Latest from IPE Magazine – Page 286
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Opinion Pieces
Body of evidence
When I was training to be a doctor, the advent of evidence-based medicine (EBM) was a major step forward.
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Opinion Pieces
Nigel Waterson, Chairman of trustees, Now Pensions
“There is one universal truth upon which virtually everyone agrees – the UK annuities market is broken”
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Features
Pension perceptions programme puts pension funds in control
Following the successful completion of an initial development stage in 2012-13, IPE has now announced the full European roll-out of the Pension Fund Perception
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Features
Viva Aviva? Well, maybe
Gail Moss looks in detail at Aviva Staff Pension Scheme’s £5bn longevity risk transfer which, although still part of a relatively small club, could open the door to similar deals
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Features
Creativity in captivity
After Iceland’s banking collapse, capital restrictions meant pension funds had to invest significant assets in the domestic market. Gylfi Jónasson, CEO of the Festa Pension Fund tells Jonathan Williams that being captive does not have to breed contempt
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Country Report
Nordic Region: Sweden: And then there were three
This March, the Swedish government confirmed it would merge some of the AP buffer funds, reducing the total to three from the current five. Jonathan Williams asked State Secretary Erik Thedéen about the closures and the removal of quantitative investment rules
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Country Report
Nordic Region: Chasing real yields
Jonathan Williams examines how real assets play a role in the portfolios of Nordic investors in the low-yield environment
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Country Report
Nordic Region: Iceland Deflating the bubble
Iceland’s post-crisis capital controls left pension funds chasing limited domestic assets, writes Jonathan Williams. The hope is that a resurgent economy will allay the risk of a bubble
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Country Report
Nordic Region: Meet Elo – Finland’s newest fund
Elo’s chief executive officer, Hanna Hiidenpalo, tells Reeta Paakkinen of the challenges facing Finland’s newly merged mutual pension insurance company
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Country Report
Nordic Region: Finland Eyes to the east
Reeta Paakkinen assesses Finnish pension funds’ concerns about the political situation in Russia after it annexed the Ukrainian province of Crimea
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Country Report
France: SME cash lifeline gains investors’ attention
Cash-starved French SMEs are being offered competitive financing through an initiative led by Caisse des Dépôts that also provides insurers and pension funds with relatively safe income assets in a low-yield environment, finds Gilles Pouzin
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Country Report
France: Larger mandates on the cards
Gilles Pouzin assesses the latest Agirc-Arcco reforms and the ramifications for asset management
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Country Report
France: Search for yield drives market
French insurers now delegate more than €100bn to third-party managers, finds Richard Bruyère. But asset managers must adapt their business models if they wish to benefit
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Special Report
Africa: African horizons
Four years ago I attended the launch of a Middle East and North Africa fund. Much was made of the long-term potential of the region’s young population, which seemed to compare so favourably with Europe’s – not to mention Russia’s and large parts of Asia’s. I asked about the risks associated with a preponderance of young men in the event of sluggish growth or job-creation and the portfolio manager politely played them down. Nine months later Mohamed Bouazizi set himself alight in Tunisia.
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Special Report
Africa: The capital of Africa
Charlotte Adlung looks at how the changing nature of the sub-Saharan African economy should generate more private investment capital, institutionalising markets and improving governance
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Special Report
Africa: Crossing the borders
Charlotte Adlung outlines changes to the pension fund regimes of South Africa and Nigeria that have the potential to unlock significant capital for investment in sub-Saharan Africa
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Special Report
Africa: Pivotal point
African countries tapped the eurobond market for a record amount of funds in 2013, and now stand at a pivotal point. Christopher O’Dea finds those with sound financial policies will continue to attract capital, while those that squander proceeds will fall out of favour with global investors
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Special Report
Africa: A work in progress
Daniel Ben-Ami looks at North Africa and finds that, while pursuing the positive stories associated with Egypt may still be something of a gamble, Morocco offers a less risky way to exploit some similar themes
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Special Report
Africa: Out of Africa, off-exchange
Joseph Mariathasan considers the pros and cons of listed and unlisted sectors in Africa, and concludes that investors should probably let the lines blur to get the most out of the region