Pension Fund Management
| 13 January 2010
This research examines the effect of tail risk, or extreme risk, on pension funds, concluding that all extreme scenarios have an immediate negative impact that can significantly jeopardise the smooth functioning of a pension scheme, probably as much as the other non-extreme risks.
| 02 December 2009
Pension funds in Australia allocate a higher proportion of assets to shares than pension funds in any other country, according to a survey which looked at the asset allocation of pension funds in selected OECD countries.
| 19 August 2009
In seeking to minimise pension risk, many companies have chosen to freeze or close defined benefit pension plan in the hope such an approach might give them time to adjust and increase corporate value. In a recent article published in the Financial Analysts Journal, Brendan McFarland, Gaobo Pang and Mark Warshawsky examine the impact of freezing or closing a defined benefit plan on the sponsoring companies' market value.
| 12 August 2009
Governments are among the few agencies that can help the private sector hedge against the increasing problem of aggregate longevity risk. David Blake, Tom Boardman, Andrew Cairns and Kevin Dowd from the Pensions Institute at Cass Business School urge governments to issue longevity bonds as soon as possible
| 22 July 2009
The financial crisis has placed defined contribution (DC) pension
provision firmly under the spotlight. The dramatic falls in fund values
observed for most members during 2008 have been drawing attention to the risks
inherent in DC pension provision and focusing attention on how employees,
employers and plan fiduciaries can better manage their DC pension plans. In this paper, Watson Wyatt explores the future of DC governance.
| 24 June 2009
In the US, defined contribution plans have grown in importance but are relatively new to economic and regulatory uncertainty. In an environment such as this, Watson Wyatt suggests specific practices for managing
fiduciary liability and optimising plan value for participants, with the
possible result of revising the plan’s investment structure.
| 05 May 2009
This report from the OECD steering committee on corporate governance attributes a great deal of the financial crisis to failures and weaknesses in corporate governance arrangements.
| 24 March 2009
Casey Quirk has released its inaugural Global Asset & Flows Review, powered by eVestment Alliance. This new publication, issued quarterly, provides key information about estimated assets under management and net new inflows reported by fund managers worldwide, with a particular focus on the U.S. institutional fund management marketplace.- Institutions worldwide rethink passive exposures: Towers Watson...
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