Op dinsdag 17 mei 2011 vond het seminar 'Scenario's voor klimaatverandering - implicaties voor strategische asset allocatie' plaats in het Drijvend Paviljoen in Rotterdam. Deze dag stond in het teken van de invloed van klimaatverandering op beleggingen van pensioenfondsen.
Jelle Beenen was de dagvoorzitter en gaf tevens samen met Will Oulton (UK office) een presentatie over het rapport 'Scenario's voor klimaatverandering' dat onlangs is verschenen.
Dividend Weekly No. 27 2013 - World Yield ReportDividend Yield
The Dividend Weekly is a weekly published Fact Book with focus on dividend stocks. With this book, investors get a full overview of major leaders and laggards. In addition, they get a feeling of which dividend stocks are popular and which ones are the best investment opportunities in markets that are going up and down.
The book has the following items:
- Best 1-Week Performing Dividend Stocks
- Best Dividend Stocks Year-To-Date
- Best Yielding Stocks At New Highs
- Most Recommended Dividend Stocks
- Overbought Dividend Stocks
- Most Shorted Dividend Stocks
- Best Dividend Aristocrats in Canada and USA
- Stocks With Dividend Growth From Last Week
- Best Yielding Stocks From the World's Leading Stock Exchanges and Indices
Thanks to http://long-term-investments.blogspot.com
Dividend Weekly No. 37/2013 By http://long-term-investments.blogspot.comDividend Yield
The Dividend Weekly is a weekly published Fact Book with focus on dividend stocks. With this book, investors get a full overview of major leaders and laggards. In addition, they get a feeling of which dividend stocks are popular and which ones are the best investment opportunities in markets that are going up and down.
The book has the following items:
- Best 1-Week Performing Dividend Stocks
- Best Dividend Stocks Year-To-Date
- Best Yielding Stocks At New Highs
- Most Recommended Dividend Stocks
- Overbought Dividend Stocks
- Most Shorted Dividend Stocks
- Best Dividend Aristocrats in Canada and USA
- Stocks With Dividend Growth From Last Week
- Best Yielding Stocks From the World's Leading Stock Exchanges and Indices
- Ex-Dividend Stocks For Next Week
By http://long-term-investments.blogspot.com
Dividend weekly 31 2013 By http://long-term-investments.blogspot.comDividend Yield
The Dividend Weekly is a weekly published Fact Book with focus on dividend stocks. With this book, investors get a full overview of major leaders and laggards. In addition, they get a feeling of which dividend stocks are popular and which ones are the best investment opportunities in markets that are going up and down.
The book has the following items:
- Best 1-Week Performing Dividend Stocks
- Best Dividend Stocks Year-To-Date
- Best Yielding Stocks At New Highs
- Most Recommended Dividend Stocks
- Overbought Dividend Stocks
- Most Shorted Dividend Stocks
- Best Dividend Aristocrats in Canada and USA
- Stocks With Dividend Growth From Last Week
- Best Yielding Stocks From the World's Leading Stock Exchanges and Indices
- Ex-Dividend Stocks For Next Week
Thanks to http://long-term-investments.blogspot.com
Dividend Weekly 49 2012 By http://long-term-investments.blogspot.comDividend Yield
The Dividend Weekly is a weekly published Fact Book with focus on dividend stocks. With this book, investors get a full overview of major leaders and laggards. In addition, they get a feeling of which dividend stocks are popular and which ones are the best investment opportunities in markets that are going up and down.
The book has the following items:
- Best 1-Week Performing Dividend Stocks
- Best Dividend Stocks Year-To-Date
- Best Yielding Stocks At New Highs
- Most Recommended Dividend Stocks
- Overbought Dividend Stocks
- Most Shorted Dividend Stocks
- Best Dividend Aristocrats in Canada and USA
- Stocks With Dividend Growth From Last Week
- Best Yielding Stocks From the World's Leading Stock Exchanges and Indices
- Ex-Dividend Stocks For Next Week
Thanks to http://long-term-investments.blogspot.com
Dividend Weekly No. 27 2013 - World Yield ReportDividend Yield
The Dividend Weekly is a weekly published Fact Book with focus on dividend stocks. With this book, investors get a full overview of major leaders and laggards. In addition, they get a feeling of which dividend stocks are popular and which ones are the best investment opportunities in markets that are going up and down.
