OECD

Pension supervisors and regulators looking to take a risk-based approach to monitoring pension schemes now have a toolbox of best practices thanks to a new report by the OECD and IOPS.

SPAIN - Spain needs an "urgent" overhaul of its pension system and may have to raise taxes to tame the euro-region's third-biggest deficit and avoid a jump in corporate borrowing costs, the Organisation for Economic Cooperation and Development said.

FRANCE/NETHERLANDS - Dutch pension fund manager PGGM is researching ways it can transfer longevity risk off its balance sheet, managing director Erik Goris said.

FRANCE - Dutch regulations are "killing" pension funds by using a discount rate that forces them to de-risk, said Anton van Nunen, director of Van Nunen & Partners.

The Organisation for Economic Co-operation and Development plans to start its research on managing longevity risk in January, and could propose governments issue life expectancy indexes.

Morningstar's quantitative research director, Paul Kaplan speaks about the firm's new quantitative model, Markowitz 2.0, and the evolution of modern portfolio theory.

FRANCE - The Organisation for Economic Co-operation and Development (OECD) plans to start its research on managing longevity risk in January, and could propose governments issue life expectancy indexes.

FRANCE - Morningstar's quantitative research director, Paul Kaplan speaks about the firm's new quantitative model, Markowitz 2.0, and the evolution of modern portfolio theory.

How convenient for governments carrying out austerity measures that there happens to be a pot of gold lying around.

EUROPE - Europe needs to cut its pension deficits or risk prolonging the region's debt crisis as investors punish governments that don't force citizens to work longer, said Finnish Finance Minister Jyrki Katainen.