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Danish pension is gold

Denmark has blitzed the pension-system competition, being awarded the first Mercer Global Pension Index A grading. In the process, it has relegated the Dutch and Australian systems to second and third places, respectively, after four years. Mercer senior partner and report author, David Knox, says the reasons for awarding Denmark the top grade were clear. […]
Investor Profile

Postcard from Japan

For many years Japan has been an insurance-market behemoth and Japan Post Insurance Company is one of the giants with $1.13 trillion. But the industry has not been immune to change. Between 1997 and 2001 seven life insurance companies became insolvent, and there is a question mark over whether it was a low interest-rate environment […]
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Taking the future into account

At the International Centre for Pension Management’s biannual meeting in London, Jack Gray and Generation’s David Blood had a tête à tête on sustainability. An academic at the Paul Woolley Centre for Capital Market Dysfunctionality at the University of Technology Sydney, Gray has written a paper, Misadventures of an Irresponsible Investor, that at its core […]
Investor Profile

Feathering the NEST

In the United Kingdom there are around 1.5 million employers, and it is estimated more than half of them do not offer a pension to their employees. The pension system in the UK is fragmented. There are more than 10,000 mostly defined-benefit plans and, unless you are a government employee or in the high-income bracket, […]
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Kay calls for philosophical shift

In an interview with conexust1f.flywheelstaging.com, John Kay, economist and author of the UK government-commissioned enquiry into long termism and the UK equity markets, has said it is “fanciful to imagine large number of trustees will have the skills and knowledge to have long-term relationships with corporates”. Kay says the key players in the UK equity […]
Research

UK equity allocation falls

Equity allocation by UK pension schemes continues to fall, but the assets are being re-allocated into “everything else except gilts”, according to Mercer chief investment officer, Andrew Kirton. Last year equities allocations by UK pension funds fell by 5 per cent, according to Mercer, as they attempt to deal with the enormous amount of pension […]
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