Latest from IPE Magazine – Page 389
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Features
A cornerstone of excellence
In the fifth and final article in a new survey, Jervis Smith and Amin Rajan argue that outsourcing is no longer a nickel-and-dime business
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Opinion Pieces
George Hoguet, State Street Global Advisors
As the industry ponders the medium-term implications of quantitative easing, sharp fiscal adjustment in Ireland, Greece and elsewhere, intervention by the Bank of Japan in the Japanese equity market, ‘currency wars’ and the future of the Obama presidency, they must confront a stark reality.
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Features
Heavyweights reject Solvency II
Policymakers, pundits and pensions gurus gathered in Brussels recently to attend the European Commission conference on the Green Paper on pensions. And while the event’s official line may have been safety, sustainability, transparency, working together – with László Andor, commissioner for employment, social affairs and inclusion, pointing out that funding ...
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Features
Stalemate ahoy
The debate on the reform of pensions and the creation of systems that are “adequate, sustainable and safe” has now moved from the European Commission and into the European Parliament. This institution is now developing its follow-on to the Commission’s Green Paper that set out a series of questions in July. But Parliament’s challenges appear to be formidable.
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Features
Corridor demolished
The corridor is no more. On 20 October, members of the International Accounting Standards Board (IASB) voted to scrap the IAS19 deferral mechanism. In its place comes the net interest approach.
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Features
Global systems lack an ‘A’
Comparing more than a dozen pension systems worldwide, some might expect at least one to achieve the highest mark. However, Mercer, working with the Australian Centre for Financial Studies (ACFS) on comparing retirement arrangements across the globe in its second Melbourne Mercer Global Pension index, was unable to award an ...
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Opinion Pieces
Public vote for change
The Republic victory at the November elections has huge implications for public pension funds. The results are, in fact, supportive of reform to retirement systems that are threatening to bankrupt several state and local administrations. A few newly elected governors advocate moving towards a hybrid pension model where at least ...
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Features
Tributes to Koen De Ryck
Koen De Ryck, who for many years ran Pragma Consulting in Brussels, passed away in September at the age of 66. During his long and distinguished career he was the Brussels representative for the European Federation for Retirement Provision (EFRP), and penned the 1996 report ‘European Pension Funds: Their impact ...
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Features
AOW at 66 in 2020 still on cards
The Dutch minority government that came to power in October – led by the liberal party VVD and the Christian Democrats – has said it will continue the process of increasing the official retirement age for the largely pay-as-you-go state pension AOW from 65 to 66.
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Features
AP7’s Peter Norman hired in ministerial reshuffle
The appointment of Peter Norman, former head of AP7, as the Swedish minister for financial markets, replacing Mats Odell, caught both the political and financial sectors by surprise. Those in financial markets were surprised that the politicians managed to make an unusually savvy choice, while those in finance were surprised ...
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IP Asia
Coping with low interest rates and high volatility
Bond yields have plummeted as governments and central banks try to fight the effects of the global financial crisis, while volatility has soared. Andrew Wood talks to Société Générale’s cross-asset team about possible solutions for insurers.
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IP Asia
Good governance - it all starts at the top
It is essential that Asian pension and reserve funds, which are the dominant asset owners in the region, should view governance on two levels.
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IP Asia
Pressure to outsource in fast-changing market
The increasingly competitive trading market in Asia placing a lot of pressure on brokerage firms to focus on core competencies and outsource other functions. BNP Paribas in Hong Kong surveyed of 150 brokerages to determine their attitudes towards outsourcing.
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IP Asia
Where a foreign partner helps
“We taught India the language of investing” was the Unit Trust of India’s traditional boast. Since T. Rowe Price bought a big stake in UTI, its modern slogan “Let’s plan to get rich” seems more appropriate. Joseph Mariathasan reports.
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IP Asia
Quasi-private equity approach is a good way to invest
Prakash Ramaseshan at Kotak Mahindra explains to Bee Ong how to avoid volatility when investing in India
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IP Asia
Biodiversity and diversification for Kehati
Indonesia’s green endowment Kehati has gone from passive investing to active and back to passive.
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IP Asia
Hedge fund flows and performance in 2010
How have hedge funds been adapting to life after the global financial crisis. Richard Johnston of Albourne Partners outlines the year’s emerging trends.
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IP Asia
Working age population peaked in 2010
Ten or fifteen years ago, global aging barely registered as a policy issue. But as a new study shows, China and the rest of Asia faces some tough decisions and policy challenges as they seek to avert widespread social instability. Richard Newell reports
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IP Asia
Punching above its weight
The tiny city-state Singapore amazed the world with its rapid economic growth. Can it repeat the magic to become one of the world’s biggest centres for asset management? Andrew Wood reports
