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Investor Profile

Autumnal Danish fund shows spring growth

Innovation is associated more with bold new businesses than gently declining ones, but Denmark’s Lønmodtagernes Dyrtidsfond (LD) is embracing change as it enters its final years. The pension fund’s inevitable disappearance has nothing to do with any lack of competitiveness or poor investment returns – the 9.9-per-cent net return it generated in 2012 is testament […]
Dan BillinghamApril 10, 2013
Uncategorised posts

Robert Merton: the individual plan man

A retirement solution that focuses on outcomes and is customised for each participant cannot be met by existing defined-contribution designs, according to Nobel Prize-winning economist, Robert Merton, who advocates a “next-generation DC solution”. Merton, who is the Massachusetts Institute of Technology Sloan School of Management’s distinguished professor of finance and resident scientist at Dimensional Fund […]
Amanda WhiteAugust 24, 2012
Research

EDHEC-Risk: reform retirement

  EDHEC-Risk Institute has released a study highlighting the need to reform retirement systems and pension funds. The study Shifting Towards Hybrid Pension Systems: A European Perspective also looks at the need to adopt professional management structures and to considerably improve the product offering of defined-contribution funds. To read the paper click here
STAFF WRITERJune 6, 2012
Uncategorised posts

State Street: DC plans better by default?

After seeing more than a decade of change in the role of defined contribution plans in the US, the pace of innovation will continue unabated as funds look to diversify their investment approach and improve fund structures, State Street Global Advisors predicts.
SAM RILEYNovember 9, 2011
Investor Profile

Danish PFA gets going when times are tough

Danish Pension Fund PFA — having survived the financial crisis and boasting a remarkable funding level of 191 per cent — is now providing both defined benefit and defined contribution schemes and offering its investment skills to external clients.
SAM RILEYJune 15, 2011