With solvency ratios averaging just 92 per cent, continental Europe’s pension funds are developing new strategies to meet their obligations after a period of disappointing market returns, according to the results of a study by Greenwich Associates. ‘Given that their equity allocations are roughly 20 per cent of their assets, and that fixed-income rates are at or near historic lows, it is difficult for a lot of plan sponsors to see how they will be able to cover their obligations to beneficiaries – except by obtaining large contributions from employers,’ observed Greenwich consultant Berndt Perl. The 282 fund professionals interviewed by Greenwich for its 2003 study of continental European investment management reported that they plan to respond to the solvency issue by beginning to increase equity allocations, stepping up their participation in alternative and international investments and reviewing their use of absolute return strategies for their portfolios. The report also showed that salaries for European investment professionals remained steady last year while bonuses fell slightly.
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more