Articles and white papers for pension funds. The research in this category covers both defined benefit and defined contribution pensions funds worldwide. The most popular papers in this category tend to cover either the asset management of DB pension plans, or the design of DC pensions plans. For instance, on DB pensions, the most popular papers are...
a KPMG Survey of Liability-Driven Investing, a guide to re-orient investment strategy to the long-term, a study on allocating to infrastructure investments, and a framework to evaluate de-risking strategies. Whereas the most popular DC papers in this category cover selecting a default glide-path and DC design around the world. Most papers in this section are aimed at pensions managers and trustees, such as a paper on international pensions governance trends, and a guide to investment management agreements. For listings of more specific content - either by country or by DB/DC - please click on the appropriate section in the main menu.
Every quarter, our Content Team curates a unique list of the best asset manager salary surveys from around the world, providing our members with information on benchmark salaries for investment management professionals. These fund manager salary surveys cover a wide variety of roles within the asset management industry,…
This report by the Thinking Ahead Institute provides detailed analysis of the world's largest pension funds. Assets under management (AUM) of the world’s 300 largest pension funds totalled US$19.5 trillion in 2019, a gain of 8.1% versus the previous year. Defined Benefit pension assets account for 64.2% of this total. U.S.…
The key theme of this year’s report, the ‘S’ pillar of ESG (environmental, social and governance) investing, is highly pertinent. As politicians and policy makers across the world aim to ‘build back better’, Create-Research and DWS believe they need to take the time to fully understand the social part of ESG.
This annual survey report by the OECD is the sixth since the data collection exercise was first established in 2011. The scope of this report covers more than 100 public and private pension funds from 46 countries. Brazil, India, Indonesia, Malaysia, Nigeria, the Russian Federation, and South Africa are amongst the non-OECD…
Dimensional Fund Advisors study the performance of different investment and spending strategies for retirement. Investment strategies include wealth-focused glide paths that combine equities with short-term, high-quality fixed income. They also consider an income-focused glide path that combines a moderate equity allocation…
In a world of low return expectations and even lower interest rates, pension plans are re-evaluating their portfolios, looking for alternative ways to achieve return targets and improve funded status. Diversifying portfolios with real assets helps address these challenges. Real assets may reduce portfolio volatility, enhance…
Is your plan cash-flow negative? Is it underfunded too? This paper breaks down alternative cash-flow sources – equipped to serve short- and long-term funding needs. Explore the potential benefits of a cash-flow-driven investment (CDI) framework that includes cash-flow-aware growth assets – especially those with an explicit…
Pension money has power. But deciding how to use it isn’t easy. That’s why, in 2021’s ESG member survey, LGIM asked savers if COVID-19 trumps climate concerns, whether to engage or exclude, and which generation is greener than ever.
Institutional portfolios such as corporate pension plans are increasing allocations to illiquid private assets seeking better returns and diversification. However, as allocations increase, a portfolio’s liquidity structure changes, sometimes abruptly. How can a CIO increase their confidence with private asset allocations and…
Nuveen examines ways corporate pension plans at all funding levels can optimize their approach to portfolio construction and identifies how factor exposures and asset allocations shift when applying a factors-first approach.
No one was ready for 2020, but investors can be prepared for 2021 and, ultimately, look to a future envisaged before the pandemic hit. PGIM’s Annual Best Ideas: The Future in Focus, sheds light on the opportunities that they believe are worth watching in 2021.
Pension regulations in the Nordic countries and the Netherlands are similar to insurance regulation in the European Union. Solvency capital (SC) required for credit risk in corporate bond portfolios is close to its economic risk, while solvency capital for equity risk does not distinguish at all between low-risk and high-…
This is the second year that DWS has sponsored this report by CREATE-Research. Amongst other insights, this year’s survey confirms the on-going movement of passive investment into the mainstream with 66% of survey respondents considering passive index investing as a mature part of their portfolio.
Is your plan cash-flow negative? Is it underfunded too? This paper breaks down alternative cash-flow sources – equipped to serve short- and long-term funding needs. Explore the potential benefits of a cash-flow-driven investment (CDI) framework that includes cash-flow-aware growth assets – especially those with an explicit…
To supplement retirement benefits received from public and private pension systems, individuals need to make voluntary contributions and decide how to efficiently invest these contributions. In this paper, the authors analyse the problem of how to secure minimum levels of replacement income in retirement while offering…
In BlackRock's investment themes for 2020, revised after the Covid-19 pandemic took hold, they put forward a series of recommendations for plan sponsors in dealing with decreasing contributions, rethinking the balance of credit and treasuries, and instituting best practices in rebalancing and managing liquidity. Acting on…
2020 was an unprecedented year for public pension investors. The market shock from COVID-19 and the subsequent snapback in the price of many risk assets had provided a real-time test of plans’ strategic asset allocations and their approach to rebalancing.
The Global Pension Assets Study covers 22 major pension markets (the P22), which now totals US$52,522 billion in pension assets and account for 80% of the GDP of these economies. The study includes an analysis of the seven largest markets (the P7) which includes Australia, Canada, Japan, Netherlands, Switzerland, UK and US…
The Defined Contribution (DC) market is evolving and many plan sponsors are looking at innovative solutions to support their participants' retirement savings needs. Yet, many sponsors are looking for further support to help them implement and are thus evaluating OCIO (Outsourced Chief Investment Officer) solutions. The use…
The number of public companies listed on public equity markets worldwide has experienced a significant decline in the past few decades. This development may reduce investment options and expected returns for retirement portfolios. One policy proposal being considered in many jurisdictions is to allow pension schemes,…
