All Pensions articles
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White papersHow private corporate debt can help pension schemes meet their long-term goals
Lately, there has been renewed interest to get deals done and enter into negotiations on new investments as private credit markets re-open following a period of relative stability and reduced volatility in publicly-traded markets.
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White papers
Optimizing pension plan outcomes using public and private real assets
Allocating to real assets is rarely straightforward, and investing in them is often considered a trade-off between performance and liquidity. Our latest paper offers a framework to help investors with those concerns and the key considerations when selecting public versus private investments.
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White papers
Seeking income – the case for investing in private corporate debt
Pension funds with current cashflow requirements depend on a steady stream of payouts, but face a number of unique challenges in their search for income against a backdrop of lower-for-longer yields and volatile investment conditions brought on by the COVID-19 pandemic.
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White papers
Amundi 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
Appraising home bias exposure - Mexico
Despite the increased integration of the world’s economies and financial markets, studies show that pension funds worldwide continue to skew their portfolios to domestic securities. This paper examines the investment effects of home bias in the equity allocations of the Mexican pension fund market:
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White papers
Creating Resilient Pension Portfolios Post Covid-19
Covid-19 is a ‘once in a hundred years’ cataclysmic event. Superlatives that do it justice are hard to find.
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White papers
The client lens: An interview with Faith Ward
Brunel Pension Partnership’s chief responsible investment officer discusses climate change, greenwashing and the urgent need to repair flaws in the financial system.
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White papers
Mercer CFA Institute Global Pensions Index
Pension systems around the world are facing additional pressures in 2020. The widespread economic impact due to COVID-19 has had both immediate and long-term implications for retirees.
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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
Just what the doctor ordered
When you’ve got a sore knee, you don’t go see a brain surgeon.
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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
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.
