Table of Contents

Issue Date: Monday, June 29, 2015

News

Lessons for solving the retirement crisis

Lessons for solving the retirement crisis

Money managers and policymakers have to do a better job of understanding demographics before working on retirement solutions, said Amlan Roy, managing director, head of global demographics and pension research at Credit Suisse AG.

More pension funds ponder going in-house

More pension funds ponder going in-house

The need for higher net-of-fee investment returns is driving more asset owners to consider internal management for the first time or for a greater portion of their portfolios.

Corporations face looming pension bills

Corporations face looming pension bills

The pending expiration of federal contribution relief and increasing longevity mean U.S. corporations face the need for large contributions to their pension plans in coming years.

Company stock still a corporate DC staple

Company stock still a corporate DC staple

Company stock has played the most prominent role in the investment menus of the largest corporate defined contribution plans, although DC consultants predict employer stock's influence will decline.

States taking lead in creating plans for private sector

States taking lead in creating plans for private sector

More states aren't waiting for federal policymakers to act and instead are developing their own solutions for private-sector workers whose employers don't offer retirement plans, state and industry officials said. Federal inaction on retirement savings policy is prompting more states to come up with their own solutions, said panelists discussing new developments in defined contribution plans.

Leadership changes announced at P&I

Leadership changes announced at P&I

Pensions & Investments announced several changes in its editorial leadership that were effective June 15.

SEC on defensive following setback on use of hearings

SEC on defensive following setback on use of hearings

An impressive yearlong enforcement winning streak by the Securities and Exchange Commission could come to a screeching halt as the securities watchdog finds itself being forced to defend a preference for in-house administrative hearings over court action.

Tail-risk hedging is back Down Under

Tail-risk hedging is back Down Under

Tail-risk hedging, a hot topic in the immediate aftermath of the global financial crisis, is showing signs of coming back in fashion Down Under, industry veterans say.

Some midsize firms would rather handle data internally

Some midsize firms would rather handle data internally

Midsize money managers are looking within for their data management, countering the broader trend of those firms outsourcing overall middle- and back-office functions.

Investors climbing risk ladder again to enhance returns

Investors climbing risk ladder again to enhance returns

Institutions are again investing in the riskiest real estate as they search for returns, after having moved into more stable, cash-flowing assets following the financial crisis.

SEC tries again to get handle on flourishing market

Will the SEC's recent request for comment on the finer points of exchange-traded products bear fruit?

WAMCO working to regain status with institutions

WAMCO working to regain status with institutions

Western Asset Management Co. is attracting net new assets for the first time in eight years, rebounding from a combination of poor performance and net outflows that reduced the firm's assets under management by almost a quarter after the financial crisis.

Rhode Island takes transparency to new level

Rhode Island's new investment policy requiring transparency from investment managers might lead more public plans to insist on similar openness from money managers, including private equity firms.

Familiar names dominate list of most-used DC managers

Pensions & Investments' examination of the 100 largest corporate defined contribution plans found no surprises among the most-used money managers.

Managers add consulting to grow client relationships

Just as consultants are moving into money management to boost revenue, traditional money managers with expanding alternative investment businesses are adding the notoriously low-profit business of investment consulting.

Plan design facing demographic, investment challenges

Plan design facing demographic, investment challenges

Changes are occurring on both the defined contribution and defined benefit side globally, from new plans that have been introduced to capture non-enrolled workers, to new payout calculations that account for longer life expectancies of plan participants, speakers detailed at Pensions & Investments' Global Future of Retirement conference.

New definition of risk needed in challenging investment landscape

New definition of risk needed in challenging investment landscape

Investors need to be more risk aware and expand their idea of what risk is as they continue to seek returns in a challenging investment environment.

Japan's GPIF to lean on external managers in shift to riskier assets

Japan's GPIF to lean on external managers in shift to riskier assets

Japan's Government Pension Investment Fund will rely on external managers of active as well as passive investment strategies as the $1.1 trillion pension fund continues its seismic shift into higher-risk assets.

Systemic risk: Fink calls for big thinking

Systemic risk: Fink calls for big thinking

BlackRock Inc. Chairman and CEO Laurence D. Fink believes that, when it comes to designating asset managers as systemically important financial institutions, most decision-makers and global regulators are going about it the wrong way.

$4B committed to clean energy

The Obama administration on June 16 announced $4 billion in commitments from the private sector, including more than $1 billion from institutional investors for clean-energy investments.

MIT group advocates divestment

Researchers from Massachusetts Institute of Technology, Cambridge, have issued a report recommending that the school divest its $12.4 billion endowment of certain fossil-fuel companies, said MIT spokeswoman Kimberly Allen.

Sweden to consolidate AP buffer funds down to 3

The Swedish Ministry of Finance announced June 17 it plans to eliminate two of its state pension funds, merging their assets with the remaining three, a news release said.

Perez defends proposed rule over conflicts

Perez defends proposed rule over conflicts

Labor Secretary Thomas Perez defended his agency's proposed new rule to address conflicts of interest in retirement investment advice at a House hearing June 17.

Pressure builds on disclosure

Securities and Exchange officials are coming under increasing pressure to make corporations more forthcoming about what they spend on politics.

P&I gathers experts to talk on the future of retirement

Pensions & Investments on June 14-16 convened asset owners, money managers and thought leaders from around the world in New York for the 2nd Global Future of Retirement conference. Panels and conversations at the event delved into the economy, retirement policy, demographics, investing and plan design.

New Jersey pension contribution fight key in fiscal-year countdown

Heading into the final days of its fiscal year, New Jersey is a state of disagreement about the funding of the $79.2 billion New Jersey Pension Fund, Trenton, and a state of concern for credit-rating agencies.

Public fund assets up

The 100 largest U.S. public employee retirement systems had $3.398 trillion in assets as of March 31, a 1.6% increase from three months earlier, said the U.S. Census Bureau's latest quarterly survey of public pension funds.

Special Report

Global Future of Retirement Conference Roundup

Thought leaders from across the globe came together for the Global Future of Retirement Conference. Learn what they had to share.

Online

At Deadline

Corrections

Frontlines

Editorial

Defying economic reality

Defying economic reality

In embracing legislation to repeal the Multiemployer Pension Reform Act of 2014, the International Brotherhood of Teamsters and other union leaders have put themselves at odds with the retirement security of multiemployer plan participants.

Letters to the Editor

Tradewatch

People Moves