All risk management articles
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News
European financial market authorities set priorities for macro-prudential approach
Austrian FMA, Italian CONSOB, Spanish CNMV and French AMF have identified five key priorities
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News
Dutch pension funds cannot reduce risk without limits, says regulator
Many Dutch schemes plan to dial down investment risk to protect their funding ratios in the run-up to the pension transition
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News
German regulator updates governance requirements for pension plans
Three new circulars concern members of management and supervisory boards
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Features
Market volatility: low risk does not mean ‘no risk’
Efforts to produce an accurate estimate of market risk can sometimes turn into a pessimist’s paradise, leading to a paradox. If the outcome of the estimation looks positive, investors might feel that they should not count on it, and if it looks negative, the real outcome will probably be worse than expected. From that perspective, the third quarter of this year was a very unusual one, quantitatively speaking. Not only did both risk and return decline simultaneously – a rare event – but investor sentiment also turned negative during the quarter, ending at its lowest level since the March banking crisis.
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News
UK’s NEST picks BlackRock’s Aladdin risk management platform
This will help NEST to build a more resilient portfolio and enhance its capability to undertake greater and more sophisticated risk analysis
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News
Irish Pensions Authority publishes own-risk assessment guidance
Trustees are required to complete a full own-risk assessment every three years.
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News
68% of Irish DC schemes plan to wind up and transfer to alternative arrangement
Many schemes are moving their pensions into multi-employer mastertrusts or personal retirement savings accounts
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News
IASB to explore options to improve accounting for climate, other risks
The board will likely focus on targeted changes covering topics such as estimates, disaggregation and materiality
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News
TNFD launches final disclosure recommendations
TNFD activities coincide with legislation on nature-related disclosures mooted in some countries
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News
German employers consider de-risking pension promises a ‘key trend’, says Aon
Reducing risks relating to pension promises continues to represent a “key trend” for German employers, according to the Aon’s Market Report 2023. Employers tend to reduce risks by promising a lower level of guarantees, which, the report, stated, reducing, or completely dropping guarantees can lead to an increase in benefits ...
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News
UK roundup: DB scheme transfers see significant fall in quotations
Plus: PLSA recommends policy measures to reduce risk of over-saving; Smart Pension partners with Punter Southall
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News
UK roundup: Small DC schemes fail to meet value expectations
Plus: Border to Coast sets up engagement programme; Risk sharing could provide an age-old solution, says Hymans Robertson; Impact Cubed launches SDG dataset
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News
German schemes could face further liquidity risks
Substantial rating downgrades of securities held by German investment funds could lead to high outflows
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News
Bank of England calls on pensions industry for financial stability responsibility
‘Central banks cannot be a substitute for the primary obligation of LDI funds to manage their own risk,’ says BoE
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News
UK master trusts don’t survey members on risk appetite
‘Risk considerations are not driven by member views but by expert opinion,’ says Hymans Robertson
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News
KENFO plans to invest over €5bn in alternatives to reach allocation target
The fund has 6% of its total assets invested in alternatives, but plans to build up its illiquids portfolio over the years
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News
PensionsEurope Conference: Risk management in time of transition
The move from DB to DC schemes, and a renewed emphasis on ESG, lead to a rethink in governance and investments
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Interviews
Pension funds on the record: In-house due diligence of private debt managers pays off
Experienced alternative credit investors find that risk-adjusted returns are better than in the more liquid credit markets
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Opinion Pieces
Viewpoint: The power of prioritisation
When you can’t decide on return and risk, you think of the window of light
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News
BVI slams ESMA’s draft guidelines on ESG, sustainability labels
EFAMA highlights concerns about proposed numerical threshold approach