High equity quota helps boost performance and long-term average returns
Several company pension funds granted full inflation compensation of 1.34% to members
Allocations to traditional active bond managers fail to give intended diversification
Academic and consultanty say the oil fund has lost some NOK10bn as a result of its stock-picking
Plus: Interest hedging nudges higher, pensions say for employees of small companies
Rebounding equity markets over the third quarter bolstered year-to-date (YTD) returns at many European pension funds, particularly in the Nordic region.
Fund managers might do better to focus on generating excess return in credit markets than selecting outperforming stocks
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“The responsibility for making our profession more representative of the society we serve ultimately sits with all of us”
Pension systems everywhere are either struggling to manage the shift from defined benefit (DB) to defined contribution (DC) or contemplating the journey
“The selection of a benchmark is secondary to many other provisions for encouraging long-term behaviour”
“The FCA has picked the wrong fight. We need a way to rate alternative investments”
“At present, UK trustees do not have the right governance framework in place to be effective or accountable”