The book has the following items:
- Best 1-Week Performing Dividend Stocks
- Best Dividend Stocks Year-To-Date
- Best Yielding Stocks At New Highs
- Most Recommended Dividend Stocks
- Overbought Dividend Stocks
- Most Shorted Dividend Stocks
- Best Dividend Aristocrats in Canada and USA
- Stocks With Dividend Growth From Last Week
- Best Yielding Stocks From the World's Leading Stock Exchanges and Indices
Thanks to http://long-term-investments.blogspot.com
Dividend Weekly No. 37/2013 By http://long-term-investments.blogspot.comDividend Yield
The Dividend Weekly is a weekly published Fact Book with focus on dividend stocks. With this book, investors get a full overview of major leaders and laggards. In addition, they get a feeling of which dividend stocks are popular and which ones are the best investment opportunities in markets that are going up and down.
The book has the following items:
- Best 1-Week Performing Dividend Stocks
- Best Dividend Stocks Year-To-Date
- Best Yielding Stocks At New Highs
- Most Recommended Dividend Stocks
- Overbought Dividend Stocks
- Most Shorted Dividend Stocks
- Best Dividend Aristocrats in Canada and USA
- Stocks With Dividend Growth From Last Week
- Best Yielding Stocks From the World's Leading Stock Exchanges and Indices
- Ex-Dividend Stocks For Next Week
By http://long-term-investments.blogspot.com
Dividend weekly 31 2013 By http://long-term-investments.blogspot.comDividend Yield
The Dividend Weekly is a weekly published Fact Book with focus on dividend stocks. With this book, investors get a full overview of major leaders and laggards. In addition, they get a feeling of which dividend stocks are popular and which ones are the best investment opportunities in markets that are going up and down.
The book has the following items:
- Best 1-Week Performing Dividend Stocks
- Best Dividend Stocks Year-To-Date
- Best Yielding Stocks At New Highs
- Most Recommended Dividend Stocks
- Overbought Dividend Stocks
- Most Shorted Dividend Stocks
- Best Dividend Aristocrats in Canada and USA
- Stocks With Dividend Growth From Last Week
- Best Yielding Stocks From the World's Leading Stock Exchanges and Indices
- Ex-Dividend Stocks For Next Week
Thanks to http://long-term-investments.blogspot.com
Dividend Weekly 49 2012 By http://long-term-investments.blogspot.comDividend Yield
The Dividend Weekly is a weekly published Fact Book with focus on dividend stocks. With this book, investors get a full overview of major leaders and laggards. In addition, they get a feeling of which dividend stocks are popular and which ones are the best investment opportunities in markets that are going up and down.
The book has the following items:
- Best 1-Week Performing Dividend Stocks
- Best Dividend Stocks Year-To-Date
- Best Yielding Stocks At New Highs
- Most Recommended Dividend Stocks
- Overbought Dividend Stocks
- Most Shorted Dividend Stocks
- Best Dividend Aristocrats in Canada and USA
- Stocks With Dividend Growth From Last Week
- Best Yielding Stocks From the World's Leading Stock Exchanges and Indices
- Ex-Dividend Stocks For Next Week
Thanks to http://long-term-investments.blogspot.com
Dividend weekly 04 2013 By http://long-term-investments.blogspot.comDividend Yield
The Dividend Weekly is a weekly published Fact Book with focus on dividend stocks. With this book, investors get a full overview of major leaders and laggards. In addition, they get a feeling of which dividend stocks are popular and which ones are the best investment opportunities in markets that are going up and down.
The book has the following items:
- Best 1-Week Performing Dividend Stocks
- Best Dividend Stocks Year-To-Date
- Best Yielding Stocks At New Highs
- Most Recommended Dividend Stocks
- Overbought Dividend Stocks
- Most Shorted Dividend Stocks
- Best Dividend Aristocrats in Canada and USA
- Stocks With Dividend Growth From Last Week
- Best Yielding Stocks From the World's Leading Stock Exchanges and Indices
- Ex-Dividend Stocks For Next Week
Thanks to http://long-term-investments.blogspot.com
Dividend weekly 21 2013 By http://long-term-investments.blogspot.comDividend Yield
The Dividend Weekly is a weekly published Fact Book with focus on dividend stocks. With this book, investors get a full overview of major leaders and laggards. In addition, they get a feeling of which dividend stocks are popular and which ones are the best investment opportunities in markets that are going up and down.
The book has the following items:
- Best 1-Week Performing Dividend Stocks
- Best Dividend Stocks Year-To-Date
- Best Yielding Stocks At New Highs
- Most Recommended Dividend Stocks
- Overbought Dividend Stocks
- Most Shorted Dividend Stocks
- Best Dividend Aristocrats in Canada and USA
- Stocks With Dividend Growth From Last Week
- Best Yielding Stocks From the World's Leading Stock Exchanges and Indices
- Ex-Dividend Stocks For Next Week
Thanks to http://long-term-investments.blogspot.com
Dividend Weekly - World Yield R 32 2013 By http://long-term-investments.blogs...Dividend Yield
The Dividend Weekly is a weekly published Fact Book with focus on dividend stocks. With this book, investors get a full overview of major leaders and laggards. In addition, they get a feeling of which dividend stocks are popular and which ones are the best investment opportunities in markets that are going up and down.
