Latest from IPE Magazine – Page 543
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Features
Crisis! What crisis?
The current debate about pensions and about how society can best adapt to an ageing population is distorted by the belief that ageing is a huge economic and social problem, leading to a sense of crisis. Yet the population will not age overnight and we have some 20 years to ...
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Features
Difficult to apply
Behavioural finance achieved real respectability three years ago when Daniel Kahneman won the Nobel Prize for his work in this area. Kahneman and his colleague Amos Tversky are best known for their work on Prospect Theory. A simple rendering of this theory would be that people have an irrational tendency ...
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Features
More attractive than ever
According to Jerome Booth at London-based specialist asset manager Ashmore: “In emerging markets, debt outperforms equities except in a rally, so the definition of an emerging market is one where the equity risk premium is negative.” While you may believe that his view is prejudiced since Ashmore is a leading ...
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Features
Life after attribution
Your managers may be investing in new risk and attribution capabilities, but are they ready for the knock-on effects? As an investor in the fixed income funds, you may not be too concerned with the relationship between your manager’s front, middle and back offices. As long as your funds are ...
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Features
Pension fund contagion fears
European Central Bank president Jean-Claude Trichet has warned that pension funds and insurers could be sources of vulnerabilities that could spread “contagion” in the wider financial system. Trichet, speaking in Frankfurt, pointed out that pension funds and insurers might be “sources of vulnerabilities through their increased interdependences and linkages with ...
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Features
Swiss in 2% rate plea
Pension fund association ASIP has urged the government to lower the guaranteed return on pension contributions, insisting that the move is critical to improving the financial health of its members. Earlier this year, the Swiss government decided to leave the rate in question at 2.5%. “An adjustment to the ...
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Features
The poisoned chalice?
Germany’s got a new minister responsible for pensions – which is interesting for two reasons. First is the scale of the problem, then there is the minister himself. Out of the turmoil of the election and the horse-trading behind the grand coalition, the SPD’s Franz Muentefering has emerged in the ...
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Features
Markets on the move
Swedish pension funds are in a state of culture shock as they get to grips with two new major pieces of legislation. All will have to raise their game as the occupational pensions directive opens up a veritable smorgasbord of investment choice but in return demands prudence. Meanwhile, the authorities ...
