Latest from IPE Magazine – Page 86
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Special Report
Defined contribution: The engagement fallacy
The idea that successful defined contribution (DC) pension solutions require a high level of member engagement is being questioned
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Features
Briefing: Japan emerging from its invisible lockdown
Japan is all too often portrayed as being different from other countries. Not just distinctive in the obvious sense that every country has its own national peculiarities. Instead, somehow unique in a way that makes it stand out from every other country.
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Opinion Pieces
Japan is not that different
One of the abiding myths about Japan is that it is different from everywhere else. Not just distinctive in the sense that all countries have peculiarities but uniquely different.
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Country Report
CEE – Croatia: Real diversification
A lack of local diversification opportunities is holding back Croatian pension funds
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Special Report
Defined contribution: ESG not enough to get young on board
Engaging younger savers with their defined contribution pension pots requires far more than just an up-to-date responsible investment policy
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Asset Class Reports
Investment Grade Credit: Always a demand for quality
Capital markets are fluctuating between optimism and pessimism
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Features
Briefing: Still a strong case for US stimulus
The next awaited US stimulus programme remains a mystery. Congress must agree on funding specifics, but the final composition of the Senate will be unknown until this month. Republicans and Democrats have been battling over spending priorities since COVID-19 struck last spring, with competing priorities.
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Opinion Pieces
The real meaning of engagement
Empirical evidence suggests that individuals are unengaged with DC pensions. This is demonstrated by the vast majority of DC members remaining in default funds and reluctant to increase contributions.
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Country Report
CEE – Romania: Funds fight through
Conservative portfolios have served Romanian pension funds well through the crisis
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Special Report
Defined contribution: Australia's super review re-opens old battlegrounds
The Callaghan report on Australia’s universal superannuation system has rekindled a row between the government and the labour movement
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Opinion Pieces
Uncertain conditions call for a steady course
The impact of COVID-19 has made long-term strategies that embrace resilience a high priority for pension funds to ensure there is a smoother ride during turbulent times.
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Country Report
CEE – Estonia: Preparing for a liquidity storm
A rule allowing early withdrawals is changing the dynamics of the Estonian pension business
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Features
Biodiversity can be measured
Last year was clearly the year of the pandemic. Perhaps the connection between zoonotic disease and biodiversity loss may explain why it has also been the year that biodiversity has become a theme of great interest for investors. Yet current environmental, social and governance (ESG) data and metrics do not cover biodiversity adequately.
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Features
Long term matters: What kind of decarbonisation matters most?
This article was written on the fifth anniversary of the Paris Agreement. In 2015, the world committed to keep warming below 2°C, meaning decisive annual reductions in greenhouse gas (GHG) emissions. Instead we have had a 7% increase in GHG since 2015 and are on track for about 3°C warming with a high risk of irreversible tipping points.
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Interviews
Exit Interview: Peter Borgdorff - “I wasn’t the specialist… and I think that was my advantage”
Polder in the Netherlands is the low-lying land reclaimed from the sea. By extension, it also refers to the highly developed social contract system between politics, business and labour.
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Interviews
Exit Interview: Jordi Jofra - Still thinking outside the box
It is well into Spain’s lockdown and Jordi Jofra is ensconced in a village 40km from his former office in Barcelona. One of his lockdown boxes ticked has been to finish reading Men without Women, Haruki Murakami’s best-selling collection of short stories on men and alienation – perhaps appropriate for the times.
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Opinion Pieces
Guest viewpoint: Jesper Kirstein
In recent months, the asset management industry has been dominated by adjustments inspired by the COVID-19 pandemic. This article will try to look beyond this and address the question of where the asset management industry is moving in the medium to long term.
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Interviews
On the record: Search for robust equity portfolios
IPE asked two investors how their equity portfolios are positioned
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Interviews
How we run our money: BT Pension Scheme
Frank Naylor, CIO of the UK’s BT Pension Scheme, talks to Carlo Svaluto Moreolo about building a resilient portfolio
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Features
ESG: Engaging with sovereigns
One of the narratives and unfolding developments in the world of ESG is that of its broadening to asset classes beyond public equity. This generally keeps the focus on corporates, however, while another emerging strand is about sovereign issuers.