Latest analysis – Page 43
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Features
What can Europe do?
This year Italy will spend almost 15% of GDP on public pensions, higher than any other EU country, according to Eurostat
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Features
Research: Caution on the equity risk premium
In this second article in a series on a new study, Nick Lyster and Amin Rajan argue that artificially low interest rates have dragged the predictive power of the equity risk premium to near zero
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Opinion Pieces
Letter from Brussels: A tricky path ahead
The process of making pensions policy in Brussels between now and end of the year resembles two juggernauts moving towards each other
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Opinion Pieces
Letter from the US: A new way of thinking
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
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Features
Bigger is not always better when it comes to pension funds
A recent working paper of the Dutch central bank on costs sheds light on a debate playing out in several European capitals over the size of retirement institutions
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FeaturesIPE 360 Conference Report: The tricky question of costs
The tricky question of costs was one of the key topics for debate at the IPE 360 Conference at the London Stock Exchange in mid-June
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Features
Executive pay: Taking back control
Asset owners may now be able to challenge pay inequality more aggressively, using reports backed by staunchly pro-capitalist institutions, write Jonathan Williams
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Features
Accounting Matters: Feeling the pressure
The verdict on 2014 is that it was a volatile year for pension schemes. Long-dated interest rates fell sharply, bringing with them a corresponding increase in pension liabilities
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Opinion Pieces
Letter from Brussels: Ready with the axe?
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
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Opinion Pieces
Letter from the US: Reform challenge
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
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AnalysisAnalysis: How NEST wants to shape the future of retirement
Taha Lokhandwala studies the details of NEST’s planned at-retirement investment and decumulation strategy
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Features
From Our Perspective: Unity in opposition
They may not be wielding pitchforks but Europe’s pension fund community is of one mind: the stress test proposal of EIOPA is something they, their sponsors, their regulators and, above all, their members, do not need
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Features
First-quarter results: Equities lead the way, but pressures remain
Pension funds around Europe saw their asset levels boosted by the rise in share prices during the first quarter, but a range of factors has kept many funds under pressure on other fronts
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Features
ECB should not allow funds to suffer ‘collateral damage’
The European pensions industry must not become collateral damage as the European Central Bank (ECB) rolls out its quantitative easing (QE) programme and increases pension deficits, PensionsEurope has urged
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Features
Infrastructure: Getting by with a little help from your friends
The UK government has long promised infrastructure assets for pension funds to invest, but with international schemes often larger, we looks at how domestic ones participate
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Features
EIOPA ignores industry ire in stress test crusade
Would Europe’s pension funds be able to withstand a sudden reversal in asset prices, with the stock spreading across all developed nations?
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Opinion Pieces
Letter from Brussels: Awaking a sleep-walking economy
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
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Opinion Pieces
Letter from the US: DB pensions bond bind
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
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FeaturesFlying the long-term flag
Rather like attitudes to motherhood and apple pie, there is no serious or fundamental opposition from institutional investors to the principle of long-term strategies like infrastructure or real economy lending
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Features
Class Action Lawsuits: Petrobras - A case for care
Pension funds exposed to troubled Petrobras that have lost money on their investment will have to weigh their options carefully before deciding which legal route to take
