Analysis and opinion – Page 7

  • daniel ben ami
    Opinion Pieces

    Bond bubble threatens emerging markets

    November 2019 (Magazine)

    Although the prospect of a trade war is the tail risk that has most worried fund managers since mid-2018, other potential perils look more threatening

  • Carlo Svaluto Moreolo
    Opinion Pieces

    Systemic risk debate intensifies

    November 2019 (Magazine)

    The financial system is facing its greatest challenge since the 2018 financial crisis

  • susanna sue rust
    Opinion Pieces

    What's in a pensions minister?

    November 2019 (Magazine)

    Last month, Jerry Moriarty, the chief executive of the Irish Association of Pension Funds, called on the country’s government to appoint a pensions minister 

  • zombie firms on the rise and surviving for longer
    Features

    Perspective: Fear the walking dead

    November 2019 (Magazine)

    Zombie firms – those dependent on the easy availability of cheap credit – threaten to suck the life out of otherwise viable companies

  • pensions in a hostile climate
    Opinion Pieces

    Pensions in a hostile climate

    October 2019 (Magazine)

     Outside the realm of US public pension plans, where generous return assumptions and inflated discount rates are common, the medium and long-term outlook for asset classes is of serious importance to most pension funds. 

  • storing up future pain
    Opinion Pieces

    Storing up future pain

    October 2019 (Magazine)

    Anyone who back in 2008 had accurately predicted what monetary policy would look like today would certainly have been regarded as unhinged. 

  • carlo svaluto moreolo
    Opinion Pieces

    Do not let costs become an obsession

    October 2019 (Magazine)

    Our report this month on management and outsourcing discusses how pension funds must increasingly rely on external organisations to analyse their portfolios, particularly from a cost perspective. 

  • nick reeve
    Opinion Pieces

    Time to talk pensions

    October 2019 (Magazine)

    At a press briefing last month, Bill Galvin, chief executive of the UK’s £68bn (€77bn) Universities Superannuation Scheme (USS), emphasised the importance of improving its communication policy. 

  • a franco german challenge
    Opinion Pieces

    A Franco-German challenge

    September 2019 (Magazine)

    France and Germany are the two countries that stand out the most for their comprehensive state pension systems and for underdeveloped second-pillar framework

  • market paradoxes demand new ideas
    Opinion Pieces

    Market paradoxes demand new ideas

    September 2019 (Magazine)

    It is the most fundamental premise of investing yet it is increasingly redundant: invest your money rather than hiding it under the mattress

  • chinas human rights abuses pose challenges
    Opinion Pieces

    China’s human rights abuses pose challenges

    September 2019 (Magazine)

    Investors who are serious about ESG should ask themselves about their China strategies 

  • nick reeve
    Opinion Pieces

    An ageing Europe needs radical policy ideas

    September 2019 (Magazine)

    The Centre for Social Justice – a UK centre-right think tank – has proposed retirement policy reforms including raising the country’s state pension age to 75 by 2035

  • hybrid plan accounting
    Features

    Pension promises: Hybrid plan accounting

    September 2019 (Magazine)

    Staff at the International Accounting Standards Board (IASB) are sketching out an approach to tackle so-called hybrid pension plan accounting

  • shares of global output
    Features

    Global conflict: Another side of the triangle

    September 2019 (Magazine)

    So much attention is focused on the trade conflict between the US and China that it is all too easy to miss the bigger picture

  • dawn of a new banner theme
    Features

    Passive investment: Dawn of a new banner theme

    September 2019 (Magazine)

    This follow-up article on the rise of index investing highlights how pension plans are seeking to promote stewardship among their index managers

  • screen shot 2019 06 25 at 13.42.13
    Features

    Relative response to liquidity issues

    July/August 2019 (magazine)

    Equity risk is a crucial portfolio exposure for pension funds and a key driver for long-term retirement outcomes for pension plans and their beneficiaries. Yet the structure of equity markets is in transition, which changes the way pension funds choose to allocate capital to them.

  • daniel ben ami
    Features

    The Disneyworld trap

    July/August 2019 (magazine)

    The remarkable reversal in the outlook for official interest rates over the past few months has received relatively little attention. Until recently it was widely accepted that rates could only move upwards. It looked almost certain that quantitative tightening (QT) would supplant quantitative easing (QE). Now the balance has reverted to further monetary accommodation.

  • screen shot 2019 06 25 at 13.56.45
    Features

    Italy’s first-pillar obsession

    July/August 2019 (magazine)

    Italy’s anti-establishment, eurosceptic coalition government has partly delivered on its promise to reform the pension system. ‘Dismantling’ the 2011 pension reform that curtailed benefits and raised the retirement age was key for both coalition partners – the Five Star Movement and the Lega. Previous governments had raised the retirement age. 

  • nick reeve
    Features

    Adequacy: the all-important question

    July/August 2019 (magazine)

    How do you measure success when it comes to pension reform? In the UK, it is clear that the government measures the success of auto-enrolment by some numbers, but not others. 

  • Features

    Editor's Notes: A radical ambition

    July/August 2019 (magazine)

    Last month’s three doorstop reports from the EU’s 35-strong technical expert group (TEG) on sustainable finance have the potential to radically repurpose capital markets.