Latest from IPE Magazine – Page 61
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Country Report
Interview: Dace Ljusa
After 18 years as CEO of Latvia’s SEB Pension Fund, Dace Ljusa has just stepped down. She is now turning her sights to developing a strong corporate governance ethic throughout her home country and the Baltics
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Opinion Pieces
Viewpoint: Eumedion welcomes a fruitful start on standards
IPE questioned Martijn Bos, policy adviser at the Dutch institutional investor corporate governance and sustainability forum Eumedion, about the new ISSB
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Asset Class Reports
ABS stages a comeback
‘Punitive’ regulations and onerous policies in the wake of the financial crisis saw the ABS market shrink dramatically. But complexity and an illiquidity premium offer opportunities for pension funds
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Opinion Pieces
Lacklustre pensions in an innovative CEE region
Capital funded pension systems across the Central and Eastern Europe (CEE) countries have suffered from poor policy decisions over the years. These have included suspensions or reductions to contributions and even transfers of assets from individual accounts to the state.
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Opinion Pieces
Notes from the Netherlands: It’s the implementation, stupid
The Dutch pensions regulator, DNB, praised pension funds in a recent report for having better structures in place to manage their exposure to climate risk than banks and insurance firms. But as always, the devil is in the detail.
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Opinion Pieces
News Notes: PEPP cap elicits muted response
The date for authorisation for the so-called Pan-European personal pension product (PEPP) is fast approaching – 22 March 2022 – and yet the European pensions market seems to be relatively quiet about it.
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Opinion Pieces
Letter from Australia: Private gain as Australia’s infra assets change hands
Australian superannuation funds are playing a key role in the largest takeover yet of an Australian infrastructure asset, Sydney Airport, for A$23.6bn (€15bn) in cash.
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Opinion Pieces
Letter from US: Liquidity tops the agenda for US pension plans
Monitoring and managing liquidity will be a major issue for many US pension funds in 2022. The risk of a liquidity crunch affects public systems above all, but corporate plans are not immune.
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Interviews
Exit Interview: Heribert Karch, former CEO of MetallRente
“I have been managing director at MetallRente since the beginning, exactly since 1 November 2001,” says Heribert Karch, weeks before leaving his post after 20 years at the helm of the German pension scheme. MetallRente has also just celebrated the twentieth anniversary of its foundation.
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Interviews
On the record: Asset allocation
Three European pension funds discuss their outlook for 2021 and beyond, amid the uncertainty caused by inflation and a new strain of the coronavirus
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Features
Strategically speaking – AlbaCore Capital: Alternative credit with pension fund roots
AlbaCore Capital, a Europe-based alternative credit specialist with North American roots, is a fairly rare example of an asset management company that was spun off from a pension fund. David Allen, founder and CIO, established the company in 2016, with a team of European alternative credit specialists that he led from within the $542bn (€366bn) Canada Pension Plan Investment Board (CPPIB).
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Opinion Pieces
Solving the blended finance puzzle
It is hard to say whether Friedrich Nietzsche, one of history’s most influential thinkers, would have been a supporter of the United Nations’ Sustainable Development Goals (SDGs) and all that they entail.
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Interviews
How we run our money - AP7: Premium risk taker
Ingrid Albinsson (pictured), CIO of Sweden’s AP7, talks to Rachel Fixsen about the fund’s mission to provide a default option for Swedish premium pension savers
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Features
Creating investable opportunities for caring for the elderly
The world is ageing and the liberal democracies in the developed markets are among the fastest in that respect. China, having had 35 years of a one child policy from 1980 to 2015, also faces the challenges of dealing with a rapidly ageing population. Many working adults face a future of caring for two parents and four grandparents as a result.
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Features
Long term matters: ISSB, please don’t choose to play small
The International Sustainability Standards Board (ISSB) is a major development. ISSB has rightly made climate risk its initial priority but now has an important choice to make. Will it help investors address climate-related systemic risk or will it continue with ‘business as usual’, enabling investors to play small?
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Features
Perspective - Blended finance: the ultimate impact investment
Calls for a greater role for blended finance expose the challenges and opportunities of public-private collaboration
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Features
Research - DB pensions: a high-wire act in the end game
In the second article in a series, Pascal Blanqué and Amin Rajan outline the intricacies of managing a defined benefit pension plan in the run-off phase
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Opinion Pieces
Guest Viewpoint - Sebastien Betermier: Four takeaways for equitable CDC pension design
The combination of ultra-low interest rates and high longevity is putting a major strain on retirement systems across the globe. A recent report by the World Economic Forum predicts that the global gap between retirement savings and retirement needs will reach $400trn by 2050.
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Features
Briefing: Unfinished business on IORP II
Almost three years on from the effective date for the implementation of IORP II, the directive is still being worked on, amended and adapted by Europe’s regulators. What will 2022 bring for the regulation of the EU’s pension funds?