More comment – Page 44
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Opinion Pieces
Letter from Brussels: A warm reception for PEPP
In contrast to complaints that Brussels’s legislation burdens the financial sector, the European Commission may be gratified by the positive response to its flagship Capital Markets Union (CMU) programme.
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Opinion PiecesLetter from the US: Risk transfer hots up
With interest rates rising, the US pension risk transfer market is expected to grow substantially
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NewsJoseph Mariathasan: Strategy selection vs manager selection
Picking the right approach to global equities can prove more valuable to selecting managers
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Features
German pensions: A new not-quite revolution
The current reforms risk repeating some of the mistakes of the Riester plan. Devolving responsibility to social partners for creating new sector schemes risks passing the buck
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Features
Europe: The genie is out of the lamp
Times have changed since the Society for the German Language chose Alternativlos (without alternative) as its Unwort (literally ‘unword’ or ugliest word) of the year for 2010
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Features
Fiduciary managers need more competition
The review of the UK’s asset management market by the FCA may or may not result in tighter regulation of investment advice. But the regulator would do well to continue focusing on investment consulting firms that offer fiduciary management services
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Opinion Pieces
Long Term Matters: Disrupting CEO pay
The former CEO of the Investment Association, the trade body that represents UK investment managers, has made a disruptive proposal on CEO pay
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Features
Interview: Institutional Investors Group on Climate Change
Peter Damgaard Jensen tells Susanna Rust about the need to keep up the momentum on climate change and develop more green investment opportunities for institutional investors
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Opinion Pieces
Guest Viewpoint: Philip Shier - Society of Actuaries in Ireland
One of the objectives of the European Commission in the revision of the IORP Directive was to enhance the information provided to prospective members, members and beneficiaries of IORPs
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Opinion Pieces
Letter from Brussels: Brexit and equivalence
Nothing could be clearer. For the financial sector, at least, there is nothing to fear from Brexit. All the UK has to do is to apply to the EU’s rules – the crucial term ‘equivalence’
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Opinion Pieces
Letter from the US: Further uncertainty
The US retirement industry faces uncertain times after the Department of Labor decided in March to delay by 60 days the implementation of the so-called fiduciary rule. But many companies have already executed the new rule, and will not go back
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NewsJoseph Mariathasan: The case for active in emerging markets
Volatility driven by currency and fund flows means EM investors should steer clear of passive
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Features
Victims or winners?
There is a live debate in the Netherlands with regard to the pensions (or lack of them) of the million-plus group of self-employed, or zzp’ers in Dutch
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Features
Tear down the Mexican wall
An unintended consequence of Donald Trump’s accession to the US presidency is a surge in Mexico’s profile among Europeans
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Features
Pension fund consolidation brings risk
Pension fund consolidation remains among the most significant trends in the UK and the Netherlands
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Opinion Pieces
Long-Term Matters Investors are monkeys
Sadly, investors too often see, hear and speak no evil. Their failure to protest at Donald’s Trump’s entry ban is only the latest example.
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Opinion Pieces
Guest Viewpoint: Rory Murphy - Merchant Navy Officers Pension Fund
Pensions are by their nature long-term and this can often lead to an acceptance of inertia because “this is how we have always done it”. But in today’s world this is no longer good enough
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Opinion Pieces
Letter from Brussels: Resaver’s first stage kicks off
The European Commission’s project to set up a pension scheme for research and development professionals whose careers take them across EU borders has finally reached its first stages of operation.
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Opinion Pieces
Letter from the US: Boomer balancing act
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
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Features
Costs really matter
Lay representation on pension fund trustee boards is one of the hallmarks of occupational pensions in Europe and other parts of the world
