Master trusts must lower variance in investment returns and bring fees down, UK commission says
The UK’s second pensions commission has found that savers with similar outcomes can pay fees ranging from about 0.1 per cent to more than 0.5 per cent depending on their employer
Why pensioners think Dutch pension reforms are a work in progress
Koepel Gepensioneerden, the largest advocacy group for senior citizens in the Netherlands, says the landmark pension reforms which kicked off this year still need work to avoid disadvantaging pensioners
Railpen investment boss on plans to double infrastructure exposure
Mads Gosvig, the chief officer of pensions investment management at Railpen wants to see the $46bn fund’s investment in infrastructure to go up from $1.3bn to $2.7bn over the next five years
Hermes hits back at pension fund in $136mn legal claim
The asset manager has said the legal claim by the North East Scotland Pension Fund - which centres on investments in wind farms which lost 83 per cent - is based “entirely on hindsight”
Why the UK and the Dutch have taken two very different approaches to collective pensions
The UK has become one of the few countries where collective defined contribution pensions exist. How does the way it is approaching CDC compare to the approach taken in the Netherlands, where these funds have been common?
Irish pension funds latch onto consolidation craze
The Irish pension system is entering a phase of consolidation, which is currently taking place organically. But experts predict this will not last long and the republic’s government will soon intervene to speed things up
$54bn UK master trust catches American cold over ESG policy
The People’s Pension, which manages $54bn in assets, has recently made its policy on responsible investing less ambitious following an ‘in-depth review’
Swedish asset owner's relationship status with fund manager gets complicated
FTN, the Swedish fund selection agency, has removed one of its most popular global equity funds from its platform - a move which has triggered a court battle with the fund management company
Iceland is lifting its cap on foreign assets. How are its pension funds reacting?
Following the 2008 Icelandic banking collapse, the country’s pension system imposed a cap on foreign assets which is now gradually being lifted. We speak to Iceland’s largest open pension fund about it
What happens next after UK’s pension pooling deadline?
Since April 1, all fund assets in the UK’s $533bn Local Government Pension Scheme should - in theory - be managed at the pool level, with the pools becoming the primary providers of investment advice. But has this happened in practice?
How Colombia’s pension system is integrating crypto
Colombia’s pension funds are making crypto increasingly available to investors in a bid to widen the array of options available to them, making it one of the earliest adopters in Latin America of this asset class
How Sweden’s pension consolidation is leading to a change in investment approach
Sweden’s pension system is going through a process of consolidation, which for some funds like AP2 means a change in investment approach
Tension at the heart of UK government pension reforms
The British government’s local government pension scheme reforms have been largely carried out with the intention of creating bigger pools of capital to grow the UK economy. But there is a tension at the heart of these plans: while the government wants to replicate Canada’s Maple 8, which operate like private equity houses to invest globally, it is also instructing the LGPS to invest locally.
Scrap the LGPS for a SWF?
Last month, Reform UK’s deputy leader Richard Tice announced that a Reform government could transform the UK Local Government Pension Scheme into a £500bn sovereign wealth fund, while scrapping defined benefit pensions for incoming civil servants. But could the LGPS actually be converted into a sovereign wealth fund?
Making British pensions Canadian
The British pension system is trying to reconfigure itself with something of a Canadian flavour, that means bigger funds, investing in private assets through in-house teams. We speak to Leandros Kalisperas, chief investment officer at the British Business Bank, about how pension funds in England and Wales can get there.
Are Dutch pension funds warming to indirect crypto? Not entirely
Indirect crypto exposure among Dutch companies, institutions and households has grown rapidly, with Dutch pension funds holding the largest shares. But with wariness around the asset persisting, those who have committed remain elusive.
BCPP to shake up global equity manager selection
Ryan Boothroyd, Border to Coast Pension Partnership’s head of external management, explains to AOX how the changing macroeconomic environment since 2022 means he will start taking a different approach to selecting the global equity managers he works with.
Calpers CIO sets out progress on total portfolio switch
Calpers chief investment officer Stephen Gilmore explains to AOX what stage the $563bn pension fund is at in its transition to the total portfolio approach and how it is handling some of the potential risks
To what extent do pensions invest domestically?
Given the rising tide of economic nationalism, is there anything we can learn from the extent to which pensions around the globe invest in their national economies? Perhaps there is.
British pensions feel government 'pressure' over pooling
Two of Britain’s local government pension scheme funds explain why they felt ‘soft government pressure’ to join a pool which was not their first choice