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,…
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-…
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…
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 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,…
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 largest pension funds totalled US$18.0 trillion in 2018, a fall of 0.4%, compared to an increase of 15.1% the previous year. In 2018 the value of the top 20 funds fell by 1…
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.
Building on the factor analysis work in the preceding section,Nuveen illustrates how a public pension plan can use this work to construct a portfolio with explicit factor exposure targets. This approach can help maximize the diversification benefits of the real asset portfolio. Furthermore, it can be customized to meet the…
The SECURE Act’s new requirement for standardized retirement income projections will present new challenges for your DC plan participants, especially when they realize the stream of income their current assets can support. This link between assets and future income will raise the profile of two conflicting considerations:…
The SECURE Act’s new requirement for standardized retirement income projections will present new challenges for your DC plan participants, especially when they realize the stream of income their current assets can support. This link between assets and future income will raise the profile of two conflicting considerations:…
COVID-19 has caused significant volatility in financial markets, creating headaches for defined contribution pension schemes seeking to deliver robust outcomes. Overcoming this requires a full map of risks along the savings and retirement journey, argues Francois de Bruin.
If someone had told me, late in 2018, that over the next two years we would see forest fires devastate Australian wildlife; witness sightings in the US of a ‘murder hornet’ with the potential to disrupt food supplies; and, tragically, experience the spread of a global pandemic, which would infect two million and counting, I…
This is the Thinking Ahead Institute's latest annual Global Pension Assets Study. It covers 22 major pension markets which now total over US$46.7 trillion in pension assets, an increase of 15% in the 12-month period. The study examines the seven largest markets in more detail (US, UK, Switzerland, Netherlands, Japan, Canada…
Populations are aging across the world. This global demographic shift promises great opportunity—and challenge—in the decades ahead. No institutions have a greater stake in the changing demographic frontier than businesses, large and small, that have an integral role to play in realizing the upside of the new and…
There have been significant changes in the UK pension landscape in recent years following government action to dramatically increase participation rates. The policy of automatically enrolling eligible employees into a pension scheme has tackled some of the structural changes required. However, we can be under no illusion…
This 38-page report has been produced by the American Academy of Actuaries Pension Practice Council. It explains how pension actuaries select or recommend an expected investment return assumption or assess capital market models from an outside party, and may also facilitate discussion with investment professionals to better…
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…
The COVID-19 crisis has added even more complexity to a rapidly-changing super fund sector – and has disrupted or at a minimum delayed the market trends that were becoming established over the last few years. The 2020 KPMG Super Insights Report and Dashboard evaluate the current state of the super industry and considers the…
The PLSA publishes a guidance report for trustees of both DC and DB schemes, which outlines their requirements to publicly disclose their Statement of Investment Principles (SIP), and state how these principles have been implemented.
