All IPE articles in September 2023 (Magazine) – Page 2

  • Letter from Berlin
    Opinion Pieces

    Resistance to Germany’s new buffer fund proposal

    September 2023 (Magazine)

    Last year, the manager of Germany’s pay-as-you-go first-pillar scheme, Deutsche Rentenversicherung, recorded income of €363bn, the largest share coming from contributions (€275.6bn), and €87.4bn in public subsidies. 

  • Maton Brendan
    Opinion Pieces

    Cambridge and Westminster: a tale of two pension schemes

    September 2023 (Magazine)

    The Houses of Parliament and Cambridge University are two venerable British institutions. But the differences in how they run their pension arrangements illustrate the contrast between the UK-style pooled liability-driven investment (LDI) and a more traditional form of pension investing, no longer as popular in the UK but still common elsewhere.

  • Bernd Scherer 1
    Opinion Pieces

    How to improve investment committees

    September 2023 (Magazine)

    Most asset management firms, private and public institutional investors and family offices have investment committees. Poorly designed boards can potentially destroy substantial value in the investment management industry, yet little research is available. I would like to propose a new way to think about the governance of investment committees. 

  • Paris- protesters outside the Assemblée Nationale
    Country Report

    Pensions in France - IPE Country Report

    September 2023 (Magazine)

    Fierce opposition from trade unions and a large part of the political spectrum did not manage to stop Emmanuel Macron’s plan to reform the French pension system. The new framework kicks in this month, and the long-term sustainability of public pensions is secure. However, French workers will have to work longer into their lives, and their standard of living will decline. 

  • Gustavo Medeiros
    Features

    The US dollar’s declining status as a global reserve currency

    September 2023 (Magazine)

    The recent US debt ceiling negotiations have brought into question the viability of the US dollar’s status as a global reserve currency. Long-term investors have been reviewing their strategic asset allocation away from the currency, seeking to diversify their exposure and to take advantage of long-term investment opportunities. 

  • Chile’s central bank has started to cut rates
    Features

    Fixed income, rates & currency: Uncertainty persists

    September 2023 (Magazine)

    As the major central banks in developed markets reach, or at least near, the end of their hiking cycles, markets, rather than identifying when policy rates will peak, focus is now on the conundrum of just how long these policy peaks will be maintained.

  • Boussoukaya-Nasr Salwa
    Interviews

    Pension funds on the record: The investors developing their own index methodologies

    September 2023 (Magazine)

    FRR and PUBLICA are among the growing number of European pension funds developing proprietary benchmarks to achieve their sustainability objectives  

  • RobertGEcclesPhoto[1]
    Opinion Pieces

    ESG remains mired in politics in the US

    September 2023 (Magazine)

    “I am not going to use the word ESG because it’s been misused by the far left and the far right,” said BlackRock CEO Larry Fink in a conversation at the Aspen Ideas Festival in June. 

  • Sarah Le Gouez, general secretary of Le Cercle de l’Épargne (LCE), a savings and pensions think tank
    Country Report

    New pension rules set to transform France

    September 2023 (Magazine)

    After much opposition, profound changes to the retirement system take effect this month

  • Denis Antoine
    Country Report

    France’s new pension product smashes through target

    September 2023 (Magazine)

    Assets managed by PER supplementary pension products could reach €200bn by 2026

  • Jacobs-Dean Adam
    Features

    ISSB: Green future or more green washing?

    September 2023 (Magazine)

    Imagine a world where investment professionals can make decisions based on standardised environmental, social, and governance (ESG) data. Well, that may no longer be a pipedream, thanks in no small part to the publication on 26 June of the International Sustainability Standards Board’s (ISSB) board’s first two sustainability reporting standards. 

  • Harry Markowitz and Joseph Mariathasan on the boardwalk at San Diego beach
    Features

    Pancakes for lunch with Nobel laureate Harry Markowitz

    September 2023 (Magazine)

    Harry Markowitz, Nobel Laureate and founder of Modern Portfolio Theory, passed away in June this year. Much has been written about his contribution to the development of modern finance theory. Less, though, on Harry as a person.