The book has the following items:
- Best 1-Week Performing Dividend Stocks
- Best Dividend Stocks Year-To-Date
- Best Yielding Stocks At New Highs
- Most Recommended Dividend Stocks
- Overbought Dividend Stocks
- Most Shorted Dividend Stocks
- Best Dividend Aristocrats in Canada and USA
- Stocks With Dividend Growth From Last Week
- Best Yielding Stocks From the World's Leading Stock Exchanges and Indices
- Ex-Dividend Stocks For Next Week
Thanks to http://long-term-investments.blogspot.com
Dividend Weekly World Yield Report 23/2013 By http://long-term-investments.bl...Dividend Yield
The Dividend Weekly is a weekly published Fact Book with focus on dividend stocks. With this book, investors get a full overview of major leaders and laggards. In addition, they get a feeling of which dividend stocks are popular and which ones are the best investment opportunities in markets that are going up and down.
The book has the following items:
- Best 1-Week Performing Dividend Stocks
- Best Dividend Stocks Year-To-Date
- Best Yielding Stocks At New Highs
- Most Recommended Dividend Stocks
- Overbought Dividend Stocks
- Most Shorted Dividend Stocks
- Best Dividend Aristocrats in Canada and USA
- Stocks With Dividend Growth From Last Week
- Best Yielding Stocks From the World's Leading Stock Exchanges and Indices
- Ex-Dividend Stocks For Next Week
By http://long-term-investments.blogspot.com
Dividend Weekly 20/2013 By http://long-term-investments.blogspot.comDividend Yield
The Dividend Weekly is a weekly published Fact Book with focus on dividend stocks. With this book, investors get a full overview of major leaders and laggards. In addition, they get a feeling of which dividend stocks are popular and which ones are the best investment opportunities in markets that are going up and down.
The book has the following items:
- Best 1-Week Performing Dividend Stocks
- Best Dividend Stocks Year-To-Date
- Best Yielding Stocks At New Highs
- Most Recommended Dividend Stocks
- Overbought Dividend Stocks
- Most Shorted Dividend Stocks
- Best Dividend Aristocrats in Canada and USA
- Stocks With Dividend Growth From Last Week
- Best Yielding Stocks From the World's Leading Stock Exchanges and Indices
- Ex-Dividend Stocks For Next Week
Thanks to http://long-term-investments.blogspot.com
Dividend Weekly World 51 2012 by http://long-term-investments.blogspot.comDividend Yield
Below the current Dividend Weekly, a weekly yield and performance report of the world's best dividend paying stocks. Find on over 30 pages the best and highest dividend yields wordwide. The report is available as free PDF download.
The Dividend Weekly is a weekly published Fact Book with focus on dividend stocks. With this book, investors get a full overview of major leaders and laggards. In addition, they get a feeling of which dividend stocks are popular and which ones are the best investment opportunities in markets that are going up and down.
The book has the following items:
- Best 1-Week Performing Dividend Stocks
- Best Dividend Stocks Year-To-Date
- Best Yielding Stocks At New Highs
- Most Recommended Dividend Stocks
- Overbought Dividend Stocks
- Most Shorted Dividend Stocks
- Best Dividend Aristocrats in Canada and USA
- Stocks With Dividend Growth From Last Week
- Best Yielding Stocks From the World's Leading Stock Exchanges and Indices
- Ex-Dividend Stocks For Next Week
Thanks to http://long-term-investments.blogspot.com
The Dividend Weekly is a weekly published Fact Book with focus on dividend stocks. With this book, investors get a full overview of major leaders and laggards. In addition, they get a feeling of which dividend stocks are popular and which ones are the best investment opportunities in markets that are going up and down.
The book has the following items:
- Best 1-Week Performing Dividend Stocks
- Best Dividend Stocks Year-To-Date
- Best Yielding Stocks At New Highs
- Most Recommended Dividend Stocks
- Overbought Dividend Stocks
- Most Shorted Dividend Stocks
- Best Dividend Aristocrats in Canada and USA
- Stocks With Dividend Growth From Last Week
- Best Yielding Stocks From the World's Leading Stock Exchanges and Indices
- Ex-Dividend Stocks For Next Week
Thanks to http://long-term-investments.blogspot.com
Fundamental Analysis & Analyst Recommendations- SX5E Index (Eurostoxx50) Memb...BCV
The EURO STOXX 50 Index, Europe's leading Blue-chip index for the Eurozone, provides a Blue-chip
representation of supersector leaders in the Eurozone. The index covers 50 stocks from 12 Eurozone
countries. The Index is licensed to financial institutions to serve as underlying for a wide range of
investment products such as Exchange Traded Funds (ETF), Futures and Options and structured products.
