All Pension Fund Management articles
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White papersAmundi Pension Fund Letter N 10
Today, investors have a unique opportunity to observe the spreading of a real virus alongside the viral nature of financial markets and the real economy. As Nobel Prize-winning economist Robert Shiller points out in his book, “Narrative Economics: How Stories Go Viral and Drive Major Economic Events”, stories and images are created around new economic events1. In some cases, these stories are memories of the past and their spreading can have major implications regarding performances of economies and financial markets.
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White papers
When equity becomes debt: The untapped potential of amortising-lease real estate
Pension schemes seeking alternatives to bonds may find amortising leases a compelling option, writes Luke Layfield.
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White papers
Pensioenfunds Detailhandel: Aligning its equity investments with the UN Sustainable Development Goals
It’s a challenge faced by a growing number of pension funds: matching the values and concerns of their members with a rigorous, financially robust investment strategy. In this Q&A, Pensioenfunds Detailhandel’s, one of Netherlands largest pension funds with €28 billion in AUM, head of investments Henk Groot explains how the Dutch pension fund married the SDGs to its return objectives.
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White papers
Considerations for DC Pension Funds: Investing in Global Real Estate
In 2019 The Department for Work and Pensions (DWP), HM Treasury and the Financial Conduct Authority (FCA) consulted on Defined Contribution (DC) schemes reporting on their policy for investment into illiquid asset classes.
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White papers
Cash flow matching through a crisis
As defined benefit pension funds mature, their need for cash-generating investments only increases.
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White papers
The Covid-19 crisis: two sides of the same coin for pension funds
From a long-term investment perspective, the unprecedented global crisis caused by the Covid-19 pandemic brings along both challenges and opportunities, which constitute two sides of the same coin for institutional investors such as pension funds.
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White papers
Why pension funds should consider impact investing
Besides supporting pension funds in achieving their financial goals, impact investing helps them to meet the growing appetite for integrating sustainability into their portfolios.
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White papers
Defined Benefit pensions de-risking: A covenant and investment view
In the midst of the COVID-19 shock, Felix Mantz from Lincoln Pensions and Joachim Sudre from Aviva Investors explore how defined benefit pension schemes should plan their journey towards an end game and adopt a more holistic approach to risk.
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White papers
Webinar: Climate change challenge: How can the TCFD help pension schemes?
How can pension schemes start actively assessing, managing and reporting their exposure to climate change?
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White papers
Investment Update: Gold, an efficient hedge
The benefits of certain portfolio hedges came into clear focus during the 2008-2009 financial crisis and did so again during the subsequent European sovereign debt crisis, the 2018 December stock market pullback and the most recent COVID-19 pandemic.
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White papers
Aviva Investors and Lincoln Pensions DB De-Risking Webcast
DB pension schemes are slowly but surely heading towards their endgame. The uncertain cost of pensions continues to put pressure on sponsor companies, while trustees must adapt to ever-changing regulations and challenges.
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White papers
Case Study: Making pensions funds more climate resilient
Merseyside Pension Fund (MPF) has £8.9B in assets and nearly 140,000 scheme members.* Over recent years, MPF has sought to future-proof its pension promises against the systemic risks posed by climate change. Specifically, MPF wished to integrate sustainability parameters into the fund’s investment beliefs and policies.
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White papers
Podcast: Pension funds should stay focused on long-term goals
Funding levels, asset allocation bandwidths, liquidity – all factors that concern pension funds in the current volatile market environment. Although it is difficult not to be affected by day-to-day developments, pension funds generally have long-term goals and strategic asset allocation plans that have been thoroughly stress tested. However, plummeting stock prices have caused many funds’ fixed income/equity balance to shift beyond their investment bandwidths. So should they be looking to buy equities and readjust their portfolios?
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White papers
Capital Formation: Investing Pension Contributions in Private Markets Responsibly
Based on workshops held across Europe, CFA Institute research identifies the capital formation opportunities and challenges for DC pension schemes amidst calls for greater private market access in Europe.
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White papers
Appraising home bias exposure - Switzerland
Studies show that pension funds worldwide continue to skew their portfolios to domestic securities. This paper explores the investment impact of the persistent home bias in the equity allocations of the Swiss pension fund markets since the global financial crisis.
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White papers
Opportunity exists for US, UK and Canadian pension funds who are prepared to de-risk
We recently witnessed the end of a very important moment, when US, UK and Canadian pension funds were simultaneously at the best funded status they had experienced in ten years. At the same time, all three markets had new entrants in pension insurance and reinsurance with ample insurer capacity, vibrant price competition and attractive buy-in and buy-out pricing. Additionally, seven years of lower than expected longevity improvements meant the lowest liability pricing from insurers and reinsurers in over ten years.
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White papers
Blog | How home bias hurts European investors
We recently blogged about the negative impact of home bias on equity returns for institutions based in North America, Japan and Australia since the global financial crisis.
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White papers
Spotlight on listed infrastructure - The attractions to pension schemes
Infrastructure typically gives investors access to regular, reliable and secure cashflows that grow over time and thus provide some protection from inflation generated from real, physical assets.
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White papers
Appraising home bias exposure: Eurozone
This paper explores the investment impact of the large and persistent home bias in the equity allocations of the five largest European pension fund markets since the global financial crisis.
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White papers
Spotlight on listed infrastructure - The attractions to pension schemes
Infrastructure forms the backbone of any economy, providing essential services to individual communities and the country at large. For some time, the sectors and businesses that are considered to be infrastructure have been expanding and evolving, beyond what are regarded to be traditional areas.
