Latest Special Reports – Page 80
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Top 1000: Switzerland - Reforms lack comprehensive support
The government has amended few of its Altersvorsorge 2020 reform proposals following a consultation with the industry.
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Top 1000: UK - A brave new pensions world
Compulsory annuitisation will be abolished and the government is to introduce new defined ambition pensions as an alternative to pure defined benefit and defined contribution.
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Top 1000: Italy - Pensions not prioritised
Pension funds still await a reform of the law that restricts their investments and they remain cautious about SME and infrastructure investments.
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Top 1000: Portugal - Towards sustainability
Raising the retirement age and linking pensions to life expectancy are part of Portugal’s agenda for making its retirement provision more sustainable.
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Pension Fund Governance: A market in maturity
Fiduciary management has come a long way since its introduction in the Netherlands in 2001. Leen Preesman traces the chequered history that has led to six out of 10 Dutch funds, representing €700bn, embracing various forms of the model
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Pension Fund Governance: Independent thinking
As the world gets more complex, professional independent trustees may come into their own. But, as Lynn Strongin Dodds writes, the choices have to be thoroughly considered, and some potentially serious pitfalls avoided
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Pension Fund Governance: Objectives then implementation
Martin Steward talks to Roger Urwin about the thinking behind Towers Watson’s ‘transformational change’ projects with the world’s leading large institutional investors
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Pension Fund Governance: Board effectiveness: From path dependency to integrative thinking
“One of the curses of our industry is path dependency,” says Keith Ambachtsheer, director emeritus of Toronto’s Rotman International Centre for Pension Management (ICPM) and academic director of the Rotman’s Board Effectiveness Programme (BEP) for pension funds.
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Pension Fund Governance: Avoid the bear traps
UK pension funds are increasing governance levels as they implement regulatory guidance on integrated risk management, says Pádraig Floyd. Professional trustees are playing a greater role
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Risk and Portfolio Construction: Rates of change
To a large extent today the question of what to do in portfolio construction is really a question of what to do about interest rates.
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Special ReportTop 400: Global assets up 8.9% in 2013
M&A has featured highly in asset management in recent years. Until now, this has largely been dictated by external circumstances, such as bank parent companies seeking to increase capital adequacy or to abide by competition regulations.
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Risk and Portfolio Construction: A corner turned
The consensus is that 2012 saw the trough of the 30-year downdraft in interest rates. Daniel Ben-Ami tests the strength of this conviction and describes the scenarios that could threaten it
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Special ReportTop 400: The essential C-word in investment management
Mitesh Sheth defines 10 dimensions of an undervalued factor in investment management
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Risk and Portfolio Construction: From solo to tango
As the bond markets move from bullish to bearish, David Turner asks if we need new assumptions about asset class correlations
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Special ReportTop 400: Not so hasty: Keeping a manager when the going gets tough
Rick di Mascio argues that the decision about whether to sack an underperforming manager should be one that focuses on process, not just performance numbers
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Risk and Portfolio Construction: A new era for risk parity
Jennifer Bollen asks whether the end of the bond bull market signals the death of the traditional risk parity model
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Special ReportTop 400: Innovating in a world where winner takes all
A person who moves a mountain starts by taking away a small stone, according to a Chinese saying. This applies to the asset management industry today, say Amin Rajan and Kevin Pleiter
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Special ReportTop 400: Managers pursue rationalisation
Alastair Sewell and Erwin van Lumich believe that recent transactions are unlikely to herald widespread M&A among European asset managers but that rationalisation will continue
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Special ReportTop 400: Finance and regulation
Nitin Mehta believes professional bodies and well-run self-regulatory organisations can help buffer the sometimes competing priorities of regulators and the financial industry
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Special ReportTop 400: The burden of harmony
MIFID II and other European regulations are not as consistent as they seem, says Mike Ginnelly