Dividend Weekly World 16 2013 By http://long-term-investments.blogspot.comDividend Yield
The Dividend Weekly is a weekly published Fact Book with focus on dividend stocks. With this book, investors get a full overview of major leaders and laggards. In addition, they get a feeling of which dividend stocks are popular and which ones are the best investment opportunities in markets that are going up and down.
The book has the following items:
- Best 1-Week Performing Dividend Stocks
- Best Dividend Stocks Year-To-Date
- Best Yielding Stocks At New Highs
- Most Recommended Dividend Stocks
- Overbought Dividend Stocks
- Most Shorted Dividend Stocks
- Best Dividend Aristocrats in Canada and USA
- Stocks With Dividend Growth From Last Week
- Best Yielding Stocks From the World's Leading Stock Exchanges and Indices
- Ex-Dividend Stocks For Next Week
Thanks to http://long-term-investments.blogspot.com
Dividend weekly 04 2013 By http://long-term-investments.blogspot.comDividend Yield
The Dividend Weekly is a weekly published Fact Book with focus on dividend stocks. With this book, investors get a full overview of major leaders and laggards. In addition, they get a feeling of which dividend stocks are popular and which ones are the best investment opportunities in markets that are going up and down.
The book has the following items:
- Best 1-Week Performing Dividend Stocks
- Best Dividend Stocks Year-To-Date
- Best Yielding Stocks At New Highs
- Most Recommended Dividend Stocks
- Overbought Dividend Stocks
- Most Shorted Dividend Stocks
- Best Dividend Aristocrats in Canada and USA
- Stocks With Dividend Growth From Last Week
- Best Yielding Stocks From the World's Leading Stock Exchanges and Indices
- Ex-Dividend Stocks For Next Week
Thanks to http://long-term-investments.blogspot.com
Dividend weekly 21 2013 By http://long-term-investments.blogspot.comDividend Yield
The Dividend Weekly is a weekly published Fact Book with focus on dividend stocks. With this book, investors get a full overview of major leaders and laggards. In addition, they get a feeling of which dividend stocks are popular and which ones are the best investment opportunities in markets that are going up and down.
The book has the following items:
- Best 1-Week Performing Dividend Stocks
- Best Dividend Stocks Year-To-Date
- Best Yielding Stocks At New Highs
- Most Recommended Dividend Stocks
- Overbought Dividend Stocks
- Most Shorted Dividend Stocks
- Best Dividend Aristocrats in Canada and USA
- Stocks With Dividend Growth From Last Week
- Best Yielding Stocks From the World's Leading Stock Exchanges and Indices
- Ex-Dividend Stocks For Next Week
Thanks to http://long-term-investments.blogspot.com
Dividend Weekly - World Yield R 32 2013 By http://long-term-investments.blogs...Dividend Yield
The Dividend Weekly is a weekly published Fact Book with focus on dividend stocks. With this book, investors get a full overview of major leaders and laggards. In addition, they get a feeling of which dividend stocks are popular and which ones are the best investment opportunities in markets that are going up and down.
The book has the following items:
- Best 1-Week Performing Dividend Stocks
- Best Dividend Stocks Year-To-Date
- Best Yielding Stocks At New Highs
- Most Recommended Dividend Stocks
- Overbought Dividend Stocks
- Most Shorted Dividend Stocks
- Best Dividend Aristocrats in Canada and USA
- Stocks With Dividend Growth From Last Week
- Best Yielding Stocks From the World's Leading Stock Exchanges and Indices
- Ex-Dividend Stocks For Next Week
Thanks to http://long-term-investments.blogspot.com
Dividend Weekly World Yield Report 23/2013 By http://long-term-investments.bl...Dividend Yield
The Dividend Weekly is a weekly published Fact Book with focus on dividend stocks. With this book, investors get a full overview of major leaders and laggards. In addition, they get a feeling of which dividend stocks are popular and which ones are the best investment opportunities in markets that are going up and down.
