All Guest Viewpoint articles – Page 3
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Opinion Pieces
Viewpoint: Unequal voting rights must be phased out
Weakening protections around dual class share structures will not deliver the desired benefits
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Opinion Pieces
Securities litigation can be worth the effort
Pension funds and other institutional investors face an uphill challenge when it comes to managing their investor action responsibilities.
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Opinion Pieces
Irish pensions auto-enrolment is a worthy challenge
Irish citizens are set to get a retirement boost following the government’s decision to implement its auto-enrolment retirement savings scheme in 2024. That is, if all goes to plan. Under the proposed scheme, which has been a topic of debate in Irish politics for at least 15 years, employees will have access to a workplace pension savings scheme that is co-funded by their employer and the state.
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Opinion Pieces
Viewpoint: Why we closed Net Zero Now to new employers despite its popularity
A change in the consensus around the role of offsetting to achieve net zero was one consideration, explains UK master trust Cushon’s director of policy and research
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Opinion Pieces
Viewpoint: A response to ISSB’s Faber’s ‘triple illusion’ criticism of double materiality
Frédéric Ducoulombier, of EDHEC-Risk Climate Impact Institute, says the ISSB chair straw-mans the positions of advocates of the EU ESRS’s double materiality
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Opinion Pieces
Viewpoint: To outsource, or not to outsource? The rise of OCIOs
OCIO is a trend being encouraged by market volatility, increased portfolio intricacy, and the growing burden of regulatory compliance
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Opinion Pieces
Investors do not care about physical climate risks
One of the most pressing questions facing today’s climate research is whether climate change risks are reflected in stock prices. In a peer-reviewed study* recently accepted for publication in Journal of Banking and Finance, we found that investors only care about climate change risks when policymakers intervene, not about physical climate risks.
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Opinion Pieces
Viewpoint: Macron’s reform paves way for development of French second- and third-pillar pension
The rationale of the reform is simple: the rising life expectancies combined with decreasing birth-rate have accelerated the aging of the French population
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Opinion Pieces
Viewpoint: Let us redefine industrial policy
Peter Kraneveld proposes to think in terms of ‘economic change policy’ instead
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Opinion Pieces
How to improve investment committees
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.
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Opinion Pieces
Viewpoint: How to prepare your scheme for the buyout backlog
Schemes must proactively prepare for major delays in risk transfers
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Opinion Pieces
Viewpoint: Is long-term benchmarking realistic?
Instead of asking ‘what is a long-term model for investment benchmarks,’ we can ask ‘how many institutions view long-term benchmarking as practical?’
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Opinion Pieces
Viewpoint: It’s the government’s move now
Pension funds should urge governments to support new products and habits to reduce CO2 emissions
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Opinion Pieces
Viewpoint: Climate change action is failing
Recent research showed that around two in three respondents in financial organisations did not believe their own climate promises could be kept in time
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Opinion Pieces
Viewpoint: Breaking the banks
Pension funds should ally themselves with activist investors to break up the hegemony of large banks
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Opinion Pieces
Guest viewpoint: Green bonds require better coordination for real impact
Worth approximately $128.3trn (€117trn), the global bond market could add billions to the global effort to reach the United Nations’ sustainable development goals (SDGs). Yet only a fraction of the market currently consists of green, social and sustainability (GSS) bonds, and of that very little is being issued in developing countries. In 2022, annual GSS bond issuances stood at under 10% of overall bonds and only 13% of them came from entities in developing countries, a number that dwindles to around 5% when excluding issuers from China.
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Opinion Pieces
Viewpoint: UK defined contribution market
Many investors nearing retirement are unable or unwilling to take on the volatility associated with a more aggressive portfolio
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Opinion Pieces
Viewpoint: The carbon credit conundrum – a new approach
The goal of linking verifiable carbon mitigation and nature restoration with a financial return has long been the holy grail for climate-aware investors
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Opinion Pieces
Viewpoint: Fee transparency – it’s good for managers too, but they probably won’t believe it
Asset managers are still not properly able to represent the true and comparative value-for-money they provide
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Opinion Pieces
Guest viewpoint: Standardised data on diversity and inclusion will help team development
Promoting inclusiveness and diversity in organisations is key to discovering their human capital potential. But fostering a culture of continuous improvement is critical if this is to be fully realised.