All IPE articles in September 2013 (Magazine) – Page 3

  • Features

    Reform saga continues

    September 2013 (Magazine)

    The long and winding tale of Dutch pension reform entered a new chapter in July, when the council of ministers signed off on a consultation document outlining changes to Dutch pension legislation, in particular the financial assessment framework (FTK).

  • Country Report

    UK: Filling the contract-based governance vacuum

    September 2013 (Magazine)

    Phil Duly surveys the issues surrounding DC pension governance

  • Special Report

    Securities Services: Defining custody’s contribution

    September 2013 (Magazine)

    As DC builds assets, trust-based structures come into their own and cost-saving aggregation opportunities abound. Iain Morse finds custodians well-positioned to put them into action

  • Asset Class Reports

    Emerging Market Debt: Corporate issues

    September 2013 (Magazine)

    How will emerging market corporate debt fare through the first real challenge since it became a genuinely mainstream asset class? Federico Carballo and Florence Duculot offer their prognosis

  • Asset Class Reports

    Emerging Market Debt: The great correlation

    September 2013 (Magazine)

    Emerging market debt has been driven by Fed policy more than fundamentals

  • Country Report

    UK: Divorce can be costly

    September 2013 (Magazine)

    Ian Fraser finds that Scottish independence would create a host of complications for newly created cross-border pension funds. But neither the London nor Edinburgh governments seem willing to engage with the issues

  • The Fifth Analyst Call
    Opinion Pieces

    Retirement on course

    September 2013 (Magazine)

    Five years after the Lehman collapse, Americans’ retirement savings look like they have overcome the shock and are growing steadily. In fact they’ve reached the record amount of $20.8trn (€15.7trn) according to the latest data published by the Investment Company Institute (ICI), the national association of US investment companies.

  • Special Report

    Securities Services: Global custodians go local

    September 2013 (Magazine)

    New regulation is changing the relationship between custodians and depositories – but will this tilt the market in favour of global or local institutions? Iain Morse investigates

  • Special Report

    Securities Services:Taking ‘solutions’ into custody

    September 2013 (Magazine)

    With regulators questioning the delegation and concentration of powers under fiduciary management and implemented consulting models, Iain Morse finds custodians sensing a business opportunity

  • Country Report

    UK: The DC information gap

    September 2013 (Magazine)

    The growing significance of defined contribution pensions means trustees should be prepared to serve members with better information on retirement income options, writes Ros Altman

  • Asset Class Reports

    Emerging Market Debt: Re-calibrating risk

    September 2013 (Magazine)

    Early summer saw volatility back in global markets, and nowhere more so than local currency emerging market debt. Joseph Mariathasan dampens out the noise and re-assesses the underlying fundamental arguments for the asset class

  • Asset Class Reports

    Emerging Market Debt: Missing linkers

    September 2013 (Magazine)

    Emerging-market inflation-linked bonds are entering a new era. Martin Steward asks how they might fit into European institutional investors’ portfolios

  • Asset Class Reports

    Emerging Market Debt: Throwing light on the shadows

    September 2013 (Magazine)

    Joseph Mariathasan looks at the little-understood world of Chinese SME non-bank financing, which is fast on its way to becoming one of the world’s most important debt markets

  • Country Report

    The Netherlands: Decision time

    September 2013 (Magazine)

    Cabinet endorsement of the new FTK proposals means Dutch pension funds must soon choose between a nominal or a real pension framework. But some are holding out for a hybrid option, writes Nina Roehrbein

  • Country Report

    UK: Spot the difference

    September 2013 (Magazine)

    Mel Duffield notes a positive reaction to TPR’s 2013 Funding Statement, but argues that it remains to be seen what approach the regulator will adopt in practice

  • Features

    The EM story is evolving, not ending

    September 2013 (Magazine)

    This month will mark five years since the Lehman bankruptcy, years that have seen some changes in pension fund attitudes to risk. Counterparty risk now matters. There is ‘tail risk’.

  • Features

    Nurturing Europe’s mid-market

    September 2013 (Magazine)

    Taron Wade and Alexandra Dimitrijevic look into efforts to expand Germany’s Schuldschein debt private-placement market to the rest of Europe

  • Features

    More than meets the eye

    September 2013 (Magazine)

    The usual selling point for ETFs is that they are cheap, but that has rarely held for institutional investors. Anthony Harrington finds less obvious, but arguably more compelling, advantages

  • Country Report

    UK: Soft but firm

    September 2013 (Magazine)

    The UK Pensions Regulator has a new statutory objective and is encouraging funds to adopt an integrated approach to risk. Jonathan Williams outlines the implications

  • Country Report

    UK: Focus on investment returns

    September 2013 (Magazine)

    Stuart Thomson argues that UK pension funds are likely to increase active LDI and alpha strategies as a result of TPR’s new objective to promote sustainable growth