A roadmap for culture and purpose

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Are Canada’s pension bosses paid too much?

Are Canada’s pension bosses paid too much?

Canada's public pension funds pay their executives huge salaries. But as performance continues to trail benchmarks, salary levels are coming under more scrutiny. Sarah Rundell takes a deep dive into the complex world of how to incentivise and reward pension fund executives.

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Japan’s GPIF under spotlight following plans to expand manager pool

Japan’s giant GPIF will expand its manager pool and eliminate certain criteria used in selecting asset managers, a move that comes as the country’s Prime Minister Fumio Kishida aims to elevate the standard of the country’s asset owners, and build Japan into a wealth management powerhouse.

Real estate drags for Swiss fund MPK but climate proofing gathers momentum

Migros-Pensionskasse (MPK) the CHF28.2 billion ($30 billion) pension fund for Switzerland’s largest retailer, Migros, has done much to reduce emissions in its real estate allocation. But balancing adding value with the cost of integrating sustainability is a challenge.

What global asset owners should do beyond International Women’s Day

International Women’s Day has come around again and still the stats are not good. The pay gap still exists, there are still too few women in C-suite positions and women have less savings in retirement. So what are you going to do about it?

CalPERS board set to take back control of discount rate

The CalPERS board is likely to wrestle back control of setting the pension fund’s discount rate, a process that has been done automatically since 2015. Board member David Miller amongst others said this investment rate of return shouldn’t "just happen" as a matter of course, without them stepping in.

Illinois Treasurer Frerichs: Why a sole fiduciary model works

Illinois Treasurer Michael Frerichs bats away criticism that the sole fiduciary model is outdated, arguing it is possible to wear a fiduciary and political hat if your sole purpose is to serve the people of the state.

The value of diversification at Finland’s Varma

Markus Aho, chief investment officer of the €57.4 billion Finnish pension fund, Varma, explains how the fund’s diversification with a large equity allocation balanced by hedge funds, fixed income and real assets has meant it has been resilient to the increasing investment challenges.

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