All Special Report articles – Page 76
-
Special Report
Top 1000: Ireland - The state steps in
As a new regulatory structure beds down, minor but important changes have been made to reintroduce equity into the pensions system.
-
Special Report
Top 1000: Netherlands - (Another) new FTK
A revised FTK is set for implementation in 2015, and is the prelude to a wide-reaching reform to the Dutch pension system
-
Special Report
Top 1000: Norway - Little interest in hybrids
Hybrid pensions have not attracted very much interest. New mortality tables shine a spotlight on pension providers.
-
Special Report
Top 1000: Spain - Serious about reform
A new round of pension reform, including re-rating the state pension, is just one aspect of the government’s attempt to address the budget deficit.
-
Special Report
Top 1000: Sweden - Spoilt for choice at the regulatory smörgåsbord
Indecision over which entities should be covered by which new European regulation is being addressed by Sweden’s pensions industry and authorities.
-
Special Report
Top 1000: Switzerland - Reforms lack comprehensive support
The government has amended few of its Altersvorsorge 2020 reform proposals following a consultation with the industry.
-
Special Report
Top 1000: UK - A brave new pensions world
Compulsory annuitisation will be abolished and the government is to introduce new defined ambition pensions as an alternative to pure defined benefit and defined contribution.
-
Special Report
Top 1000: Italy - Pensions not prioritised
Pension funds still await a reform of the law that restricts their investments and they remain cautious about SME and infrastructure investments.
-
Special Report
Top 1000: Portugal - Towards sustainability
Raising the retirement age and linking pensions to life expectancy are part of Portugal’s agenda for making its retirement provision more sustainable.
-
Special Report
Pension Fund Governance: A market in maturity
Fiduciary management has come a long way since its introduction in the Netherlands in 2001. Leen Preesman traces the chequered history that has led to six out of 10 Dutch funds, representing €700bn, embracing various forms of the model
-
Special Report
Pension Fund Governance: Independent thinking
As the world gets more complex, professional independent trustees may come into their own. But, as Lynn Strongin Dodds writes, the choices have to be thoroughly considered, and some potentially serious pitfalls avoided
-
Special Report
Pension Fund Governance: Objectives then implementation
Martin Steward talks to Roger Urwin about the thinking behind Towers Watson’s ‘transformational change’ projects with the world’s leading large institutional investors
-
Special Report
Pension Fund Governance: Board effectiveness: From path dependency to integrative thinking
“One of the curses of our industry is path dependency,” says Keith Ambachtsheer, director emeritus of Toronto’s Rotman International Centre for Pension Management (ICPM) and academic director of the Rotman’s Board Effectiveness Programme (BEP) for pension funds.
-
Special Report
Pension Fund Governance: Avoid the bear traps
UK pension funds are increasing governance levels as they implement regulatory guidance on integrated risk management, says Pádraig Floyd. Professional trustees are playing a greater role
-
Special Report
Liability-Driven Investment: Let's get physical
Are low risk-free rates, a greater willingness to take credit and illiquidity risk in matching portfolios and regulatory changes encouraging investors to turn their backs on derivatives and embrace cash-market assets?
-
Special Report
Liability-Driven Investment: Mind the gap
Market conditions over the past six years have increased the necessity of managing bond-swap spread risk in LDI strategies.
-
Special Report
Risk and Portfolio Construction: A corner turned
The consensus is that 2012 saw the trough of the 30-year downdraft in interest rates. Daniel Ben-Ami tests the strength of this conviction and describes the scenarios that could threaten it
-
Special Report
Risk and Portfolio Construction: From solo to tango
As the bond markets move from bullish to bearish, David Turner asks if we need new assumptions about asset class correlations
-
Special Report
Risk and Portfolio Construction: A new era for risk parity
Jennifer Bollen asks whether the end of the bond bull market signals the death of the traditional risk parity model
-
Special Report
Risk and Portfolio Construction: Risk parity preferences
The asset allocation strategy can reduce drawdowns, but doesn’t improve long-term returns, argues Andrew Clare. Moreover, those findings are reversed when risk parity is applied within an asset class
