All Features articles – Page 102
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Features
Factoring ESG issues
Respondents to this month’s Off The Record survey highlighted various issues they felt to be their main responsibility as a fiduciary. A UK fund stated: “The fiduciary duty of a pension fund is to pay the pension promise to its members. Where ESG issues have the potential to impact the ...
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Features
Trusted adviser 2.0
In this third and final article in the current series, Nicholas Lyster and Amin Rajan conclude that, as markets have become disconnected from fundamental value drivers, the role of trusted adviser is gaining traction.
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Features
Pensions Accounting: If at first you don’t succeed...
It was only a matter of time before the issues left unresolved by the International Accounting Standards Board’s 2006 pensions accounting project landed on the desk of the International Financial Reporting Standards interpretations committee.
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Features
On the road again
The convertible bond market finally woke up in September. But Martin Steward finds that there is a long way to go before portfolio managers are out of the woods
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Features
Bolt-on growth
As a fast-track route to growth with a focus on efficiency gains, buy-and-build seems perfectly-suited to our low-growth world, writes Jennifer Bollen
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Features
Keeping pace with the paper chase
Investors and market players would do well to do one thing when new financial reforms come into force – adapt quickly. A case in point is the European Market Infrastructure Regulation (EMIR) currently being drafted in Brussels.
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Features
A cross-border story
Iain Morse reviews Ireland’s custody market as it wakes up to fund rationalisation and thinner margins
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Features
Diary of an Investor: Rear-view mirror
A couple of weeks ago I made my way to Amsterdam’s Beurs van Beurlage for a festive evening, the annual dinner of the Dutch Committee of Institutional Investors. It’s always a good occasion to catch up with old friends, even if you’d rather give some of the guests a wide berth.
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Features
Money doesn’t grow on trees
Every child has heard similar words. You want that delicious-looking cake? A new toy? “Money doesn’t grow on trees!”
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Features
From ugly duckling to swan
Michael Kjeller of KPA Pension tells Nina Röhrbein about his fund’s transformation
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Features
Shock factor
Liam Kennedy spoke with Theo Kocken and Kerrin Rosenberg about pensions, behavioural finance and a new definition of fairness
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Features
Fighting talk
Pension funds see remuneration from two different but uniquely intertwined perspectives. As institutional investors, they are under increasing pressure to hold companies, including banks, to account over executive pay.
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Features
Timelines: Forewarned is forearmed
On 2 October, when the European Insurance and Occupational Pensions Authority (EIOPA) submitted its technical standards to the European Commission on the conduct of the quantitative exercise for the revised IORP Directive, a number of concerns were raised within the pensions industry.
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Features
Portfolio impact
Gail Moss outlines the concept of impact investing and how it relates to mission-based investing, which is often used in the foundation sector
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Features
In the laboratory
It’s a good rule in life to learn from the mistakes of others if you can. So what could the board of a brand new pension fund learn from others to make sure its internal design and external relationships are as robust as possible?
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FeaturesWhat makes a skilful portfolio manager?
Ignore the sales pitches, advises Rick Di Mascio. Successful managers simply get more decisions right than wrong, and make sure their hits make more money than their misses lose
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Features
Taking the sting out of the tendering process
Tendering for a new investment consultant – or indeed, tendering to fill any soon-to-be-vacant position – using the Official Journal of the European Union (OJEU) can cause the more than 100 local authority pension funds in the UK a lot of pain, according to Nicola Mark, head of the £2bn (€2.4bn) Norfolk Pension Fund.
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Features
Voluntary reform?
Last month the Dutch caretaker government introduced a new set of rules for pension funds designed to avert dramatic benefit cuts and contribution hikes. The so-called ‘September package’ represents a typical Dutch compromise – it offers something for everyone, everything for no-one, and nothing for free.
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Features
Diversification 2.0
With asset class correlations no longer following their historic norms, a new form of diversification focused on risk is emerging, according to Jim McCaughan and Amin Rajan
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Features
Pensions Accounting: A man on the moon? Easy
IFRIC Draft Interpretation D9, Employee Benefit Plans with a Promised Return on Contributions or Notional Contributions, refuses to die
