White papers and articles discussing issues related to investment consulting and actuarial consultants. The most recurrent theme amongst our top papers is the subject of delegated investment management services, with fiduciary management surveys and reports on investment outsourcing (OCIO) being frequently downloaded. Reports on the role of investment consultants in...
manager selection have also proved popular, covering topics such as investment consultants' recommendations of fund managers, investment consultant alpha, and how to get on the approved list of managers for selection. Other top research in this section covers trends within the investment management industry, actuarial assumptions, and the role that investment consultants play in alternative investments. Further documents consider the risk tolerance of boards, institutional decision-makers, fee structures and risk premia.
This paper draws on the perspectives and experience of McKinsey consultants who advise investors, and other sources from around the world. It is written by practitioners in McKinsey’s global investor-focused practices, including those serving asset managers (private equity, real estate, infrastructure, traditional asset/…
To better understand how Environmental, Social and Governance (ESG) factors could be a new performance marker and a growth driver in this environment, The Economist Intelligence Unit (EIU), sponsored by UBS, conducted a survey of institutional investors globally. The survey provides a detailed look at global trends in…
The first part of the paper presents an overview of public pensions in developing countries. It illustrates the impact of ageing on sustainability and the adequacy of pay-as-you-go plans, along with some suggestions for the future of state pensions. In the second part, the paper focuses on private pension systems in the…
The Impact Invest Institute developed four guiding principles for pension schemes that give an accessible, practical insight into the opportunity presented by impact investing and the concrete steps trustees can take to pursue an impact investing strategy. The Principles were designed and tested through consultation with…
Norges Bank, the formal name for Norway's Government Pension Fund, performs a global literature review on portfolio delegation and examines the impact of benchmarked compensation on manager incentives, portfolio choice, and asset prices.
Target Date funds and behavioural economics have helped to shape defined contribution (DC) funds.The future of defined contribution retirement savings will always be marked by two key concepts: putting individual investors first when designing plans, and constantly innovating. In these next series of podcasts PGIM will…
Analysts expected global wealth to contract due to the Covid-19 pandemic. But instead of shrinking, global financial wealth soared, rising over 8.3% over the course of 2020 to reach an all-time high of $250 trillion.
Harvesting alpha through active management is a prominent method for asset owners to outperform their strategic asset allocation (SAA) and achieve their investment goals. For asset owners or consultants advising asset owners, finding outperforming managers ex-ante is a difficult task. In this paper, Nissay introduces some…
This guide is designed to provide practical information relevant to plan sponsors, human resources and finance officers and personnel, advocates, employees, investment advisors, legal scholars, and others. The guide aims to address misconceptions related to the use of Environmental, Social, and Governance (ESG) funds in…
Karl Rogers, Managing Partner and Co-Founder of Athlon Family Office, addresses manager selection observing that choosing to allocate to a manager based on outperformance in an extreme year tends to lead to negative performance versus the benchmark over the following three years.
During this webcast, CAIA addresses the story beyond the numbers of the manager selection process both globally and within the African continent. The "Africa Rising" narrative has been phenomenal for the African continent and has led to several transformational developments. Africa continues to attract foreign…
Leading pension investment experts share a candid discussion on the investment repercussions of the recently passed Butch Lewis Emergency Pension Plan Relief Act of 2021 and the American Rescue Plan Act of 2021 (ARPA). The panelists also discuss the financial impact of the Acts on multi-employer pension plans as well as…
Hybrid retirement plans for state and local government employees are not new, but have received increased attention in recent years as jurisdictions have sought to modify retirement benefits, whether for cost concerns or other objectives. This report provides an overview of the many aspects of hybrid plan design so that…
Longevity risk and related capital market solutions have grown increasingly important in recent years, both in academic research and in the markets the PI refers to as the Life Market, i.e., the capital market that trades longevity-linked assets and liabilities. Mortality improvements around the world are putting more and…
This guide from Sackers focuses on the disclosure aspects of ESG and climate change, reflecting on the raft of new climate reporting obligations being introduced this year under the Pension Schemes Act 2021. A series of timelines for DB and DC schemes of different sizes is included together all salient points related to…
