All Features articles – Page 92
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Features
Currency Management: Awkward guidance
Anthony Harrington listens to currency managers’ frustrations as US dollar certainties melt into fog from the Fed
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Too big to fall short?
A new government has broadened the mandate of the Norwegian sovereign pension fund. Nina Röhrbein assesses the changes
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The correlation breakdown is secure
You may have heard option traders talk about the ‘volatility smile’. Recent events might add a new term to the traders’ lexicon: the ‘risk-free yield curve smile’.
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Bring on the lawyers
A recent legal opinion on behalf of UK local authority pension funds has ignited controversy, according to Stephen Bouvier
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Features
A new chapter
Martin Steward speaks to Cecila Thomasson Blomquist at PP Pension, whose DB business relies on dynamic asset allocation around a solid real estate core, and whose DC business is undergoing major changes
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Commanding heights
Jean-Pierre Couture makes the case for top-down investing in an era of ‘de-globalisation’
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Communications go digital
The pensions industry is one of the worst at understanding its customers, which is one reason why two providers have developed innovative online tools, writes Nina Röhrbein
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State of flux continues for Dutch
With the recent announcement of proposals for a “middle way”, Jetta Klijnsma, state secretary at the Ministry of Social Affairs, seemed to have turned the corner in the ongoing debate over the revised financial assessment framework (FTK). The pensions sector has now shown a broad consensus about the new direction.
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Features
Denmark narrowly retains global supremacy
Denmark’s pensions supremacy was once again confirmed in October with the publication of the fifth annual Melbourne Mercer Global Pension index.
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Spotlight on money doctors
Holding investment consultants to account is a healthy exercise. And indeed, one recent study on investment consultants’ recommendations has attracted headlines and controversy.
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Features
Focus Group: Equities falling out of favour
The average equity allocation in the portfolios of respondents to this month’s Off The Record survey is around 36.7%, down from just over 40% 10 years ago.
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Features
Funds to increase infrastructure investment
Nearly two-thirds of pension funds and other institutional investors expect their allocations to infrastructure to increase over the next 18 months, according to a survey by IPE and Stirling Capital Partners.
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Time to get together?
In an ideal world, pension fund mergers create advantageous economies of investment and administration scale that benefit members, pensioners and sponsors long term. In the real world, pension funds are complicated to merge, not least because social partners often demand that everyone has a seat around the board table.
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Features
The search for yield
Managers believe that high-yield bonds still offer up plenty of opportunities, writes Maha Khan Phillips
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Features
Actuaries in business
Liam Kennedy asked Jonathan Punter and Stuart Southall about their careers as actuaries, entrepreneurs and dealmakers in the world of UK pensions
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Features
Phoenix from the ashes
Antoni Canals tells Nina Roehrbein about his views on diversification at Pensions Caixa 30, one of Spain’s most diversified occupational pension funds
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Features
The rise of cross-over assets
In this second article in a new series, Nicholas Lyster and Amin Rajan argue that the evolving diversification favours assets with bond-like features and equity-like returns
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Features
Polish reform bid upsets markets
The government’s proposed reform of its second-pillar system unnerved the markets amid widespread criticism from home and abroad
