Today's top news stories
Real-terms funding at Dutch schemes improves to 91.9% on average
Number of schemes with coverage ratio of at least 100% rises from 25 to 36
MP Pension chief calls for Danske Bank’s Borgen to exit immediately
Danish academics’ pension fund won’t exit DKK600m stock holding despite damning money-laundering report
Pension funds ‘should begin derivatives clearing now’ to save costs
Looming EMIR rulebook could ramp financing costs up by 10 times current level, according to OpenGamma
Germany proposes relief for providers over €60bn enforced reserves
Amendments to Zinszusatzreserve calculations for insurers, Pensionskassen and Pensionsfonds
Some UK products will not be allowed in EU post-Brexit: Verhofstadt
European Parliament’s Brexit coordinator urges remaining member states to support Capital Markets Union
Asset management roundup: Generali backs ‘disruptive’ startup with $4bn
Also: Willis Towers Watson’s AMX crosses $6bn threshold with insurance client
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On The Record: Emerging Risks?
We asked chief investment officers of three of Sweden’s AP funds about how they view emerging market equities
How We Run Our Money: USS
Bill Galvin (pictured left) and Guy Coughlan of the UK’s Universities Superannuation Scheme outline their measured approach to valuation to Joseph Mariathasan
Non-performing Loans: A market in full swing in Europe
A stockpile of nearly €780bn worth of non-performing loans weighs on the European economy
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
Holistic answers needed
Fiduciary management was conceived as a sophisticated and holistic solution to the shortcomings of pension asset management that became evident after the equity market downturn of 2000-03
Avoiding another Lehman
Postponing the difficult decisions involved in tackling the economy’s productive weaknesses will only make matters worse
Emerging Market Equities: Resisting a tantrum
Most emerging markets are regarded as reasonably placed to handle the impact of the winding up of quantitative easing in the West
Argentina’s dramatic change of fortunes
Argentina has had to seek a $50bn rescue package from the IMF in its latest crisis after just two years of a boom period
Equity Markets: Behind the latest sell-off
The recent rash of selling of EM assets has been triggered by a combination of factors
Long-Term Matters: What world are we creating by saving the world?
The focus of ESG investment has been moving towards the environmental over several years. Topics like green bonds, carbon indices, green ETFs, portfolio carbon footprinting and decarbonisation are making headway
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
Guest Viewpoint: Fiona Stewart & Georg Inderst
“A growing body of research shows ESG factors are a material credit risk for fixed-income investors”
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
