Latest from IPE Magazine – Page 453
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Features
Keeping something in reserve
An Ageing Fund has been put in place to provide assistance with financing public expenditure. But it is far from a silver bullet, finds George Coats
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Special ReportLight touch regime
Belgium’s regulator tells George Coats about the thinking behind Belgium’s new pensions framework and how he will police it
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Special ReportIntroducing a new framework
Thierry Verkest explains the recent legislative and regulatory changes that have transformed Belgium’s pensions landscape, and outlines some of the continuing debates
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Special ReportLearning to live with volatility
As pension funds adapt to a new regulatory structure and deal with market instability, asset managers are having to assess how funds may respond, writes Rachel Fixsen
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FeaturesDealing with external advisers
IPE asked three pension services – in Germany, the UK and Poland – the same question: ‘How do you make use of consultants?’ Here are their answers
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FeaturesWhy hedge funds mismanage alpha risk
The greatest source of market-driven hedge fund blow-ups is alpha, or manager skill risk. Leslie Rahl, Richard Horwitz and Erin Simpson of Capital Market Risk Advisors suggest this is due to an inadequate management of alpha risk
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FeaturesUnlocking the buyout market
The UK’s pension buyout sector has generated attention and controversy in almost equal measure. Joseph Mariathasan discusses business models and future trends with leading players
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FeaturesCommission issues two surveys in fight for pensions portability
More artillery has arrived on the battleground where the EU is still fighting for pan-European legislation on the portability of supplementary, non-state pensions for employees. The weapons recently wheeled into place by the European Commission takes the form of two heavyweight studies. These include existing national business practices, measures of ...
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Features
Not another dagger?
The recent paper from the UK Accounting Standards Board (ASB) was described by Aon Consulting as “another dagger in the side of final salary pensions”. But when is a dagger not a dagger? Apparently, when an organisation or even an individual does something to draw attention to the increasingly unsustainable ...
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Features
Headaches continue
Yield curve/duration While the US Federal Reserve has already begun to chop rates down - a remarkable 125 bps in the space of eight days - the European Central Bank (ECB) has maintained its hawkish tone and has kept its hand off the easing button. The futures markets are, however, ...
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Features
Has spring sprung?
Frogspawn, tadpoles, catkins, ladybirds, snowdrops and nest-building rooks are just a few signs that spring has sprung early this year. Indeed, some scientists are convinced that the traditional European winter is a thing of the past, such has been the impact of global warming. The investment climate has been rather ...
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Features
Dividing core tasks
The increasingly complexity of the pensions environment is driving trustees to look at outsourcing more of their fund services. Rachel Fixsen reports
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Special ReportFiduciary management
In the Netherlands, fiduciary management for pension funds has become common. According to a recent survey by the advisory firm KPMG, of the 80% of schemes with fully contracted out asset management, one third has a fiduciary manager. But funds that have already appointed a fiduciary manager may also appoint ...
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FeaturesOverdue for an overhaul
International accounting standards have served pensions accounting well, but it is time for an update, argues Andrew Lennard
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FeaturesETF trading volumes soar on market turbulence
Trading volumes of exchange-traded funds (ETF) soared to three times their normal level during the late January credit crunch, according to Barclays Global Investors’ ETF arm iShares.
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FeaturesSwitching styles
If large cap growth continues to outperform small cap and value, how will institutions find the right growth managers? Joseph Mariathasan reports
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Features
First component change for DJIA since 2004
Bank of America and Chevron have replaced Altria Group and Honeywell International in the Dow Jones Industrial Average. Altria, known as Philip Morris until 2003, had been in the industrial average since October 1985. Last year it spun off Kraft Foods and announced a spin-off of Philip Morris International in ...
