Letters From... – Page 6

  • Analysis

    Letter from the US: Boomer balancing act

    March 2017 (Magazine)

    In the US, the oldest baby boomers recently turned 70. That is also a turning point for the US pensions industry. In fact, Americans at that age have to start withdrawing from tax-deferred savings plans, or face a penalty

  • Analysis

    Letter from Brussels: Unclear on clearance

    February 2017 (Magazine)

    The prolongation for 18 months of pension funds’ exemption from posting collateral when trading over-the-counter (OTC) derivatives is leading PensionsEurope to seek clarification. 

  • letter from the us
    Analysis

    Letter from the US: Irresistible incentives?

    February 2017 (Magazine)

    Global pension funds are looking with interest at the $1trn (€960bn) Trump Private Sector Financing Plan for infrastructure construction. It could offer an opportunity for investors seeking stable, cash-generating investments.

  • Analysis

    Letter from Brussels: EU focus on tax tricks

    January 2017 (Magazine)

    There is increasing attention in Brussels on company reporting, taxation and offshore financial centres. The G20 and some OECD countries have demanded country-by-country reporting rules for multinational companies with a turnover over €750m

  • Analysis

    Letter from the US: Investors adjust to Trump

    January 2017 (Magazine)

    Are financial markets too optimistic about the impact of Donald Trump’s administration? That is a big unanswered question in the aftermath of his surprise victory in the presidential election

  • Analysis

    Letter from the US: State boost to pensions

    December 2016 (Magazine)

    Next year will start with a new initiative in the US pension fund industry – the launch of the first retirement savings plan created by a state for private-sector employees. Washington State is the pioneer with its Small Business Retirement Savings Marketplace, and it will be followed by other states.

  • Analysis

    Letter from the US: Endowment rethink

    November 2016 (Magazine)

    Should other university endowments follow the Yale model or is it time to rethink how they invest and take a simpler approach, such as an indexed 60/40 portfolio? That is the big question for NP ‘Narv’ Narvekar, who becomes the CEO of Harvard Management Company (HMC) in December. 

  • Analysis

    Letter from Brussels: Pan-EU private schemes for 2017?

    November 2016 (Magazine)

    Legislation proposing pan-EU personal pension products (PEPPs) could be tabled in 2017, according to the European Commission

  • Analysis

    Letter from the US: Pension equities ebb

    October 2016 (Magazine)

    The defined benefit (DB) pension funds of the companies in the S&P 500 index are in deficit. At December 2015, these were $376.6bn (€337bn) underfunded, according to Citigroup’s chief US equity strategist Tobias Levkovich. 

  • Analysis

    Letter from Brussels: A vision for cross-border workers

    October 2016 (Magazine)

    A former director of the European Association of Paritarian Institutions (AEIP) has proposed a new option for occupational pensions that could help the large number of workers whose careers take them across EU internal borders.

  • Analysis

    Letter from the US: Pensions dreamland?

    September 2016 (Magazine)

    The two presidential candidates disagree on everything except on Social Security, the US federal programme that guarantees basic pension benefits

  • Analysis

    Letter from Brussels: Weighty in-tray for new CMU commissioner

    September 2016 (Magazine)

    Valdis Dombrovskis has assumed responsibility as commissioner in charge of the flagship Capital Markets Union project. But he has also assumed the added complication of the withdrawal of the UK

  • Analysis

    Letter from Brussels: Posted worker woes

    July / August 2016 (Magazine)

    It will not be the first time that proposed revisions to EU rules affecting finance and pensions get stuck in a logjam between interests groups

  • Analysis

    Letter from the US: De-risking threatened

    July / August 2016 (Magazine)

    Corporate America is looking at the impact of the Pundt, Edward vs Verizon Communications case after the Supreme Court awarded victory to the retirees

  • Analysis

    Letter from Brussels: Tax targeting continues

    June 2016 (Magazine)

    Pressure to clean up the financial sector has led to copious legislation from Brussels. 

  • Analysis

    Letter from the US: No clarity on hedgies

    June 2016 (Magazine)

    Not all pension funds are abandoning hedge funds. And the ones that are could be making the same mistake that investors often make – basing decisions on the past.

  • Analysis

    Letter from Brussels: Ethical pressures mount

    May 2016 (Magazine)

    There are plenty of indicators of rising pressure to advance ethical standards across the financial sector. One outcome takes the form of mountains of clean-up legislation, including from Brussels. 

  • Analysis

    Letter from the US: The robo-race starts

    May 2016 (Magazine)

    Robo-advisers are gaining ground in the US retirement industry. Their success will have an impact on the market, accelerating the shift of assets out of actively managed funds and into index funds

  • Analysis

    Letter from Brussels: Beefing up the CMU

    April 2016 (Magazine)

    Inadequacy of European national court systems in the financial sphere is due for overhaul. Upgrade is necessary if the EU’s capital markets union programme (CMU) is going to get anywhere, according to a high-status paper

  • Analysis

    Letter from the US: The Yale effect

    April 2016 (Magazine)

    Good things come in small packages. It sounds so true reading the latest annual National Association of College and University Business Officers (NACUBO) Commonfund study of endowment performance.