Latest from IPE Magazine – Page 231
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Country Report
Pensions In The Netherlands: Sailing into rough waters
Few things are as expressive of a country’s culture and history as its popular sayings and expressions. Take the Dutch: when we believe somebody is crazy, we say ‘he has been hit by a windmill’. When something is obvious, we can ‘sense it on our wooden shoes’.
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Special ReportInsurance-Linked Securities: Taking the market by storm
Insurance-linked securities are gaining popularity as a diversifying asset class, but what are the available strategies, underlying risks and costs?
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Asset Class ReportsInvesting In High-Yield Bonds: Does fortune favour the brave?
Liquidity has plunged and performance has been poor with US metals and energy issuers suffering most greatly
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Features
Stop monkeying around
Twenty years ago it made sense to use Chinese new year as a peg to discuss investing in China. A decade ago it had worn thin. To do it this year was a sign of hopeless naivety.
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Country Report
General Pension Fund: The march of the insurers
The new general pension fund vehicle provides an opportunity for insurers to enter the occupational pensions market and could bring the two sectors closer together. Leen Preesman reports
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Special Report
Case Studies: Stability through diversity
Rachel Fixsen speaks to PGGM and AP3, two pioneer investors in the insurance-linked market
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Asset Class Reports
Energy: Not quite meltdown
The US energy high-yield sector should not be written off, according to Joseph Mariathasan
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Features
High-yield bonds: Expect dispersion
Last year was a difficult one for high-yield bond investors, particularly in the US, driven by a collapse in metals and mining on top of the decline in oil prices
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Country Report
Age-Related Premiums: Solidarity 2.0
PNO Media, a provider for 450 media sector companies in the Netherlands, is striking a new path to retain pension market share in a competitive environment, according to Gail Moss
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Special Report
Catastrophe Risk: Earth, wind and diversification
Diversification across catastrophe risks between different territories and natural perils is essential, according to Anthony Harrington
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Asset Class Reports
High-yield bonds: Beyond the benchmark
Investors will need to take into account shortcomings in high-yield benchmarks and the idiosyncratic nature of markets when selecting a strategy
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FeaturesFrom Our Perspective: Cost pressures
A few pension funds have led the charge against perceived excessive investment management fees. Hedge funds and private equity have come under pressure but long-only managers have not escaped scrutiny
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Country Report
Variable progress
There is room for improvement in the government’s plans to introduce variable annuities for DC pension funds, according to Wichert Hoeckert
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Special Report
Private Placements & Speciality Lines: Sound private arrangements
Diversifying into aviation, marine and energy risks through private placements makes sense from a risk-and-return perspective, writes Anthony Harrington
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Asset Class Reports
Sensitivity of high-yield strategies to macro factors
The data shows the sensitivity of high-yield funds to changes in a selection of economic factors – global default spreads, global term spreads, global interest rates and global inflation
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Country Report
The Future: Near the end
Continuing stress on funding ratios is leading to renewed calls for a comprehensive overhaul of the Dutch occupational pension system
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Special Report
Who’s afraid of life risk?
Investors in insurance-linked securities (ILS) generally underwrite non-life risk, but sometimes insurers are willing to offload life risk as well, finds Carlo Svaluto Moreolo. What can investors expect from entering the life-risk market?
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Country Report
Interview: Corien Wortmann-Kool - ABP
ABP chair Corien Wortmann-Kool tells Leen Preesman about the need for speedy change to a new pension system and of the need to restore the trust of the fund’s 2.8m members
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Country Report
Interview: Gerard Riemen - Dutch Pension Federation
In January, Gerard Riemen, director of the Dutch Pension Federation, called for a new occupational pension design with personal accounts and risk sharing. He tells IPE about his aims
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Country Report
A changing landscape
Rajish Sagoenie and Martin Wouda comment on the fundamental changes taking place in the Dutch pension system
