Today's top news stories
Solvency requirements ‘encourage investment in risky equities’
Quant managers from Robeco argue for a more nuanced approach to assessment of equity risk
Accounting regulator cuts pension scheme levy, warns of future rises
FRC says its voluntary levy on pension funds and insurers could increase over the next three years
Freedom of choice ‘could cost companies £25bn’, consultant warns
Xafinity Punter Southall warns accounting bill from at-retirement freedoms introduced in 2015
UK roundup: £46bn public sector pool appoints Northern Trust
Plus: London CIV’s latest mandate launched; Water industry regulator on dividends v pension contributions debate
Losses at top Dutch schemes ‘reflect brittle recovery’
Pension funds say fear of inflation and rhetoric over trade barriers caused slowdown in Q1
Asset management roundup: ERAFP awards €2bn currency mandate
Also: JP Morgan and BlackRock partner for ESG indices; Amundi launches leveraged loan fund
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On the record: Do you believe in factors?
Sparinstitutens Pensionskassa (SPK), KBC Pensioenfonds, Migros Pensionskasse
How we run our money: CEPB
Pierre Jameson, pictured, CIO of the Church of England Pensions Board, talks to Carlo Svaluto Moreolo about the fund’s active and global investment strategy
Emerging market debt: A universe in constant flux
Emerging markets have changed enormously since their advent as distinct category in the 1980s
Convertible bonds: Welcome back, volatility
Investing in convertible bonds is a long-only strategy requiring investors to monitor a raft of factors
Derivatives: Pros and cons of central clearing
While there is uncertainty over exemptions for pension funds, compliance with EMIR could bring benefits
The right balance
In a world that has demanded greater levels of robustness of financial institutions since the financial crisis, regulators are also faced with how to calibrate the funding requirements of pension funds
Ireland: The risk of promising too much on reform
Ireland must be careful of overpromising when it comes to what its reforms can achieve, or it will lose a golden opportunity to boost public trust in the pension system
European Equities: Catching up with global growth
European equities look set to catch up with other developed markets this year after recent underperformance
Small Caps: Positive outlook continues
European small caps could continue to do well in the prevailing economic and political environment
Long Term Matters: Getting behind the stewardship bullshit on Carillion
Every so often things go so wrong that players are forced to come clean. Which is what has started to happen with Carillion. And it’s not a pretty sight
Diary of an Investor: Imperfect foresight
‘Administration!’ declares Geert, our head of investment research one morning. ‘Not a sexy subject.’
Long Term Matters: What my illness is teaching me about investment
When diagnosed with life-threatening conditions, we can be devastated, run from the diagnosis or embrace it and adapt. No prizes for guessing the smarter choice. The same goes for investment decision-makers today
Guest viewpoint: Luke Hildyard
“The potential impact of climate change on investments should be considered at least on an annual basis”
Long Term Matters: Investment can be a true profession
Carillion, the UK construction company that collapsed recently, reminds us, once again, that investment is yet far from being a credible profession
