Latest from IPE Magazine – Page 64
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Special ReportNetherlands: Rising funding ratios with a bitter side taste
Dutch funding ratios have continued to rise, but are being overshadowed by inflation concerns and enormous investment losses
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Special ReportNorway: Steps towards a new pension settlement
Increasing the retirement age will help put Norway’s pension system on a more sustainable footing, but improving benefits will mean extra costs
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Special ReportPortugal: Sustainability efforts need to be redoubled
Portugal recognises that past pension reforms mitigated the fiscal effects of an ageing population, but more effort is needed over the coming years
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Special ReportSpain: Second-pillar reforms broaden coverage
Amendments to existing laws and new ones extend access to second-pillar occupational pension funds to more workers
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Special ReportSweden: Premium pension revamp takes shape
Following the appointment of a board, the new Fund Selection Agency is filling senior management slots and the AP7 default fund is undergoing a strategy revamp
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Special ReportSwitzerland: First-pillar reforms put to the public
A referendum this autumn will decide the fate of reform to the first pillar, and parliament will debate the reform of the second pillar
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Special ReportUK: Going green amid a regulatory overhaul
The industry is concerned about a focus on derisking as the regulator’s new funding code takes shape this autumn
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Country ReportCountry Report – Pensions in Italy (July/August 2022)
Italy’s pension industry continues to develop, albeit at a slow pace. Italian pension funds are adapting their strategies to the volatile and uncertain market regime, by purchasing inflation-linked assets and by taking advantage of potentially higher yields on domestic government bonds. However, as our lead article highlights, they are generally staying true to their long-term diversification strategies, which consist of gradually allocating to alternatives including private equity, private debt and infrastructure. Some have bought shares in the Bank of Italy, a private equity-like investment.
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Country ReportItaly: Pension funds adapt to a new regime
Inflation, higher interest rates and geopolitical tensions are leading Italian pension funds to recalibrate their investment strategies
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Country ReportItaly: The greening of the pension industry
Italian pension funds are developing their approaches to sustainable investing, with increasing focus on impact and engagement
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Country ReportItaly: Struggles of the pension sector
Italian industry-wide pension funds fail to attract new members, with potentially serious long-term consequences
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Opinion PiecesThe cost of high fees
Asset owners’ never-ending quest for better management fees is now at its peak.
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Opinion PiecesLet’s not get carried away about ESG ratings
Elon Musk’s reaction to Tesla dropping out of the S&P ESG 500 index and the publication of a high-profile paper on the ‘Aggregate Confusion’ of ESG ratings have helped trigger a renewed discussion about ESG ratings. At a time when the European Commission and UK rule-makers weigh potential regulatory action, it is important to be clear about what the problem is that needs to be solved and for whom.
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FeaturesSeeking clarity as stakeholders shine a light on ESG ratings
There is confusion about the objectives of ESG ratings and any regulation needs to be clear about what it is trying to achieve and for whom
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InterviewsExit interview: Christian Boehm
Christian Boehm, who stepped down as CEO of the Austrian Pensionskasse APK at the end of June, wasn’t expecting to retire in a year of seismic changes. He has spent his final months as CEO not only witnessing at first hand how the investment approaches of pension funds are rapidly changing, but also observing the wider effects of the war in Ukraine.
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InterviewsOn the record: Are asset managers serious about sustainability?
After a series of cases of alleged greenwashing by asset managers, institutional investors comment on whether the industry is truly committed to sustainable investing
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FeaturesImportant role for securities services firms in ESG metrics
The focus on environment, social and governance (ESG) or sustainability investing is almost always on the front office. Fund flows, strategies and research have been centre stage. Often forgotten are the asset-servicing firms working in the wings developing solutions to help their clients evaluate, validate and comply with rules and regulations, particularly in Europe.
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Asset Class ReportsCredit: Inflation and the bond markets
Risks look likely to be building in credit as central banks wreak collateral damage on economies in their bid to tame inflation
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FeaturesAhead of the curve: solving the Russian share ban
Index investors inherently choose to follow the market through exchange-traded and index funds, but the recent prohibition on trading Russian stocks and their removal from global benchmarks has created something of a conundrum.
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Opinion PiecesHow to bridge a most obvious pension investment gap?
Investment luminaries were recently invited by the CFA Institute to give their opinion on the financial system in a publication to mark the quarter century of the institute’s research award to commemorate Jim Vertin.
