- Will TPA live up to its promise?
- Asset owners that have adopted a total portfolio approach say it is superior to strategic asset allocation. The debate continues.
Top stories
EU parliament proposes VC allocation requirement in IORP II review proposal
Damian Boeslager, the MEP in charge of the IORP II reform for the European Parliament, has outlined his initial thinking about the way forward
Credit Suisse pension fund de-risks as cash outflows reshape strategy
The changes mark a shift towards a more permanent environment of structural cash outflows, prompting a realignment of the investment process
DWP extends master trust-style transfer powers to CDC schemes
UK government confirms CDC schemes can receive bulk transfers without consent, prompting early industry support
In focus this week
Analysis
Regulators step up focus on climate adaptation investments as heatwaves blight Europe
Last week, the European Commission published a summary of the climate resilience concerns stakeholders have for EU lawmakers
IPE UK Briefing: Fidelity and L&G see each default fund reach £25bn AUM
Plus: Mansion House Accord anniversary; Venture capital commitment; Pensions Commission urged to be brave; LTAF launch
Sweden mulls changing AP funds’ illiquid asset rules after Northvolt lessons
AP4 welcomes review, and says buffer fund is already addressing several of report’s main recommendations
Swiss pension funds increase domestic equity exposure as funding ratios surge
Strong equity returns and higher domestic allocations lifted Swiss pension funds to historic funding highs
‘Simplifuscating’ the data foundation of Europe’s sustainable finance
In his first regular column for IPE, Frédéric Ducoulombier, head of the climate regulation and policies programme at EDHEC Climate Institute, warns that the European Commission’s plan for corporate sustainability reporting standards has serious implications for investors
Pension investors cannot afford to ignore the resilience premium
Planetary change is repricing assets – trustees need better signals to identify the long-term premiums for climate resilience
Pension funds should not dismiss TPA out of hand
Since the mid-2000s, an influential group of asset owners and investment practitioners has advocated for a total portfolio approach (TPA) in investment.
Swedish government reshuffles leadership at AP Funds
Leadership changes announced at AP2, AP3 and AP7 as several long-serving board members depart
People moves: PGGM appoints chief transformation officer
Plus: Association of Consulting Actuaries elects chair; Italy’s Fondoposte shuffles board
People moves: Alecta’s chief to retire
Peder Hasslev is retiring as chief executive officer of Sweden’s largest pension fund this autumn
IPE UK Briefing: Fidelity and L&G see each default fund reach £25bn AUM
Plus: Mansion House Accord anniversary; Venture capital commitment; Pensions Commission urged to be brave; LTAF launch
Regulators step up focus on climate adaptation investments as heatwaves blight Europe
Last week, the European Commission published a summary of the climate resilience concerns stakeholders have for EU lawmakers
IPE Netherlands Briefing: New ABP index strategy disappoints
The index is based on ABP’s own ESG criteria and excludes several hundred companies, mainly in the US, including Alphabet (Google) and Meta (Facebook)
IPE DACH Briefing: Swiss pension funds step up private markets allocations
Siemens Pensionskasse is moving into direct lending to broaden its investment universe, while Asga Pensionskasse is also expanding alternative investments
European pension funds focus investment domestically as fears grow over the US
Doubts over the direction of the Trump administration are rising due to the war against Iran
Canada's La Caisse on the need for pension funds to defend ESG
Pension funds are challenging the accusation that sustainable investing compromises fiduciary duty and fails to have an impact on the real economy and fight climate change
UK pension funds PPF and USS on LDI and fixed income risk management
The PPF takes a dynamic approach in its LDI portfolio, while USS’ head of fixed income outlines the scheme’s globally diversified rates hedge
Ann Prendergast, State Street IM: “Policymakers today see us in a different light”
Ann Prendergast, head of EMEA at State Street Investment Management, tells Carlo Svaluto Moreolo about resilience in the financial industry and unlocking investment into productive capital
Swedish pension company SEB Gamla Liv rethinks investment strategy
Stockholm-based pension company SEB Gamla Liv is contemplating solutions to maintain its trademark strategy of a large allocation to illiquid assets. CEO Erik Kleväng Callert talks to Caroline Liinanki
ABP CIO Herman Bril: I understand fossil fuel investors
The new CIO also talks about cutting its US Treasuries exposure and playing for ‘Team NL’
IPE Magazine May/June 2026
Read the latest issue of IPE Magazine
Browse the digital edition and find highlights from this month's issue below
Digital edition of IPE magazine
May/June Highlights
European pension funds focus investment domestically as fears grow over the US
Doubts over the direction of the Trump administration are rising due to the war against Iran
Breaching planetary boundaries should be a major concern for long-term investors
Attending the Change Now conference in Paris, I was assaulted by an overflowing cornucopia of ideas, activists, academics and entertainers.
European small-cap equities: Time for the tail to wag the dog?
Europe’s small-caps have shown attractive vaulations. Now smaller firms in sectors like tech, defence and energy infrastructure look set to shine
Canada's La Caisse on the need for pension funds to defend ESG
Pension funds are challenging the accusation that sustainable investing compromises fiduciary duty and fails to have an impact on the real economy and fight climate change
UK pension funds PPF and USS on LDI and fixed income risk management
The PPF takes a dynamic approach in its LDI portfolio, while USS’ head of fixed income outlines the scheme’s globally diversified rates hedge
Asia Pacific private equity comes of age as mega-deals reshape the market
The growing number of multi-billion-dollar transactions reflects the maturation of Asia Pacific private equity
New game in town: Total portfolio approach
The debate about whether total portfolio approach will supersede strategic asset allocation is far from over
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