Latest analysis – Page 12
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Opinion Pieces
News Notes: Worth de-risking it all
Several advisers in the UK are predicting 2022 will be the biggest pension scheme de-risking year yet.
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Features
Perspective: La dolce pensione
Italy may be on the verge of overhauling its pension system, but there are signs the reform project lacks ambition
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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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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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Opinion Pieces
News Notes: Economies of cost saving
The three main reasons the UK government requested that the country’s 89 Local Government Pension Schemes (LGPS) pool their assets back in 2015 were: establishing common investment vehicles to provide the pension funds with a mechanism to access economies of scale; helping them to invest more efficiently in listed and alternative assets; and reducing investment costs.
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Features
Perspective: Sweden reshapes national ethical stewardship
The Swedish buffer funds are taking stock as the long-standing secretary general of the Council on Ethics steps down
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Features
Research: DB plans caught in a Catch 22
Pascal Blanqué and Amin Rajan argue that a toxic confluence of demographics, regulation and interest rates are undermining the finances of pension schemes
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Analysis
Analysis: Nordic pension funds see soft landing for inflation, but remain wary
AP1 expects opportunities to arise, while Oslo PF chief has ‘never been so concerned’
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Analysis
Analysis: Mixed response to draft TPR notification regulations
Proposed regulations introduce new employer-related notifiable events and bring forward timing
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Features
Perspective: Songs strike a chord
A welter of recent private market deals and artists’ catalogue sales have moved music income strategies into the mainstream
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Features
Research: A new understanding of investor satisfaction
Compelling statistics highlight the differences in the economic value of service quality in institutional markets
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Opinion Pieces
Pension funds should seek fee reductions in private markets
Pension fund investment in non-listed assets has grown considerably since the 2008 global financial crisis.
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Opinion Pieces
Consultants’ education role in net-zero world
Investment consultants play a crucial role within the savings and investments arena. They provide strategic advice to asset owners (pension funds, sovereign funds, endowments, insurers, and others) relating to strategy, asset allocation, asset manager selection and – now more importantly than ever – investment beliefs.
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Features
Agriculture: Time to rethink farming
The latest report from the Intergovernmental Panel on Climate Change (IPCC), released in August, provides grim reading. According to the summary for policymakers: “It is unequivocal that human influence has warmed the atmosphere, ocean and land. Widespread and rapid changes in the atmosphere, ocean, cryosphere and biosphere have occurred.”
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Opinion Pieces
Notes on the Nordics: Moves may set up net-zero goal for GPFG
Two events have happened in quick succession that increase the chances of Norway instructing its huge sovereign wealth fund to push for net-zero greenhouse gas emissions in its investment portfolio.
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Features
Accounting: A costly mistake
Maybe you missed it. Or perhaps you were stuck in some interminable queue at an airport. But the United Kingdom’s audit watchdog revealed in August that a disciplinary tribunal had slapped audit giant KPMG with a £13m (€15m) fine, parked it on the naughty step with a severe reprimand, and ordered it to conduct a series of reviews into what went wrong.
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Features
Perspective: Time to weigh collective DC
The UK finally legislates for a collective alternative to pure DC. But will employers be interested?
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Analysis
Analysis: German election points out pension policy lines in possible govt coalitions
For a traffic light alliance or a Jamaica coalition the subject of pensions will not be a top priority
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Features
Africa’s challenge for Europe
“Europe needs to create a new ‘spice route’ through Africa to the markets of Asia”. That was what Martin Schoeller, managing director of the Schoeller Group, a diversified services company with a focus on sustainability, told me in a discussion on the need for greater European investment in Africa.
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Features
Perspective - After Merkel: in search of a new model for pensions
Germany’s new government will feel the pressure to transform the pension system. Some parties have embraced new funded concepts and have put forward credible ideas