Asset Allocation – Page 173
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Features
Moving smartly up the agenda
It used to be a simple enough thing. Allocate to equities, and ignore your risk exposure. Strong markets, and pension surpluses, meant you didn’t have to worry. With the heady days of the 1990s gone, pension funds are facing tougher times, and risk management has become an important issue. Not ...
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Features
Anatomy of satisfaction
Fonchim, the €4.5bn industrywide pension fund for Italy’s chemical and pharmaceutical industry workers, has been one of the most successful of the new complementary pension funds at recruiting members. The fund has attracted 116,000 members, 60% of its potential membership, since it was launched in 1999. This is far higher ...
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Features
Asset managers rise to challenges
One of the greatest challenges facing the Irish pensions market at present is the average funding level of Irish pension funds, which stands at around 70%. This came about largely due to high equity exposures at the time of the stock market turmoil and today restricts the room for manoeuvre ...
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Features
An awkward customer
In a world of increasing demand for investment solutions based around liability driven benchmarks, how do global bond portfolios fit in? Historically, as Paul Abberley, head of fixed income at ABN AMRO Asset Management points out, “global bonds have always been problematic as an asset class in an optimisation framework. ...
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Features
The great bond shortage?
IPE asked three pension funds in three countries – the Netherlands, the UK and Switzerland: ‘Does the scarcity of high-quality long-term government bonds highlighted by the OECD, pose a problem?’ Here are their answers: Peter Scales, chief executive of the London Pensions Fund Authority, which has AUM of £3.2bn ...
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Features
Rules trigger CTA boom
To the delight of Germany’s asset management industry, the much-anticipated boom in corporate pensions finally happened last year. And as 2006 begins, it shows no signs of slowing. Interestingly, the type of boom is not what one would normally expect. While corporate pensions have spread dramatically since historic pension reforms ...
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Features
Closing days of DB schemes
Spiralling costs, regulatory obligations and longevity are among the critical factors putting final salary pension schemes on the proverbial chopping block. Recently, the £2.4bn (€3.5bn) ScottishPower pension fund joined the ranks of Rentokil, Philip Green’s Arcadia retail group and the Co-operative Group, after proposing to shut the doors of its ...
