In 2001, the Myners report raised the issue of the investment value chain and how pension funds could improve outcomes through their governance structure. It also highlighted market inefficiencies in areas like peer-group herding and investment consulting
The 1933 Disney animation The Three Little Pigs featured Fiddler and Fifer, who believed their straw houses were safe from a marauding wolf. The movie popularised the song Who’s Afraid of the Big Bad Wolf; as readers will be aware, the pigs’ straw houses were not safe from the wolf, who blew them down.
What is the connection between tropical fruit and systemic risk? In 1990, when East German citizens demonstrated for freedom and democracy, the banana became a potent symbol of the basic level of prosperity to which they aspired
Gerard van Olphen, CEO of APG, contends that the Dutch pension sector is in denial about the need for transparency. The same accusation could be levelled against pension funds in other places.
Future observers might point to the 23 June EU referendum as a turning point for UK occupational pensions. The fall in Gilt yields has added pain to trustees and sponsors, vindicating those who had hedging strategies in place
In Garrison Keillor’s fictional Lake Wobegon, not only are all the women strong and all the men good looking, but all the children are above average
Early on Wednesday 9 November we learnt that Donald Trump would be president of the US, and two days later I heard I may have a cancer.
Our investment committee members had quite a few questions at the final meeting of 2016. Brexit, Trump, the equities rally, long-bond yields, emerging markets: the trustees kept the topics coming thick and fast
An explosion of providers and events promise to turn investors into low-carbon heroes. Even campaigners use it to benchmark managers. What will it deliver? Raj Thamotheram writes
Registered users are entitled to the first digital issue of IPE with the compliments of the IPE.com team.
“Successful managers are hard to find but those that do exist generally share some common characteristics”
The pensions world is constantly changing. In the UK, more DC savers, coupled with recently introduced flexibility of access, will increase the levels of risk and complexity for many
Pension funds are not about politics, but their investment portfolios include political risk
“It is time the authorities addressed the serious side effects of monetary policy on UK pensions”
“Easier, cheaper fund distribution would help build stronger capital markets”
“The cost for a German young person to provide for a pension has roughly tripled since 2008”
“Let’s stop using the term de-risking altogether and use the right words for what we are doing”