All risk management articles
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AnalysisMember preferences and risk management: how sustainability is showing up in IORP III
EU Commission wants to strengthen language around management of sustainability-related risks
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NewsNearly 70% of LPs require climate risk management from GPs
There is lower demand for specific decarbonisation targets, finds study of 100 largest LPs
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NewsGerman corporate pension funds tilt towards fixed income amid risk concerns
While continuing to increase their allocations to private markets, drawn by the potential for improved risk-adjusted returns and greater diversification
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NewsItalian first pillar pension funds required to draft investment strategy document
Document to be submitted to the ministries of labour and economy – the two supervising authorities – as well as to pensions regulator Covip
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NewsVZB admits financial distress after high-risk investments
The pension fund for dentists in Germany said that ‘a significant share of investments are acutely at risk’
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AnalysisDutch pension funds hedge equity risk in run-up to DC transition
While some funds have sold part of their equity exposure, more are likely to use options to reduce the downside risks to their listed equity investments
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Opinion PiecesViewpoint: The new market reality requires a total portfolio approach
In this new era of lower returns with higher risk, investors must rethink how they balance risk, liquidity and returns with greater discernment and due diligence
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NewsEIOPA: Pension risk stable, market risks still key concern
Geopolitical tensions are reshaping global dynamics, heightening concerns about declining international cooperation and escalating risks and uncertainties
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NewsGerman funds for professionals to apply new asset allocation stress test
Pension funds will pass the test if they have sufficient risk capital to cover stressed assets, and if the funding ratio is at least 100%
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NewsSwiss pension funds bypass strategies to boost IG bonds allocations
Bonds are losing appeal for Swiss pension schemes compared to short-term money market investments
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NewsNational Grid Pension Scheme outsources executive services to LCP
The appointment comes after the scheme’s CEO Chris Hogg announced he was stepping down this summer
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NewsKLM funds dial down risk in run-up to DC transition
The moves come as an increasing number of Dutch pension schemes decide to protect their funding ratios in anticipation of a switch to new DC arrangements
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NewsIsio to start rating fiduciary managers on insurance capability
Only three out of 11 managers are rated as market leading on insurance capability by Isio
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NewsRWE Pensionsfonds strengthens cash flow investment strategies
The scheme has fine-tuned its strategic asset allocation after conducting ALM studies
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FeaturesCyber catastrophe bonds make a debut as insurers offload risk
Cyber catastrophe bonds may be the new kid on the insurance-linked securities (ILS) block, but they have been talked about for years. The jury is out, though, as to whether they will follow the same trajectory as their natural cat bond peers. While some analysts believe they have the potential to go mainstream, others cite concerns over modelling and lack of diversification.
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NewsAegon Master Trust launches Trustee Connect
Plus: Denmark’s LD Pensions picks FactSet for risk management system
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NewsEuropean financial market authorities set priorities for macro-prudential approach
Austrian FMA, Italian CONSOB, Spanish CNMV and French AMF have identified five key priorities
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NewsDutch pension funds cannot reduce risk without limits, says regulator
Many Dutch schemes plan to dial down investment risk to protect their funding ratios in the run-up to the pension transition
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NewsGerman regulator updates governance requirements for pension plans
Three new circulars concern members of management and supervisory boards
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FeaturesMarket volatility: low risk does not mean ‘no risk’
Efforts to produce an accurate estimate of market risk can sometimes turn into a pessimist’s paradise, leading to a paradox. If the outcome of the estimation looks positive, investors might feel that they should not count on it, and if it looks negative, the real outcome will probably be worse than expected. From that perspective, the third quarter of this year was a very unusual one, quantitatively speaking. Not only did both risk and return decline simultaneously – a rare event – but investor sentiment also turned negative during the quarter, ending at its lowest level since the March banking crisis.
