Analysis and opinion

  • Liam Kennnedy
    Opinion Pieces

    Guard against mission creep

    May 2020 (Magazine)

    As the impact of the coronavirus continues to make itself felt, largely out of sight in hospitals and care homes, the parallel with today’s social, market and economic situation feels unusually apt

  • Gerard van Olphen
    Analysis

    Perspective: COVID-19: Funds seek solace in the long term

    May 2020 (Magazine)

    COVID-19 is forcing European pension funds to put on a brave face as asset portfolios and funding ratios plummet, and regulators soften their stances.

  • Daniel Ben-Ami
    Opinion Pieces

    Pandemic quickens existing trends

    May 2020 (Magazine)

    It was probably inevitable that many would declare that the Covid-19 pandemic changes everything. The only question was how that sentiment would be expressed

  • Matthew Edwards
    Analysis

    Perspective: Inspired actuaries form COVID-19 rapid response group

    May 2020 (Magazine)

    At the onset of Europe becoming the epicentre of the coronavirus crisis, there were individuals in one profession that were keen to act as quickly as possible in response to what they saw “could well be humanity’s burning platform for change”. 

  • Carlo Svaluto Moreolo
    Opinion Pieces

    Market disconnects have widened

    May 2020 (Magazine)

    Thanks to a remarkable comeback in April, equity markets have partly offset the collapse that took place as a result of the COVID-19 pandemic. 

  • EIOPA has garnered a positive response for its reaction to the COVID-19 pandemic
    Analysis

    Perspective: EIOPA’s COVID-19 address reassures

    May 2020 (Magazine)

    A coronavirus crisis statement from EIOPA addressed to national supervisors drew positive words from lobby groups PensionsEurope and the European Association of Paritarian Institutions (AEIP).

  • Venilia
    Opinion Pieces

    Not business as usual

    May 2020 (Magazine)

    Basing investment decisions on short-term events can have long-term consequences, so it is vital trustees seek guidance

  • Bulging balance sheet at the Fed
    Analysis

    Perspective: Four difficult questions facing pension fund investors

    May 2020 (Magazine)

    The fallout from the COVID-19 pandemic poses many difficult questions for investors. Pension funds will probably have to reconsider many long-standing assumptions. These are some of the most intractable.

  • Raj Thamotheram
    Features

    Long Term Matters: Learning from COVID-19

    May 2020 (Magazine)

    As the tide of the Second World War was turning in favour of the Allies, there was a ferment of discussion – initially bottom up – about how to build a better world when the war was over. While loved ones were fighting overseas and people at home were struggling with rationing and movement restrictions, some made the time to think about the future. The Bretton Woods Agreement, establishing fixed exchange rates, happened ten months before the war ended in Europe.

  • Richard Farr
    Analysis

    Pensions accounting: A matter of survival

    May 2020 (Magazine)

    If there is one thing DB scheme sponsors and trustees can be sure of this year, the COVID-19 pandemic is going to affect not only their ability to fund schemes but also how they account for them

  • Neil Lloyd
    Features

    Letter from US: Short-term relief, long-term pain

    May 2020 (Magazine)

    The COVID-19 pandemic is having an immediate and transparent impact on American defined contribution plans. But it also has implications for defined benefit plans in the long run

  • Jeremy Coller
    Features

    Guest Viewpoint: Jeremy Coller

    May 2020 (Magazine)

    The global shutdown is painful for almost every sector of the economy. But in some industries the real damage will begin after the pandemic ends  

  • Liam Kennnedy
    Opinion Pieces

    Knowns and unknowns

    April 2020 (Magazine)

    “There are known knowns; there are things we know we know. We also know there are known unknowns; that is to say we know there are some things we do not know. But there are also unknown unknowns – the ones we don’t know we don’t know.” Donald Rumsfeld, former US secretary of defence, February 2002

  • Book review - Radical Uncertainty
    Book Review

    Book review: Radical Uncertainty by John Kay and Mervyn King

    April 2020 (Magazine)

    Within the terms of their own analysis, the authors of Radical Uncertainty might be remembered for a prescience they could neither possess nor aspire to 

  • The case for a UK sovereign wealth fund
    Opinion Pieces

    The case for a UK sovereign wealth fund

    April 2020 (Magazine)

    In November 2012 I suggested in an article in IPE that the UK should set up a sovereign wealth fund. The House of Commons had a parliamentary debate on setting one up in December 2016* and included the IPE article in the background papers. Unfortunately, Brexit overshadowed all else, but now that it is done, there may be a case for revisiting the arguments.

  • Amin Rajan and Anthony Cowell
    Features

    Research: The new benchmarks

    April 2020 (Magazine)

    Sustainability is set to become the gold standard of investing

  • Carlo Svaluto Moreolo
    Opinion Pieces

    Letter from a country in crisis

    April 2020 (Magazine)

    Empty streets and squares are not a usual sight in Italy, a country whose people love to socialise. The deadly COVID-19 pandemic has even taught Italians to make orderly queues outside supermarkets. The reality is that while Italians are not good at prevention, they are outstanding at reacting to emergency situations, thanks to their experience dealing with earthquakes and other natural disasters.

  • Coronavirus - A Moving Target
    Analysis

    Coronavirus: Pension funds take comfort from relative health in turbulent times

    April 2020 (Magazine)

    European pension funds have underlined their position as long-term investors as they face unprecedented market turbulence and an economic downturn.

  • venilia ipe dec 2019
    Opinion Pieces

    Be prepared for the future

    April 2020 (Magazine)

    As 2019 came to an end, there were a number of risks that investors around the world would have to watch out for – Brexit negotiations, the US election, the trade war between China and the US – but nobody could have guessed that the COVID-19 pandemic was to come.

  • Daniel Ben-Ami
    Opinion Pieces

    Understanding the pandemic’s impact

    April 2020 (Magazine)

    When facing a serious threat it pays to remain as calm as possible. The temptation to panic is inevitably strong but it should be resisted.