More comment – Page 60
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Opinion Pieces
The growth agenda
The European Commission’s green paper, Long-term Financing of the European Economy, is a rarity– it gets applause from all quarters.
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Opinion Pieces
Letter from the US: Retirement concerns
“Our priority is to be sure that Americans save enough for retirement,” explains CEO and executive director of the American Society of Pension Professionals & Actuaries (ASPPA), Brian Graff. The problem is that Americans are not saving enough, because of the way pension plans are offered and structured, and because of the economic situation.
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NewsThe financial transaction tax: The UK's case
Cécile Sourbès wonders what might come of the UK's legal challenge to the FTT.
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News
A three-step approach to global retirement challenges
Dan Waters offers his thoughts on how to tackle the world’s most pressing retirement challenges.
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Opinion Pieces
Step-change for DC
“Our retirement philosophy is changing the industry”. So says Glenn Dial, head of retirement for Allianz Global Investors (AGI). Dial has been in charge of this business in the US since February 2011, focusing on a target-date strategy that is reinforced by the findings from AGI’s Centre for Behavioural Finance.
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Opinion Pieces
End s-factor blindness
Sustainable capitalism is now in vogue. This is very welcome but advocates would have more credibility and impact if they paid greater attention to the ‘s’ (social) of ESG.
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Opinion Pieces
Felix Goltz, Head of applied research, EDHEC-Risk Institute
EDHEC-Risk Institute conducted a study on corporate bond indices in 2011 to analyse construction methodologies, risk and return properties, and the stability of their risk exposures. Subsequently, EDHEC-Risk Institute organised a ‘call for reaction’ in which it asked investment professionals to give their reactions to the research. Here, we report on the results.
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Opinion Pieces
Anti-SII bloc victory?
The bloc of EU member states opposed to the inclusion of Solvency II-inspired provisions in the planned IORP II Directive, appear to be on the road to victory.
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NewsFive action items for institutional investors
Charles Prideaux lists the five things investors should bear in mind for the rest of 2013.
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NewsRisk models for capital and margin: The need for public standards
To regain the trust of regulators and the public, a common framework is vital.
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NewsWaiting for Gilt yields to rise?
Pension schemes should adopt a more structured approach to hedging, says SEI's David Hickey.
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News
See a storm? Smash the barometer!
Paul Marsh mocks proposal to change liability calculation to improve deficits.
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NewsThe dangers of short-termism in pension policy
Do politicians have the mettle to implement policies that truly benefit overburdened systems?
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NewsSomething rotten: The UMR's failed cross-border plans
The case of UMR's failed cross-border plans may not be about French protectionism after all.
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News
This is big: The growing importance of 'big data'
Benjie Fraser explores the impact of ‘big data’ on Australia’s super industry.
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Opinion Pieces
Put the bee back in beta
What is the price of a bee? And more generally, where does the extinction of bee populations – and with bees much of agriculture as we know it – fit into discounted cash flow and other investment/risk decision-making tools?
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Opinion Pieces
Rhodri Preece, director of capital markets policy, CFA Institute
Does dark trading hurt market quality? It is a question that has vexed policymakers for some time, and has attracted renewed focus recently following certain exchange initiatives to establish non-displayed trading pools for retail orders. Understanding the relationship between dark liquidity and market quality has become central to the debate on market structure as authorities around the world consider revisions to their respective regulatory frameworks. Measures to support fair competition between displayed and non-displayed trading venues should be the focus of those efforts.
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Opinion Pieces
Letter from Brussels: Social and labour issues
Disputes between Brussels and national governments are likely to emerge when the European Commission unveils in June its position on the rules concerning national social and labour law (SLL).
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Opinion Pieces
Big picture questions
BlackRock, the world’s largest money manager, has reached a record $3.8trn (€2.8trn) in assets, about 60% of which is for institutional clients, including pensions. CEO Larry Fink, commenting on his firm’s 2012 results, said that the institutional business will launch a “strategic client programme” this year.
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NewsGilt yield reversion: Fact or fiction?
Gilt yields are like fashion, where themes recur but in an unpredictable way.
