White papers and reports broadly related to the topic of pension funds in Asia, with a particular focus on Japan, China and Hong Kong. The most read white papers on Asian pension funds analyse the Chinese pensions system, the Japanese pensions systems and pensions systems in East and South East Asia. In particular, a number of articles consider Japan's GPIF (Government Pension Investment Fund) and its management of assets. Further research and surveys consider other aspects of Asian pension schemes; the trends in Asian pension asset allocation, the effectiveness of pension fund governance, pension reform in China and elsewhere, and the trend towards longer-term investing. To search for keywords within the Asian Pension Funds category, use the search bar to the right of this text.
The retirement dream for many is to retire early enough to enjoy the fruits of their labours. The reality however is that for many there isn't enough money in the bank to last the entirety of their retirement. This paper by Citi looks at the scope of the problem both on the private and the public side. The author examines the issue globally then makes some recommendations ...
The 2017 Global Pensions Asset Study covers 22 major pension markets, which total USD 36,435 billion in pension assets and account for 62.0% of the GDP of these economies. China, Finland and Italy were added to this year’s study. A deeper analysis was performed for seven of these markets (Australia, Canada, Japan, Netherlands, Switzerland, UK and US), which comprise 91.7% of ...
This report by The Boston Consulting Group provides guidance for large institutional investors on strategic asset allocation to alternative assets and thinking long-term. It examines the recent investment strategies and management practices of leading institutional investors around the world.
Hear leading asset owners from around the world discuss their views on ESG investing and where the industry is headed. FTSE Russell’s forum on the past-present-future of sustainable investment examines the evolution of investor ESG approaches, and provides fresh insights about investment opportunities and risks from executives across the pension funds industry, including HSBC ...
Japan has for a long time faced twin demographic challenges - a falling birthrate and a growing older population. As a result of the difficulties this creates for pensions, its public pension system is seeking to reform the defined contribution system with the aim of improving the sustainability of its public pensions. Nevertheless, private pensions plans will grow in importance as ...
This study is part of a collection of pension fund governance research projects looking back over a period of 20 years. One of the motivations for this project was the FCLT ("Focusing Capital on the Long Term") initiative launched by McKinsey's Dominic Barton and the CPP's Mark Wiseman. In an article for the HBR, they said asset owners and asset managers needed to ...
Japan faces many retirement challenges. People are living longer, interest rates are at zero, and most personal financial assets are parked in low-return bank deposits. Each of these characteristics lowers the portion of savings a retiree can withdraw each year while safely expecting savings to reach the end of retirement. This portion is commonly known as the “safe ...
This 63-page paper by Standard Chartered examines the growth in ageing in Asia. In the past, ageing was a phenomenon often associated with Western countries but Asian economies are expected to age the fastest in the next phase. The authors of this paper assess the policy responses of countries in the region that most urgently need to tackle challenges related to ageing. They also ...
Around the world, there is a great amount of variance within the asset allocation of private pension plans. A recent OECD publication suggests that equity investements can range from less than 10% (in Japan and Germany) to over 45% (in the USA and Australia). This is one of several essential differences between countries' pension fund allocations. In this report, the available ...
Value investors are currently paying particular attention to Japan because it is the one place in the world where there are plenty of really cheap companies. Recently this attention seems to have proven more fruitful as the economic policies advocated by Japanese Prime Minister Sinzo Abe, popularly known as 'Abenomics' has excited the market. In all the research the author ...
The introduction of the Japanese Stewardship Code has acted as a catalyst in promoting responsible ownership of investee companies by Japanese institutional investors. Over 200 institutional investor signatories proceeded to adopt the Code as of the end of 2016. These trends have further validated the notion that ESG and Stewardship have an important role to play in the effective ...
AIST commissioned Martin Walsh to research international disclosure trends given that Australia is in the process of rolling out disclosure of 'fund of fund' fees and costs. The paper identifies best practice trends in the disclosure of investment fees and costs in the international capital markets. This will provide important context in the development of a next generation ...
Money market funds (MMFs) pool funds in an investment vehicle to invest in short-term, highly rated securities. The MMF sector in China has grown rapidly over the past few years and is now the world’s second largest by assets, though it is small compared with China’s domestic bank deposits. This growth has been driven by investors attracted by high yields relative to ...
This 88-page document by the OECD provides stakeholders (governments, regulations, etc) with a global common benchmark and high-level guidance on the design and operation of private pension systems.
C-Suite Executives from the pension funds industry discuss Sustainable Investment and ESG for the benefit of market participants from across the globe. Hear fresh perspectives from HSBC Bank UK Pension Scheme’s CIO, and CalSTERS and KWAP CEO’s on the past, present and future of sustainable investment.
This paper by Norio Hibiki (Keio University) and Masaaki Ono (Mizuho Pension Research Institute) evaluates a risk-sharing pension plan using the quantitative approach. It sorts out the concept for risk-sharing, and develops a plan design to share risks among the sponsoring company, the active partcipants and the retirees.
This report by Nomura Research Institute recommends conflict-of-interest management methods for Japanese asset management companies, drawing from overseas practices. With many overseas asset management companies likewise members of financial groups, many of their conflict-of-interest management practices should be instructive for their Japanese counterparts.
In April 2016, we published a paper titled “Japan—After the Love Has Gone”—detailing our view that the Japan equity thesis was in transition and recommending an active approach, given our expectation of further uncertainty in the near term. Over recent months, the Japanese equity market has indeed demonstrated above-average volatility, with significant ...
