Latest from IPE Magazine – Page 451
-
FeaturesThe COR of the issue
Selma Mahfouz and Marco Geraci discuss the work of France’s Conseil d’Orientation des Retraites, which will play a crucial role in this year’s Rendezvous with Pensions
-
-
Special Report
Taking a view on the PERCO
France’s strong tradition of state-delivered pensions provision means the PERCO occupational pension saving approach will require a change in attitudes, say Jean Canel and Thierry de la Noue
-
FeaturesGoing the funded route
Voluntary pension funds are growing in importance as a hedge against a decline in the mandatory pension and as an employee retention tool, says Nina Röhrbein
-
FeaturesRedefining DC
Moving away from DC may not involve shifting all the risk to the individual. Maha Khan Phillips examines some of the other options that pension funds, particularly Dutch ones, are coming up with
-
Features
What price fair value?
It is a given that any change to pensions accounting will inevitably produce earnings volatility. A Georgia Tech research team led by Dr Charles W. Mulford has recently attempted to answer the question: by how much? Starting with an analysis of “changes to the balance sheet and its effects on ...
-
FeaturesOn a steep learning curve
Momentous changes are taking place in the staid world of cash management. “The euro-zone single euro payment area (SEPA) took effect from 28 January this year,” says Andy Reid, head of northern European treasury for Deutsche Bank. This obliges banks to treat cross-border cash transfers as those within one country, ...
-
Special Report
Ownership creates involvement
Stakeholders in defined benefit pension funds should redefine who exactly takes which risks, what constitutes solvency and who owns which part of it. Theo Kocken takes the baton in the first instalment in a series of discussion papers
-
Features
How we moved our money
Last year, the Dutch pension fund PME mandated Mn Services with the fiduciary management of its assets, and took a stake in the company, in what was the largest ever European portfolio transition. Iain Morse discusses the transition aspects of the deal with Roland van den Brink of Mn Services
-
FeaturesMaking sense of an uncertain future
New mortality research conducted for the UK Actuarial Profession should help guide future assumptions, argues Dave Grimshaw
-
FeaturesThe ups and downs of volatility
Joseph Mariathasan examines the impact of the recent market turmoil on the credit markets and asks where opportunities for institutions in 2008
-
.jpg)
FeaturesWhy a global scope assures GTAA returns
In spite of recent reverses, global tactical asset allocation has developed from an add-on strategy to an integral part of a pension fund’s investment portfolio, according to a recent study. David White reports
-
Special Report
Mainstreaming responsible investment via sell side research: EAI three years on
The Enhanced Analytics Initiative was brought into being three years ago by institutional investors to promote and directly fund sell side research that takes account of long-term performance factors. Raj Thamotheram evaluates its progress
-
Features
Fortis Investments looks to fiduciary
The fortunes of a CEO can vary with the tides, particularly when it comes to mergers and acquisitions. Sometimes a merger makes their position redundant; other times it can catapult the CEO to the helm of a new entity that has changed beyond recognition. Fortis Investments’ future was ...
-
FeaturesWhat to do when the wolf is at the door
Next to banks, pension funds are the second largest investor in European private equity. As investors they may be involved, as limited partners, in the leveraged buyouts of companies and their pension schemes - a subject of considerable controversy recently. Pension fund boards therefore face a dilemma: private equity can ...
