Latest from IPE Magazine – Page 470
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Features
Grasping new opportunities
Pension funds are hoping a fresh inflow from severance pay will boost the second pillar pensions sector, says Vincenzo Pelosi
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Features
Creating space for innovation
Despite having to cope with regulatory tribulations, pension funds were unfazed and clocked up healthy returns, Carolyn Bandel writes
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Features
Home bias pays off
Despite last year’s outperformance, Pirkko Juntunen detects concerns that the size of the local markets makes them vulnerable
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Features
Dipping a toe into diversification
Recent changes are broadening the horizons of traditionally conservative managers, George Coats finds
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Features
Waiting for new regulations
Pension managers realise that government policy is not particularly helpful to their industry, George Coats discovers
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Features
Introducing prudence
Last year saw pension funds adapt to the introduction of the EU pensions directive and the implementation of traffic light regulations, says Pirkko Juntunen
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Features
Adding extra alternatives
Public Pensionskassen are following the lead set by their private counterparts, Barbara Ottawa discovers
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Features
Return-seeking puts funds at risk
Overweight equity positions aimed at plugging deficits have blinded UK pension funds to long-term liabilities, finds Shayla Walmsley
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Features
The dollar is our currency, but it’s your problem
The words of Nixon-era US treasury secretary John Connally are developing new resonance for Asian central bankers
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Features
The targets of Japan Post
Oscar Volder reports on how the privatisation and break-up of the Japanese post office is creating a major new player in the investment funds market
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Features
Implementation risk and the benefits of quant
In the June edition of IPA, we assessed the so-called 130/30 strategy in the context of risk budgeting. Azim Alvi takes the discussion forward by explaining some of the practical consequences
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Features
Enhanced cash and the naming problem
The choice of cash funds is growing rapidly, but assessing them is not always easy because the categorisation has not been standardised, says Jonathan Curry
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Special Report
Signs of progress on governance
A survey of corporate governance practice in China illustrates a level of achievement but also a continuing lack of accountability in key areas. Lee Kha Loon reports
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Features
Beta: genuinely active management
Getting your beta right is one of the main challenges for an institutional investor, and alpha and beta management strategies provide a new emerging framework for institutional asset management. Bob Rädecker and Alfred Slager explain PGGM’s philosophy and innovations behind beta management
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Features
Cracks appear under a calm surface
The hitherto stable world of asset management in the Netherlands has been shaken by a series of tremors in the past year. Highest on the Richter scale is the concept of fiduciary management raising questions of loss of control and conflicts of interest. Gail Moss reports
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Features
Why Mn Services is putting on weight
Mn Services’ acquisition of PME’s business will give it the critical mass it needs to compete at the top level of pensions provision, Mn Services chairman Rudolf Hagendijk tells Leen Preesman
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Features
Pinning hopes on hybrid pension plans
The attraction of the typical average wage defined benefit (DB) scheme in the Netherlands is that it is a hybrid DB-DC plan, midway between the certainties of a traditional DB plan and the risk of a DC plan, say Eduard Ponds and Bart van Riel
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Features
FTK and LDI make strong case for outsourcing
The growth of liability driven investment strategies in response to the demands of the new financial framework has increased the attractions of outsourcing for Dutch pension funds, Heather McKenzie reports
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Features
Keeping corporate pension funds independent
Nout Wellink, president of the Netherlands Bank and chairman of the Basle Committee on Banking Supervision, argues that the collective nature of the Dutch pension system imposes important fiduciary responsibilities on corporate pension fund asset managers
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Features
AVH switch to passive strategy bears fruit
AVH, a medium-sized industrywide pension scheme for agricultural wholesalers, has ploughed a lone furrow, managing its administration in-house and following a cautious investment strategy. Brendan Maton reports
