All Opinion articles – Page 98
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Opinion
Has the role of equities changed in scheme portfolios?
The role of equities is changing in scheme's portfolios. Goodhart Partners' Alan Barlett, Hymans Robertson's Andy Green, JLT's Kieran Harkin, KPMG's Jon Exley and M&G's Aled Smith discuss where value in the asset class can be found.
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Opinion
How can you value equities in the digital age?
The role of equities is changing in scheme's portfolios. Goodhart Partners' Alan Barlett, Hymans Robertson's Andy Green, JLT's Kieran Harkin, KPMG's Jon Exley and M&G's Aled Smith discuss where value in the asset class can be found.
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Opinion
The regulator's anti-avoidance powers have not held corporate activity hostage
Since the Pensions Regulator’s anti-avoidance powers were established in 2004, some industry commentators have predicted the dawn of a new aggressive pensions regulatory regime.
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OpinionEditorial: When is advice not advice?
The great advice versus guidance debate of 2014 is gathering apace. Let us step back for a moment and consider it from the viewpoint of the person on the Clapham omnibus.
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Opinion
Industry reaction to £85bn active-passive LGPS shake-up
The Department for Communities and Local Government has proposed that £85bn held by the 89 local authority pension funds should be moved into a single passive investment vehicle, triggering immediate reaction from consultants and schemes.
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Opinion
Final mastertrust assurance framework released: key points
The Institute of Chartered Accountants in England and Wales and the Pensions Regulator have today released their final mastertrust assurance framework, including reducing the number and detail of control objectives to reduce burden on providers.
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OpinionWebb keen to get the handshakes for Budget pension reforms
Editor's blog: At today's Work and Pensions Select Committee, pensions minister Steve Webb was keen to underline the role of his department in the Budget's smashing of the conventional annuity market.
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Opinion
Criticism of fid man selection and transparency is unfounded
Fiduciary management fees are very transparent, particularly with an unbundled approach. Performance is clearer than with other approaches, as it is shown relative to schemes’ liabilities, and funding levels are closely monitored.
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Opinion
Auto-annuity purchase is dead – here's how providers will respond
What now for annuities? The new pension freedoms mean the days of automatic annuity purchase for defined contribution plans are over.
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Opinion
Why not all asset-backed securities are created equal
The term asset-backed security encompasses a large variety of asset types from around the globe, offering investors a broad range of risk/return profiles.
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Opinion
Lincs defends 'pseudo-passive' equities in fracking furore
Yesterday's Independent newspaper reported Lincolnshire County Council Pension Fund is leading a group of schemes in denying a conflict of interest over its £1.5m investment in French oil company Total, which is exploring shale gas exploration in the area, rendering Lincolnshire the latest scheme to have to defend publicly an underlying investment.
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OpinionEditorial: Picking up the scraps
Much has been made of the gains available for pension schemes willing to buy those assets that banks – constrained by tougher capital requirements – are less able to access.
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OpinionRegulator sets AE lesson with first non-compliance report
Editor's blog: The Pensions Regulator has issued a report on how it resolved non-compliance with auto-enrolment by soft-furnishings company Dunelm, the watchdog keen to set an example for future employers.
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Opinion
PPF: What our levy work means for your scheme
In May 2011 we confirmed a significant development of the pension protection levy with the introduction of the new levy formula.
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OpinionFixed income: liquidity, multi-credit and performance
A panel of experts debate the potential and limitations of multi-asset credit, and how fixed income assets are performing, as well as their risks for pension schemes, in this four-part roundtable.
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Opinion
How is the role of fixed income changing?
Fixed income is no longer simply a matching or diversifying asset for pension schemes. Pan Trustees' Andrew Cheeseman, Towers Watson's Ed Britton, M&G's Richard Ryan, Aviva Investors' Dan James, GSAM's Jeremy Cave and PiRho's Nicola Ralston look at how its role has changed.
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Opinion
Why there is currently not enough infra debt to go around
Is investor demand for infrastructure debt outstripping supply? This question is asked frequently of an asset class that was virtually unknown in the institutional investor market three years ago and is now very much at the forefront for consideration by UK pension schemes.
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Opinion
How to access frontier markets at an affordable level of risk
In the latest edition of Technical Comment, RisCura’s Andrew Slater looks at how schemes can get value from frontier markets in Africa, as investor sentiment shifts away from developed markets.
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OpinionEditorial: Here's the choice you wanted
To annuitise or not to annuitise? The debate rumbles on, with successive reports predicting a fair deal of doom for the vendors of the old normal.
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Opinion
Fund of funds is 'riddled with flaws'
The fund of funds model is not dead yet, but it is certainly not getting better, and I would not want it as co-pilot on my investment journey.