Latest from IPE Magazine – Page 297
-
Features
The fiduciary fight
Should trustees feel constrained by the existing interpretation of their fiduciary duties?
-
Features
Expect more scrutiny on systemic relevance
A transformation is taking place in the five-year performance track records of countless investment funds and strategies as this year fades out and the impact of the market collapse of late 2008 is erased.
-
Features
The UK fiduciary duty straitjacket
Should trustees consider environmental concerns, or even more widespread systemic issues, when investing on behalf of their beneficiaries?
-
Features
New combatants in an uncertain war
Despite the single market Commisoner Michel Barnier’s recent concession that the European Commission would not attempt to publish a draft of the revised IORP Directive with its controversial capital requirements attached, the European Insurance and Occupational Pensions Authority (EIOPA) is pushing ahead with several consultations on the holistic balance sheet (HBS)
-
Features
Closing questions
David Paterson, former head of corporate governance at the UK’s powerful National Association of Pension Funds (NAPF) who retired in October 2013, held the last phase of his post during the Shareholder Spring of institutional investor action in 2012, when governance clashes were front page news.
-
Features
Time to pool resources
Leen Preesman asks the CEOs of PGGM and PKA about their co-operation plans and about the development of supplementary pensions in Europe
-
Features
Public sector challenges
Gail Moss speaks to Eva Kiwit of EAPSPI, the voice of public pensions at European level
-
Features
Castilian discipline
Nina Röhrbein asked Jaime Martinez-Gómez about the governance, risk and portfolio strategies of Fonditel, the manager of Telefonica’s Spanish pension fund
-
Country Report
Switzerland: A change of direction
The existing second pillar remains a holy cow in the Swiss social system. But it seems increasingly possible to convince members that there is no alternative to variable pension payouts, Barbara Ottawa finds
-
Country Report
Switzerland: Solidarity put to the test
Peter Zanella assesses the hurdles pension funds must overcome when considering a variable pension model
-
Country Report
Switzerland: A mountain of problems
The challenge of applying IAS 19 to Swiss pension provision is a burden that the IASB has done little to ease. Stephen Bouvier reports
-
Country Report
Switzerland: Is factor-based allocation new?
Factor-based allocation may be theoretically interesting for Swiss pension funds but it is hard to implement in a practical way, according to Lukas Riesen and Diego Liechti
-
Country Report
Switzerland: Investment challenges persist
Gail Moss asked leading commentators for their views on the asset allocation challenges currently faced by Swiss pension funds
-
Country Report
Switzerland: East-west divide
There is a clear difference in the level of funding of public pension schemes across Switzerland, Nina Röhrbein finds
-
Country Report
Switzerland: 2020 is getting closer
There have been quite a few recent changes to the second pillar. But a new reform initiative aims at a more comprehensive approach and is getting the industry’s support, Barbara Ottawa finds
-
Features
Interesting properties
Malie Conway considers European MBS the ‘happy medium’ between liquid REITs and illiquid direct real estate, offering low-volatility returns and floating rates
-
Features
Sky-high yield
Paul Read acknowledges that further capital appreciation in high yield is unlikely, and argues that good bottom-up analysis is now crucial for capital preservation and decent returns
-
Features
Risk management under the AIFMD
Kai Braun and Désirée Springmann describe the major changes ahead for private equity and real estate fund managers
-
Features
The art of engagement
One trend to emerge from the financial crisis has been an improvement in engagement, as Nina Röhrbein finds
