Latest from IPE Magazine – Page 205
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FeaturesFrom Our Perspective: FCA raises the game
In 2001, the Myners report raised the issue of the investment value chain and how pension funds could improve outcomes through their governance structure. It also highlighted market inefficiencies in areas like peer-group herding and investment consulting
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Features
Dutch Pensions Federation backs proposals for new system
The long-running debate in the Netherlands over how to build a sustainable and acceptable pension system has taken another step towards its final destination
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Features
UK Financial Conduct Authority seeks to regulate consultants
The UK’s Financial Conduct Authority (FCA) is seeking regulatory powers over investment consultants following a damning review of the sector
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Features
German Reforms: A brave new world
Just before Christmas, the only real opposition to the German government’s second-pillar reform draft came from the insurance sector. Not publically, mind you. In a statement, it “welcomed the reform in principle”
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Opinion Pieces
Long-Term Matters: My inner Trump
Early on Wednesday 9 November we learnt that Donald Trump would be president of the US, and two days later I heard I may have a cancer.
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Features
Accounting Matters: Investing in better communication
The message from the International Accounting Standards Board (IASB) is that better communication starts with the income statement. Prompting this revelation is the demand from some respondents to the IFRS Foundation’s 2015 agenda consultation for the IASB to investigate how companies communicate financial performance in their financial statements.
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Features
Pension Investing: Asset allocation to stay a relative value game
In the second article in a new series, Pascal Blanque and Amin Rajan argue that quantitative easing will continue to distort asset prices for the foreseeable future despite the rise of populist politics
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Features
Radek Sikorski: Populists have the wrong answers
Radek Sikorski, the former Polish foreign minister, gave the opening address at IPE’s 2016 Conference. His topic was Brexit, Trump, Le Pen: Can the EU Withstand the Populist Tsunami?. Daniel Ben-Ami interviewed him about the rise of populism. This is an edited transcript.
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Interviews
On the Record: How do you ensure successful manager selection?
Three pension funds - Sparinstitutens Pensionskassa, Grafton Pension Plan and Advocates Pension Fund - share their views on manager selection
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Features
LGPS: UK pools seek thumbs-up
After months of hard work, the English and Welsh local government pension scheme pools have received feedback on their plans
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Features
A macro demographic analysis of pensions investing
Amlan Roy argues for a broader understanding of the factors that drive pension fund risk and asset allocation
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FeaturesHow we run our money: Coal Pension Trustees
Stefan Dunatov, CIO of Coal Pension Trustees, tells Carlo Svaluto Moreolo about his vision for managing the UK coal industry’s legacy schemes
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Features
Asset-Backed Securities: Shackled by history
The asset-backed securities markets across Europe struggle to recover from the financial crisis while the EU wavers on necessary regulatory reform
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Features
A key element for M&A success
Wolfgang Fickus says mergers and acquisitions can be a riskier strategy than organic growth but buying at the right time increases the potential for value generation
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FeaturesESG: Counting carbon
Susanna Rust delves into the realm of emissions measurement in an increasingly carbon-sensitive world
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Interviews
Strategically speaking: Asset Management One
With ¥52.75trn (€430bn) in assets under management, Asset Management One is perhaps the largest global asset manager that IPE readers have never heard of
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Features
Asset Allocation: The big picture
While 2016 was a year of tumultuous political change, there is familiar look to the year-end consensus economic forecasts for 2017: slightly higher growth and inflation as well as slightly tighter monetary policy from the Federal Reserve
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Features
Ahead of the Curve: Low rates challenge central banks
The low-interest-rate environment is forcing central banks to take more risks in their asset allocation to meet capital preservation objectives, writes Alex Millar
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Features
Focus Group: Let’s squeeze fees
Thirteen of the investors polled for this month’s Focus Group are in favour of asset managers quoting an ‘all-in’ fee. This involves all fees and charges including transaction costs
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Features
Diary of an Investor: Too much information
Our investment committee members had quite a few questions at the final meeting of 2016. Brexit, Trump, the equities rally, long-bond yields, emerging markets: the trustees kept the topics coming thick and fast
