All articles by Liam Kennedy – Page 20
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Features
Alphabet soup
The UK’s pensions minister, Steve Webb, is brave to try to keep alive the concept of pensions risk sharing. At the annual chairman’s dinner of the National Association of Pension Funds (NAPF) in February, he advocated what he termed ‘defined aspiration’ or ‘DA’ pensions to add to the already familiar DB and DC.
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Features
Leader of the supertanker
ABP transformed itself in 2008 when it spun off APG to become an independent pension asset manager that could also manage assets for external pension funds.
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Features
Change without regret
Liam Kennedy spoke with Angelien Kemna, chief investment officer of APG, the Netherlands’ largest pension asset manager with AUM of €278bn, about her policies of ‘minimum regret’ and ‘controlled simplification’
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News
EFRP rejects notion of 'harmonising' European DB pensions systems
Timetable for ‘holistic balance sheet’ impact study ‘inadequate’, says Towers Watson.
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News
EIOPA unveils timetable for 'holistic balance sheet' impact studies
Authority plans decision just six weeks after receiving 3,000 pages of submissions from 170 bodies.
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Features
‘Democracy will be threatened if you lose grip on public finances’
Former Swedish prime minister Göran Persson recalled the night in 1997 when the EU’s Stability and Growth pact was negotiated. His cabinet had already made the decision that Sweden would not join. “We had decided we were not mature enough to join this club, so we would wait. But even then, we were in much better shape than many of those who took it as a given that they should join the euro-zone.”
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News
Towers Watson establishes separate fiduciary management team, appoints CIO
Chris Mansi, chair of the consultancy’s UK portfolio construction group, named CIO.
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NewsWhat the revised IORP Directive should focus on
The original Directive was inadvisable for a number of reasons, says Liam Kennedy.
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Features
Focus on DC
It is difficult to retain sight of the founding principles of the EU’s Pensions Directive (IORP) when confronted with the 500-page response of the European Insurance and Occupational Pensions Authority (EIOPA) to the EC’s call for advice last April on its review of the legislation.
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NewsIn praise of long-termism
Liam Kennedy encourages the newly launched 300 Club to champion the long-term view.
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Features
The long-termists
As those who watched the 2006 film ‘300’ will remember, ‘the 300’ refers to the band of Spartans who heroically fought against the Persians at the battle of Thermopylae in 480BC. A modern re-incarnation – The 300 Club – has been brought to life by Saker Nusseibeh, CIO of Hermes ...
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Features
Search for advantage in a crowded market
Why launch an emerging market debt (EMD) strategy when there are already 40-plus institutional competitors in the market? First State Investments – which has just hired Helene Williamson from F&C Asset Management along with Jan-Markus May, Manuel Cañas and Philip Fielding to run the strategy – did not make the decision for short-term reasons, according to Gary Withers, the firm’s EMEA managing director.
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NewsInvestment experts launch 300 Club to combat 'dangerous' market behaviour
Group aims to raise awareness about impact of current market thinking and behaviours.
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Features
Liam Kennedy: Two paths, not irreconcilable
Two books landed on my desk in September – one on the subject of good pension governance, the other on retirement income.
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Features
Central direction, local implementation
Liam Kennedy spoke with Benedikt Köster and Sven Rogge about Deutsche Post DHL’s pension risk management framework and its implementation
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NewsLiam Kennedy: Break some policy eggs
After years of poor occupational pensions policy, the UK is finally doing something.
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Features
Liam Kennedy: Break some policy eggs
After years of poorly conceived occupational pensions policy, the UK is finally attempting to remedy the situation – at least in the defined contribution area.
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NewsWhat do pensions regulators need?
Regulators must do more to create rules that take better account of risk.
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Features
What do regulators need?
Pension regulators come in a variety of shapes and forms. Sometimes those forms change to reflect prevailing wisdom on the best constitution of financial regulatory and supervisory bodies.
