Latest from IPE Magazine – Page 229
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Features
Appeasing the gatekeeper
Last year I attended a drinks reception organised by a UK consultancy. The event was arranged specifically to allow the firm’s staff to meet with the asset management community. The theme running through the opening remarks was simple: “We have no current or future plans to offer fiduciary management, therefore we will never compete with you.”
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Country Report
Domestic Accounting: Discounting the future
The new discount rate to be applied to pension liabilities under German accounting standards simply postpones a serious problem
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Special Report
Talking heads
IPE asked pension consultants across Europe for their views on how existing and new regulation is affecting their clients and how they are advising them to react
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Asset Class Reports
Implementation: Points of entry
Investors have several ways of accessing European equities including passive, active and smart-beta strategies
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Asset Class Reports
Heading for the Brexit?
The possibility of the UK voting to leave the EU is causing considerable uncertainty among asset managers
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Special Report
Portfolio Construction: Calculated risks
Factor investing promises to outperform both passive and active management. Carlo Svaluto Moreolo discusses the issue of implementation
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Country Report
Domestic Accounting: A half-hearted compromise
Thomas Hagemann reviews changes to the discount rate methodology applied by corporates to calculate pension liabilities
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Asset Class Reports
Do not bank on another crisis
Despite problems in Europe and globally, opinions are split on the likelihood of another banking crisis
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Special Report
Factor investing: Pension funds in two minds
Factor investing might be a relatively new approach but some pension funds are already employing it with success. Others are looking on with interest
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Country Report
Investment Tax Reform: A simplification gone wrong
The investment industry has successfully lobbied against many new requirements in the investment tax reform law. Barbara Ottawa says it might not be so fortunate in the future
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Asset Class Reports
European pharma under threat
Pharmaceuticals have long been the foundation of Europe’s industrial base. Now the sector must fight back against the threat of US biotech companies
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Special Report
Railways Pension Scheme: World-class transformation
Gail Moss investigates how the UK Railways Pension Scheme transformed its investment strategies to cope with the low-return environment that has followed the global financial crisis
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Asset Class Reports
Sensitivity of selected European equity funds to macro factors
The data shows the sensitivity of European equity funds to changes in a selection of macroeconomic factors: European default spreads, European term spreads, European interest rates and European inflation.
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Special Report
Pioneers: Better be smart
Lynn Strongin Dodds finds that as the strategy becomes more popular, pioneers in the alternative-indexation field are warning investors to avoid being just performance chasers
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Special Report
Origins of the smart beta species
Andrew Clare, Stephen Thomas and Nick Motson trace the roots of smart beta that began as a test of the Efficient Market Hypothesis in universities in the 1970s
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Special Report
Index Providers: Benchmark bonanza
The rapid growth and popularity of new of multi-factor smart beta strategies are fuelling the creation of a plethora of indices
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FeaturesBanks and LDI
The rise of liability-driven investments (LDI), pairing cashflow-matching assets with forecast liability streams, has developed in tandem with a broad, overall maturing of the liabilities of the European occupational pension sector
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FeaturesDutch Funding: Facing a painful squeeze
Dutch pension funds’ nose-diving coverage ratios underline just how futile various measure have been in improving funding and minimise rights cuts
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FeaturesUK Local Government Pensions: Choose your partner
After years of debate, concrete details regarding the future of the UK local authority pensions sector are emerging
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Features
PLSA Investment Conference: Industry embraces FCA asset management review
The question of whether the asset management market is working for pension funds and other investors, as the UK Financial Conduct Authority (FCA) is asking, was a theme at the UK pension fund association’s conference in Edinburgh.
