Wednesday people roundup
Coats, Unigestion, Insight Investment, M&G Investments, RBC Global Asset Management, Tikehau Capital
UK roundup: Budget reforms, TPR, auto-enrolment
Requirement for pension funds to provide independent financial advice on transfers relaxed as DC freedoms approach
Quantitative easing programme an 'opportunity' for Germany's BVK
German Association of Corporate Pension Funds laments impact on savers
Higher-risk, equity-weighted pension funds peform best in Latvia
Country’s second-pillar schemes return 5.2% in 2014, according to Association of Commercial Banks
Pension funds' ETF allocations driven by diversification, study shows
Schemes hold onto ETFs for 29 months on average – the highest of all institutions in Europe
Norwegian oil fund offloads firms over environmental, human rights records
Sovereign wealth fund divests from three companies after concerns raised over environmental, ethical and human rights records
Dutch pension fund mulls merger with three other schemes
Pension fund for disabled workers seeks to ‘secure certainty’ for participants
Swiss BVK avoids CHF1bn loss with 'comprehensive' currency hedge
Hedge allows pension fund for canton of Zurich to weather currency volatility ‘comparatively well’
UK Debt Management Office concedes 'growing case' for CPI issuance
Pension funds continue to lobby DMO over issuance of index-linked Gilts based on consumer prices index
Possibility of Greek exit already factored into portfolio – APG
Pension fund shifted strategic government bond allocation in favour of UK, US government paper
January 2015
- Investing In Small & Mid-Cap Equities: Starved of capital
- How We Run Our Money: Wolfram Gerdes, CIO of the KZVK-VKPB pension funds for German church employees
- Special Report, The M&A Cycle: Big deals
- Analysis - When trend is not your friend
- Pensions In Central & Eastern Europe: A fresh start for pensions
Digital Edition
Registered users are entitled to the first digital issue of IPE with the compliments of the IPE.com team.
On the Record: Andreas Kretschmer CEO, Ärzteversorgung Westfalen-Lippe (ÄVWL) Germany
Do you invest in long-term, illiquid assets? Matching long-term cash flow to liabilities
On the Record: Allen Twyning Head of debt origination, Pension Insurance Corporation (PIC) UK
Do you invest in long-term, illiquid assets? Matching long-term cash flow to liabilities
New ways to talk to your members
As European social welfare budgets come under pressure, persuading stakeholders of the need both to make retirement provision and to save towards it is becoming more crucial.
Investment Briefing: Sayonara, keiretsu
Abenomics may not be the only reason to take another look at Japanese equities. David Turner uncovers a sudden conversion to the shareholder-friendly religion
IPE Views: Investors on the fence over €315bn Juncker plan
Jeremy Woolfe finds much talk but little action so far on EC’s proposed €315bn investment plan
Frozen conflict
Since a 1964 report on road pricing in the UK, authored by one RJ Smeed, the idea of charging citizens for use of public highways has been repeatedly raised in Britain.
Real estate
Swiss BVK avoids CHF1bn loss with 'comprehensive' currency hedge
Hedge allows pension fund for canton of Zurich to weather currency volatility ‘comparatively well’
LPFA, Greater Manchester launch £500m infrastructure vehicle
Shared vehicle to have London, Manchester focus but look to invest in national projects
Guest viewpoint “The long term can be a very strange place in many ways”
With 78% of pension funds considering themselves long-term investors in an IPE Focus Group survey, it would be tempting to believe that dramatic progress had been made towards achieving the objectives of the Kay Review on UK equity markets.
Every lesson helps
Here are 12 things arising from the Tesco accounting debacle that pension funds could deploy which would help prevent, or at least mitigate, similar implosions. This needs to be a two-way process. My questions are forward-looking and include some that investors can ask of asset managers.
