Latest from IPE Magazine – Page 419
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Country Report
PADA’s 2012 challenge
Nyree Stewart investigates how the Personal Accounts Delivery Authority is faring in its task of delivering a national low cost DC scheme within three years
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Country Report
Basic principles
Richard Lowe assesses the UK’s Investment Governance Group and its ongoing work
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Country Report
Still a realistic option
Charlie Finch and Ken Hardman consider the future direction of the pension buyout market in the UK
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Country Report
Buyouts take a backseat
Buy-in deals are taking over from buyouts as the current economic climate stifles access to sufficient capital, finds Gill Wadsworth
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Opinion Pieces
Target date woe
Target date funds (TDF) are still the fastest growing investment option in US 401(k) plans. They have survived the recent hearings held jointly by the Securities Exchange Commission (SEC) and the Department of Labor (DOL), and the industry’s fear that they were going to be constricted by new heavy rules has waned. But investment companies and plan sponsors must better explain TDF risks to workers if they want to grow further.
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Opinion Pieces
A golden age
“Dealing with the impact of an ageing population in the EU,” a communication from the European Commission, kicks off with the joyful view that: “For the first time in history, the vast majority of Europe’s citizens are able to lead active, healthy and participative lives well into old age.”
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IP Asia
Hugh Young - 'Responsible' Investing Requires Sleuthing
Aberdeen’s investment managers work more like corporate sleuths. They visit every potential investee, chat with senior management to get a feel of the ground that cannot be discerned from reports, watch management’s actions over six to seven years and fine-comb the annual reports before making a decision.
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Features
Euro lottery
The final meeting of the IASB’s Standards Advisory Council in 2007 was memorable for two reasons. First, participants, including the German delegates, were required to stand and observe a one-minute silence to honour British war dead. Second, of particular interest to those Belgian entities hit by a recent IASB decision ...
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Opinion Pieces
Solvency II
The European Commission called representatives of the European pensions and insurance industry and member state officials to a public hearing in May to thrash out a harmonisation of solvency rules for cross-border company pension schemes (IORPs). But most attendees were not receptive.
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Opinion PiecesGuest Viewpoint
“The real goal of risk management is to give decision makers a more intimate understanding of their portfolio”
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FeaturesDawn of a new normal
In the first article covering a new global study, Jim McCaughan, Neeraj Sahai and Amin Rajan argue that what asset managers do next will decide their industry’s fate
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Features
Rebuilding trust in DC
DC plan members carry all the downside risk in the UK and Ireland, and took a particularly bad beating in 2008. Gail Moss assesses what can be done to improve the situation
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Country Report
Arrivederci to the era of La Dolce Pensione
Italy can no longer afford a generous state pension, that left little room for private provision. But there is little appetite for a new approach following the financial and economic crises, finds George Coats
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Country Report
Divided views on raising the retirement age
Politicians, trade unions and employers have different opinions on the desirability of further reforms, finds Maria Teresa Cometto
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Country Report
Less is more
The new head of the Covip supervisor has taken office with a lively agenda. Maria Teresa Cometto examines his new proposals
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IP Asia
Questions to ask when setting up an endowment fund
Madeleine Lee, Director of Athenaeum Ltd, and former deputy chief investment officer of the National University of Singapore (NUS) investment office, has this advice for the founders of new endowment funds.
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IP Asia
Key Insights For Managing an Asian Endowment Fund (from one who knows)
Having managed two major endowment funds in Singapore, Madeleine Lee knows that the devil hides in the details. She describes her experience and how much of the key strategies were learnt from the major US endowments.
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IP Asia
Investment issues for new pension system
India is finally putting into place a radical new pension system aimed at providing near universal coverage. The New Pension System (NPS) proposed in the OASIS (Old Age Social and Income Security) report (2000) represents an important break with traditional ideas about the organisation of pensions systems in India. Its growth and development is set to have a profound impact on India’s capital markets as well as providing security in old age to a population seeing unprecedented changes in social structures as economic growth takes off. As G. Pradeepkumar Chief Marketing Officer of IDFC Investment Advisors argues: “The absence of institutional players such as pension funds has been a major problem with Indian equity markets. The new pension system will, hopefully, fill that gap some day.”
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IP Asia
Capital flows could benefit emerging markets
Booming prices for emerging assets would lower the cost of capital for emerging market based corporations strengthening their competitive advantage versus developed market peers and reinforcing a benign spiral of value creation.
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IP Asia
Transitioning fixed income assets in fractured markets
Highlighting the importance of pre-transition analysis, particularly in the wake of the liquidity crisis
