Latest from IPE Magazine – Page 291
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Features
Let’s be clear on solutions
The growing number of services marketed to UK DB pension funds as ‘solutions’ means it is time for clear definitions, believes Magnus Spence
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Special Report
Smart beta: Smart investing or smart trading?
There are limited ways to explain the excess returns that smart beta generates over the market portfolio. Martin Steward uncovers a world of contention over which are the most important
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Opinion Pieces
Brussels to develop rules for social funds
Brussels looks set to flesh out the existing EU regulation for European Social Entrepreneurship Funds (EuSEFs), which lays down broad principles as to how funds should be governed.
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Opinion Pieces
Intriguing opportunities
De-risking strategies are likely to become more popular with US corporate pension funds now they have reached their healthiest state since the crisis. This trend has been ongoing for the last couple of years but may substantially accelerate in 2014, says consultancy Towers Watson.
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Special Report
Smart beta: The battle for the middle
Smart beta has succeeded because it can help solve not one but two important problems, writes Emma Cusworth. But investors need to be clear about which problem they are solving
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Special Report
Smart beta: Lend to those that don't need it
Mike Story offers the case for taking the smart beta concept into the world of bonds
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Special Report
Smart beta: Neither 'smart' nor 'beta'
John Velis offers the case against taking the smart beta concept into the world of bonds
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Special Report
Smart beta: The nirvana of equity investing?
Low turnover, low fees, repeatable and testable rules and an avoidance of concentration in the biggest stocks make the smart beta idea compelling, concedes Matthew Beddall. But none of that can make a great-looking backtest into reality
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Features
Always the season for corporate governance
Before the start of the 2014 AGM season it’s time to review that infamous voting season – the so-called Shareholder Spring of 2012.
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Features
The Canada factor
If only our pension funds could be more Canadian – which is to say, large, well-governed institutions that are prominent and successful investors. Canada has these in spades, counting among its ranks four of the top 20 biggest global real estate investors and also four of the top 20 infrastructure investors respectively.
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Features
Better governance – to what end?
Before Gordon Gekko launches into his “Greed is good” speech, the CEO of Teldar Paper harangues him as the face of the “short-term profit, slot machine mentality of Wall Street”. But Gekko isn’t like the high-frequency traders or quarterly earnings-obsessed benchmark huggers whom we tar with that brush.
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Features
Spread wealth with caution
Back in the days when the roar of Ireland’s Celtic tiger economy echoed across Europe and the wider world, the country was widely praised for its foresight in 2001 when it created a sovereign fund, the National Pension Reserve Fund, with the proceeds of the sale of Telecom Eireann.
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Features
De-risking poised for growth but risks remain
Consultants’ hopes that the UK de-risking market would rebound in 2013 appear to have been fulfilled. This follows an underwhelming 2012 during which transaction volumes fell by a half.
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Features
ATP challenges sales tax rules at ECJ
The debate over whether services to occupational pension schemes should be subject to value added tax (VAT) is a familiar one within the industry. Three cases have now found their way to the European Court of Justice (ECJ).
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Features
On the horizon
In the first of a two-part round-up, Stephen Bouvier asks leading pensions accounting experts to identify the IAS 19 issues to watch in the year ahead
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Opinion Pieces
Jerry Moriaty, CEO and Director of Policy at the Irish Association of Pension Funds
“While Ireland begins to show signs of economic improvement, it is clear there are still a lot of unresolved issues in the pensions sector”
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Features
National benefit calculation
When they came under criticism, Canada’s top 10 pension funds hired blue-chip consultants to find out what they contributed to the national economy, Christopher O’Dea writes
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Features
Double bottom line
Eugene O’Callaghan, investment director of the National Pensions Reserve Fund, tells Liam Kennedy about the business plan for the new Ireland Strategic Investment Fund and progress so far in transitioning the portfolio into one with a dual mandate for returns and economic impact
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Country Report
Ireland: The long grass
Ten months after an OCED report on Ireland’s pension system, Christine Senior outlines faltering progress towards increasing pension coverage
