Today's top news stories
Funding at top Dutch schemes improves, but worries about cuts remain
Recovery is slowing down, raising fears that benefits may have to be cut
Nordea restructures after selling Danish business
Pan-Nordic team of 30 staff aims for improved access to investment deals and stronger performance
ING scheme raises hedging to protect inflation-linked payments
Pension fund also considering hedging interest rate risk on liabilities
Consumer group issues stark capital protection warning over PEPP
Better Finance argues that without capital and inflation protection it will recommend investors avoid the PEPP
People moves: Blankfein to exit Goldmans; DWS expands insti team
Goldman Sachs, DWS, Investec, PAAMCO Prisma, IFRS Foundation, FRC, Vanguard, SIMAG, Achmea, VanEck, BlueBay, Barnett Waddingham, Kas Bank
ESG engagement proposals ‘neither practical nor purposeful’: PLSA
Proposed requirement for statement on approach to member views would risk ‘greater confusion’
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On the Record: Sovereign bond risk?
Industriens Pension, Fondenergia, WPV
How We Run Our Money: Lærernes Pension
Morten Malle, investment director of Denmark’s Lærernes Pension, explains how the fund stays agile
Shades of grey on Dutch CDC
Dutch collective defined contribution is mostly a uniform concept, but with important distinctions
Selection is key in EMD
Anxiety is growing about emerging market debt. US rate rises and the potential for a stronger dollar mean that EMD may be heading for turbulent times
Brexit is no simple break
The implications of the UK’s EU departure will be complex and wide ranging for asset managers
Reasons to understand blockchain
The rise of blockchain architecture coincides with a period of falling trust in institutions
Trouble ahead
The current discussion of monetary policy is in some respects reminiscent of that of the mid-2000s
Liability Management: The end of LDI as we know it?
The DB pension industry is nearing peak LDI and a new understanding of liability management is taking hold
Euro-zone: What comes after QE?
The euro-zone is on an exit route from quantitative easing
Better be ready, come what may
UK DB schemes becoming cashflow negative face many challenges
Long-term Matters: An apocryphal tale for wannabe climate-aware investors
It is impossible to know how today’s CIOs will look back on their actions in the 2010s. But, we still have time to avert the worst of runaway climate change
Guest Viewpoint: Amlan Roy
Incorporating changing behaviour and technological trends in retirement planning is essential
Diary of an Investor: What’s up with research costs?
In fixed income, no-one has ever really known how the research impacts on investment costs
Long-term Matters: Who decides which engagement is fit for purpose?
Private responses to my recent article about investors who do ‘BS’ stewardship have raised two key questions
Guest Viewpoint: Fiona Stewart & Georg Inderst
“A growing body of research shows ESG factors are a material credit risk for fixed-income investors”
