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 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.
Cashflow matching strategies are customised investment solutions, designed to enable clients such as pension schemes or insurance companies to meet their liabilities. LGIM believes that emerging market fixed income has an important role to play in designing cashflow matching solutions.
Most investment trustees have had successful careers—but not necessarily in the investment field. In their capacities as trustees, they are not responsible for the day-to-day decision making of the funds they serve, but they do bear responsibility for setting investment and governance policy, understanding the fund’s mission…
Typically, institutional investors around the world pursue one of four investment goals: absolute return, liability-driven investment, total return or principal protection. Generally, they choose from four different investment approaches: static tilts, traditional active management, market-capitalization exposures and…
Whether it is the Paris Agreement on Climate Change, the UN Sustainable Development Goals (SDGs) or the aims of the EU High Level Expert Group on Sustainable Finance, one thing is clear, none of these will be achievable without a major redirection of capital by the world's asset owners. Looking at the conditions under which…
Asian pension funds and other asset owners (monetary authorities, central banks, and sovereign wealth funds) face significant short- and long-term threats from water and climate risks. In this brief, we assess the depth of these risks arising from both adaptation and mitigation and discuss how they are embedded in Asian…
This report describes the main quantitative investment regulations that pension funds (or sometimes other pension providers such as life insurance companies) are subject to in OECD and a selection of IOPS Member countries mainly. The survey covers all types of pension plan. Regulations may vary by type of plan (occupational/…
It’s been more than a decade since we first published a paper on the emergence of collective investment trusts (CITs) as a logical choice for many defined contribution (DC) plans. In that time, plan sponsors have increasingly used CITs to lower plan costs and provide transparency to participants. With pressure mounting on…
The age structure of global populations is shifting in an unprecedented way, toward a smaller young-age cohort and a larger old-age cohort. What affect will this have on economic growth, and what are the implications for investors? This paper by Vanguard finds that these demographic trends will have an overall muted effect…
Good governance is crucial to all boards, whether they oversee a multinational corporation, a multi-billion pound pension scheme, or a national charity. There is no one-size-fits-all approach to how boards should be run but we have learned that there are plenty of ways to evolve and enhance effectiveness.
MFS surveyed over 540 asset owners, including DB and DC pension plans, endowments, foundations, and sovereign wealth funds, all of whom had a minimum of $100 million of institutional assets under management. Key themes of the survey include: the demise of the current US bull market, confidence in asset management,…
Can Strategic Asset Allocations Adapt to Markets? Investors in strategic asset allocation models aren’t immune to market drawdowns. This paper shows a path for potentially changing this experience. By using variable beta strategies, portfolio managers can make their allocation models more dynamic without changing their long-…
This report assesses and ranks the responses of the world’s 100 largest public pension funds to climate change, and its implications for savers. The data collected for this survey is arguably the most comprehensive source currently available and covers a range of dynamics and topics relevant for pension funds from a climate…
Climate change presents a potential systemic risk to the financial system. This 60-page guide by the Institutional Investors Group on Climate Change aims to serve as a ‘how-to guide’ for institutional investors who are beginning to construct and conduct scenario analysis.
The Asset Owner 100 is a new Thinking Ahead Institute study which gathers data on the total assets of the top 100 asset owners around the world. The study includes data on pension funds, outsourced CIOs (OCIOs), sovereign wealth funds, endowments and foundations. The largest 100 asset owners in the world represent…
bfinance's 2018 Asset Owner Survey is the firm's largest investor research study to date. It provides invaluable insights into some of the key challenges faced by asset owners around the world. Key themes examined include: entering new asset classes; improving diversification; active, passive and smart beta; ESG in practice…
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