Latest from IPE Magazine – Page 262
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Features
Collective lessons from professionals
Experience shows that the benefits of intergenerational solidarity and collective pension risk sharing are often not appreciated, particularly by those who feel they are shouldering a greater share of the burden than they ought.
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Features
I’ll have my bond; I will not hear thee speak
The court scene from The Merchant of Venice dramatises the balance between justice and equity. Argentina’s conflict with its ‘holdout’ creditors, which led to default on its New York-law bonds, suggests that it ought to be required reading for sovereign debt investors.
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Features
The shore will turn the ship
After five years of intense negotiations and acrimonious disputes, the Dutch have finally settled on a new financial framework (FTK), expected to take effect, at least in part, as of January 2015.
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Features
Pension pot pitfalls
Like compulsory voting, compulsory pensions have not taken off to a great extent: Australia practices both, Switzerland has had mandatory supplementary pensions since the 1980s, and pensions are compulsory for most workers through collective labour agreements in the Netherlands.
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Features
The changing bond climate
Green bonds, until very recently a niche product, are gaining in prominence as the market grows above $500bn (€369bn).
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Features
The Irish word for ‘appropriate’
Following a recent High Court ruling, Ireland’s pensions industry has found itself questioning whether the current minimum funding standard (MFS) for schemes can endure.
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Opinion Pieces
Learning disabilities
Who would invest in a sector that has lagged the Stoxx 600 by 1.1% in overall growth and by 0.3% in EPS growth for the last 19 years on an annual basis?
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Opinion Pieces
Rethink on alternatives
After five strong years in the equity markets, some US pension funds are disappointed by the performance of their alternative assets and moving out, while others are keeping them but focusing on de-risking.
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Features
Russia in the limelight
With or without the situation in Ukraine, the shooting down of flight MH17 and international sanctions, the economic outlook for Russia is questionable. We asked two respected observers whether pension funds should pull out
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Features
Blank canvas for Swedish banking fund
After a year and a half of deliberation, SPK’s new investment strategy is finally coming together. When the SEK24bn (€2.6bn) pension fund for saving bank employees moved into its new premises in central Stockholm at the beginning of the summer, it did so with a completely transformed investment portfolio.
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Opinion Pieces
“The best CDC design is collective implementation with clear ownership rights”
Designing a robust retirement income solution is not easy – as with most complex issues, there are no silver bullets, only trade-offs. The challenge is to balance life-long retirement income stability with financial risk-taking, all within a framework that is understandable, transparent and fair and hence can be trusted by members.
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Features
Burying IFRS Stateside
For more than a decade, international accountants have dreamed of a single set of global accounting standards. But the failure of standard setters on both sides of the Atlantic to agree on a common treatment for bad-debt provisioning by banks leaves the world facing a multi-GAAP environment for at least a generation, writes Stephen Bouvier
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Features
Risk-sharing professionals
Gail Moss compares how self-employed professionals are served by specialist collective DC pension funds in three European countries
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Features
How we run our money: Aisle four - asset management
Steven Daniels, chief investment officer at Tesco Pension Investment, tells Taha Lokhandwala about his role as Tesco’s in-house asset manager
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Country Report
Liberalising ambitions
This looks set to be a defining year for UK pensions, as auto-enrolment shapes up and key reforms for defined ambition pensions are introduced, writes Taha Lokhandwala
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Country Report
All change
Carlo Svaluto Moreolo outlines how auto enrolment is changing the defined contribution pension landscape
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Country Report
An emotional business
Tim Jones, CEO of NEST, tells Carlo Svaluto Moreolo how the master trust is dealing with its customer base in its attempt to raise awareness of pensions and its model to reduce transaction
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Country Report
A national rule for local funds
Taha Lokhandwala looks at radical proposals to reform local government pension investment in England and Wales
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Country Report
Ten years of LDI
Barry Jones wonders how many people in 2004 would have thought investments would be the single biggest investment exposure for UK schemes by 2014
