All Analysis articles – Page 6

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  • Analysis

    Letter from the US: Bad deal from IRAs

    February 2016 (Magazine)

    Americans are saving more in Individual Retirement Accounts (IRAs), but this vehicle has the highest fees and the lowest returns, according to a new study by the Center for Retirement Research (CRR) at Boston College. This means trouble for retirees.

  • Analysis

    Letter from the US: PE in the firing line

    January 2016 (Magazine)

    US public pension funds may play a role they would prefer to avoid in the 2016 presidential campaign as protagonists in the politically controversial private equity (PE) industry. Indeed, one of the reasons the Republican Mitt Romney lost the race to the White House was his connections to the sector.

  • Analysis

    Letter from Brussels: A lawyer’s feast

    January 2016 (Magazine)

    It is a case of tackling one challenge after another in the Capital Markets Union (CMU). According to the European Commission, the present morass of different national insolvency rules creates a barrier to the flow of capital across the EU. 

  • Analysis

    Letter from the US: Central States snag

    December 2015 (Magazine)

    A pensions bust-up is looming on the fringes of the 2016 Presidential campaign, involving the 115,500 retirees of the Central States Pension Fund (CSPF) who face a 28% average cut of their monthly pension. But the stakes are much larger. Senator Bernie Sanders, one of the Democratic presidential contenders, is championing the rights of those retirees. His attempt to stop the cuts with a new law could affect the whole pension industry.

  • Analysis

    Letter from Brussels: Cross-border challenge for IORP II

    December 2015 (Magazine)

    IORP II may have cleared the European Parliament’s committee stage but amendments tabled to the second directive covering occupational pensions since 2003 are so radical that it would be unwise to forecast its future.

  • Analysis

    Letter from the US: Lower expectations

    November 2015 (Magazine)

    Most US state retirement systems are cutting their investment return predictions. But this is still not enough, according to critics, and a minority of public pension funds are retaining optimistic assumptions and aggressive strategies.

  • Analysis

    Letter from Brussels: Focus on low returns

    November 2015 (Magazine)

    Dismally low returns on EU pension fund investments over 15 years? The allegation comes in a study by Better Finance, the European Federation of Investors & Financial Services Users. The report, Pensions Savings: The Real Return, points to excessive fees, points to other charges, and badly framed taxation rules, as the culprits.

  • Analysis

    Denmark 2015 - PFA Pension

    November 2015 (Magazine)

    Judge’s comment: “With strong emphasis on active ownership and social responsibility, this is the best of a very strong set of submissions from Denmark”

  • Cayman Islands Sign
    Analysis

    Letter from Brussels: Pressure builds on tax havens

    October 2015 (Magazine)

    Brussels’ financial focus is on aggressive corporate tax planning and the related question of tax havens. This concerns the hedge fund ‘passport’ rights to do business across the EU and compliance of the offshore jurisdictions where they are domiciled to EU norms.

  • Analysis

    Letter from the US: From small beginnings

    October 2015 (Magazine)

    The US private retirement annuity market is quite small. But it is likely to grow dramatically thanks to the convergence of various factors

  • Analysis

    Letter from the US: A new way of thinking

    September 2015 (Magazine)

    Three years ago car makers Ford and General Motors opened the way to a new means of de-risking defined-benefit (DB) pension plans. They offered a lump sum to participants who were receiving benefits

  • Analysis

    Letter from Brussels: A tricky path ahead

    September 2015 (Magazine)

    The process of making pensions policy in Brussels between now and end of the year resembles two juggernauts moving towards each other

  • Analysis

    Letter from the US: Reform challenge

    July / August 2015 (Magazine)

    The head of one of America’s largest financial product providers recently gave a provocative talk on retirement to a think tank based in New York

  • Analysis

    Letter from Brussels: Ready with the axe?

    July / August 2015 (Magazine)

    The lack of demand rather than supply for both credit and capital is a common criticism from investors of the EU’s capital market union (CMU) programme

  • Analysis

    Letter from the US: DB pensions bond bind

    June 2015 (Magazine)

    US corporate pension funds are caught in a dilemma. They are buying long-dated bonds to match their liabilities but in doing so they are driving down their yields, making liabilities look more expensive

  • Analysis

    Letter from Brussels: Awaking a sleep-walking economy

    June 2015 (Magazine)

    A few more European cross-border lending opportunities have started to emerge. This follows anticipation of the European Investment Plan launched by Jean-Claude Juncker

  • Analysis

    Letter from the US: Pensions push on climate change

    May 2015 (Magazine)

    US pension funds are using the meetings to push forward their agenda on climate change

  • Analysis

    Letter from Brussels: Bond market scrutiny

    May 2015 (Magazine)

    There has been a flurry of activity and comment from industry groups on the subject of bond market liquidity

  • Analysis

    Letter from the US: Move to put clients first

    April 2015 (Magazine)

    Who will manage the new My Retirement Account (MyRA) pension savings vehicle? This is a big question for the US pension fund industry now that President Barack Obama has created the new programme. 

  • Analysis

    Letter from Brussels: Uphill battle for CMU

    April 2015 (Magazine)

    There is enthusiasm for the EU’s capital market union (CMU) project. However, it faces prodigious obstacles in achieving its 2019 deadline.