a uniform pension benefit statement this spring. The idea has had a mixed reception, as Gail Moss finds
European institutional investors have been more reluctant to use the law to enforce their rights than their US counterparts. But recent actions suggest this might be about to change, writes Stephen Bouvier
While innovation can take place in companies of any size, smaller companies sometimes get the edge through fresh thinking and nimble structures. Christopher O’Dea finds that innovation opportunities are abundant both abroad and at home
Earlier this year, the investment team had a briefing from Rolf, the long-standing chairman of trustees of the Wasserdicht Pension Funds here in the Netherlands. Things are changing, at least in terms of our internal governance, and Rolf came along to tell us about it.
Assets managed by pension funds in Italy equate to about 6% of its gross domestic product. In a country where the social security system provides an adequate level of coverage at retirement that would not be a concern. But in Italy, after all the recent reforms, this situation represents a relevant risk for both employees and employers. Benefits provided by the social security system have strongly decreased over the last 20 years and the retirement age raised considerably.
OK, it doesn’t work very well. We’re still on track for runaway climate change, according to Fatih Birol, chief economist of the International Energy Authority.
In the Netherlands we are sensitive to environmental problems and are aware of our vulnerability as a low-lying nation to rising sea level. After all, you have to if a fifth of your land and a fifth of your people are below sea level.
“A balanced scorecard enables trustees to monitor, assess and improve outsourced services”
The debate about Pfizer’s proposed takeover of the UK’s AstraZeneca – which should have resolved itself by the time you read this – reminds us that there are some big unanswered questions relating to institutional investors and M&A activity.
Senior staff at China Investment Corporation (CIC) are talking about investment governance these days, reflecting growing recognition of the importance of sound non-executive or supervisory board oversight for all kinds of entities, be they global companies, sovereign wealth entities or pension funds.
ECB president Mario Draghi unveiled his latest measures to arrest disinflation and rouse dormant corporate lending markets in June. Soon afterwards, big records started tumbling.
Italy is a self-perpetuating paradox. Structural and historical forces keep the country under constant pressure; yet they drive a search for innovation to solve long-lasting problems. The pension system is a perfect example.
It may come a surprise that the UK, Europe’s leading pension market by assets, has been one of the least innovative in terms of benefit design – something the present government is keen to rectify.
An overhaul of the Norwegian oil fund’s active management approach should free it from most of its current investment restrictions, according to a report co-authored by the former chief executive of the Canada Pension Plan Investment Board (CPPIB), David Denison.
Fundamentals, technicals and sentiment have come together to change the fortunes of peripheral euro-zone bonds. Joseph Mariathasan finds that, while these markets may never again be considered core, yield-hungry investors are happy to provide continuing support
The world’s banks are cutting debt and repairing balance sheets. The world’s non-financial companies are gearing up to take risk. Joseph Mariathasan explores why the choice for bondholders is not as clear as it sounds
A recent reform announcement could significantly reduce the UK’s annuity market. Joseph Mariathasanasks what the knock-on effect might be for long-dated sterling bonds
After the big spread-tightening, managers warn against the shortest maturities and talk up senior bank debt, bottom-up bond-picking and relative value basis trades David Turner explores opportunities in the euro-zone credit sweet spot
Jittery investors at the top of markets and liquidity mis-matches within investment products could exacerbate the current lack of market-maker liquidity in corporate bonds. Charlotte Moore assesses the risk
Sovereign fund buys in Boston, San Francisco with MetLife, TIAA-CREF
Corporate pension fund, university pension scheme select Aegon subsidiary
Admission comes despite market’s exceeding $500bn, with 2014 issuances set to double compared with 2013
Asset manager to act as strategic adviser, selecting new investments for €102m portfolio