Latest from IPE Magazine – Page 82
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Interviews
How we run our money: Sampension
Henrik Olejasz Larsen, CIO at Denmark’s Sampension, talks to Carlo Svaluto Moreolo about the fund’s bias towards value equities and its diversification strategy
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Features
DB accounting: Lump-sum benefits
Service-defined lump-sum payments are causing accounting attribution problems
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Features
Perspective: UK actuaries and COVID-19 – Exceeding expectations
COVID-19 has brought few positive outcomes but the response from UK actuaries could become a template for bringing other strategic challenges to the fore
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Opinion Pieces
Guest viewpoint: Francesco Curto, DWS
The UK’s report into the Economics of Diversity, the Dasgupta review, highlights that our economic model is not sustainable
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Features
Fixed Income, Rates, Currencies: Rising yields signal reflation
The Federal Reserve has not hinted at its future plans to unwind quantitative easing (QE). However, markets are looking to 2013’s ‘taper tantrum’ for an explanation of the dramatic US-led bond market sell-offs.
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Features
Ahead of the curve: Modelling the unmodellable
In January 2020, the world was on the verge of a pandemic. It would empower the state, increase the might of technology firms, speed up technological adaptation, upend cities and accelerate China’s rise.
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Features
IPE Quest Expectations Indicator - April 2021
COVID-19 vaccination figures are rapidly increasing in Europe despite supply problems. Vaccinations are still restricted to vulnerable groups in many countries although the UK is a notable exception. Some countries have imposed new lockdown measures.
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Opinion Pieces
Capital will drive best practice in reporting
The European Commission’s review of the Non-Financial Reporting Directive (NFRD), scheduled for publication shortly, comes at a time of increased scrutiny of both corporates and those who supply them with debt and equity.
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Asset Class Reports
Asset class report – European equities
The roll out of COVID vaccines has brightened the outlook for European large caps facing a changed landscape
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Special Report
Green and social bonds: Lending with purpose
Social bond issuance rocketed in 2020 in reaction to the devastating social and economic impact of the coronavirus outbreak. New issuers of social bonds – which are dedicated to employment, public health and education – included the European Commission, the Bank of China and a large number of financial institutions and corporations, as we analyse in this report. The report also looks at the role of sustainability-linked bonds in supporting climate transition strategies, and covers plans for the UK to launch its first green Gilt this year.
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Special Report
Special Report – European pension regulation 2021
What are the main regulatory changes affecting Europe’s pensions sector? Our regulatory roundup takes us to key European countries to find out how regulators and politicians are planning to change pensions. This special report also looks at the review of the EU’s Non-financial Reporting directive, for which a legislative proposal is due this month, and explores the impact of Brexit on the UK de-risking market and accounting standards.
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Country Report
Country Report – Pensions in the Netherlands (March 2021)
After decades of intense debate surrounding pension reform, a ‘historic’ deal was reached last year between the social partners and the government about the direction of the new Dutch pension system. The move from defined benefit (DB) to defined contribution (DC) under the new pension contract is having an impact on the sector as a whole. In this report, we explore some of the key issues facing the industry including funding pressures, assessing members’ risk appetite, the future of fiduciary management, and the surge in alternative strategies
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Opinion Pieces
Culture wars pose the greatest dangers
What areas within the increasingly bitter conflict between China and the West are most likely to hit asset owners?
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Country Report
Coverage ratio: Pensions facing contribution hikes
Funding pressures are forcing many pension schemes to increase their contribution levels
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Special Report
Sustainability-linked bonds: More bonds to ease climate transition
Bank of China is the first large middle-income economy to issue transition bonds based on ICMA guidelines
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Special Report
Pensions regulation around Europe
How politicians and regulators plan to change pensions in key European countries
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Asset Class Reports
European Equities – Small caps lead recovery
European smaller companies have proven more resilient against COVID effects than their large counterparts
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Country Report
Risk tolerance: Dutch funds to assess member risk appetite
In measuring their members’ risk appetite as required by new laws, pension funds should not overlook desired pension outcome