The book has the following items:
- Best 1-Week Performing Dividend Stocks
- Best Dividend Stocks Year-To-Date
- Best Yielding Stocks At New Highs
- Most Recommended Dividend Stocks
- Overbought Dividend Stocks
- Most Shorted Dividend Stocks
- Best Dividend Aristocrats in Canada and USA
- Stocks With Dividend Growth From Last Week
- Best Yielding Stocks From the World's Leading Stock Exchanges and Indices
- Ex-Dividend Stocks For Next Week
By http://long-term-investments.blogspot.com
Dividend Weekly 20/2013 By http://long-term-investments.blogspot.comDividend Yield
The Dividend Weekly is a weekly published Fact Book with focus on dividend stocks. With this book, investors get a full overview of major leaders and laggards. In addition, they get a feeling of which dividend stocks are popular and which ones are the best investment opportunities in markets that are going up and down.
The book has the following items:
- Best 1-Week Performing Dividend Stocks
- Best Dividend Stocks Year-To-Date
- Best Yielding Stocks At New Highs
- Most Recommended Dividend Stocks
- Overbought Dividend Stocks
- Most Shorted Dividend Stocks
- Best Dividend Aristocrats in Canada and USA
- Stocks With Dividend Growth From Last Week
- Best Yielding Stocks From the World's Leading Stock Exchanges and Indices
- Ex-Dividend Stocks For Next Week
Thanks to http://long-term-investments.blogspot.com
Dividend Weekly World 51 2012 by http://long-term-investments.blogspot.comDividend Yield
Below the current Dividend Weekly, a weekly yield and performance report of the world's best dividend paying stocks. Find on over 30 pages the best and highest dividend yields wordwide. The report is available as free PDF download.
The Dividend Weekly is a weekly published Fact Book with focus on dividend stocks. With this book, investors get a full overview of major leaders and laggards. In addition, they get a feeling of which dividend stocks are popular and which ones are the best investment opportunities in markets that are going up and down.
The book has the following items:
- Best 1-Week Performing Dividend Stocks
- Best Dividend Stocks Year-To-Date
- Best Yielding Stocks At New Highs
- Most Recommended Dividend Stocks
- Overbought Dividend Stocks
- Most Shorted Dividend Stocks
- Best Dividend Aristocrats in Canada and USA
- Stocks With Dividend Growth From Last Week
- Best Yielding Stocks From the World's Leading Stock Exchanges and Indices
- Ex-Dividend Stocks For Next Week
Thanks to http://long-term-investments.blogspot.com
The Dividend Weekly is a weekly published Fact Book with focus on dividend stocks. With this book, investors get a full overview of major leaders and laggards. In addition, they get a feeling of which dividend stocks are popular and which ones are the best investment opportunities in markets that are going up and down.
The book has the following items:
- Best 1-Week Performing Dividend Stocks
- Best Dividend Stocks Year-To-Date
- Best Yielding Stocks At New Highs
- Most Recommended Dividend Stocks
- Overbought Dividend Stocks
- Most Shorted Dividend Stocks
- Best Dividend Aristocrats in Canada and USA
- Stocks With Dividend Growth From Last Week
- Best Yielding Stocks From the World's Leading Stock Exchanges and Indices
- Ex-Dividend Stocks For Next Week
Thanks to http://long-term-investments.blogspot.com
Fundamental Analysis & Analyst Recommendations- SX5E Index (Eurostoxx50) Memb...BCV
The EURO STOXX 50 Index, Europe's leading Blue-chip index for the Eurozone, provides a Blue-chip
representation of supersector leaders in the Eurozone. The index covers 50 stocks from 12 Eurozone
countries. The Index is licensed to financial institutions to serve as underlying for a wide range of
investment products such as Exchange Traded Funds (ETF), Futures and Options and structured products.
Dividend Weekly World 16 2013 By http://long-term-investments.blogspot.comDividend Yield
The Dividend Weekly is a weekly published Fact Book with focus on dividend stocks. With this book, investors get a full overview of major leaders and laggards. In addition, they get a feeling of which dividend stocks are popular and which ones are the best investment opportunities in markets that are going up and down.
The book has the following items:
- Best 1-Week Performing Dividend Stocks
- Best Dividend Stocks Year-To-Date
- Best Yielding Stocks At New Highs
- Most Recommended Dividend Stocks
- Overbought Dividend Stocks
- Most Shorted Dividend Stocks
- Best Dividend Aristocrats in Canada and USA
- Stocks With Dividend Growth From Last Week
- Best Yielding Stocks From the World's Leading Stock Exchanges and Indices
- Ex-Dividend Stocks For Next Week
Thanks to http://long-term-investments.blogspot.com
With all of the recent media attention surrounding hedge funds, there are bound to be some misconceptions regarding the hedge fund industry. Dick Hooey led a stimulating discussion surrounding the evolution of this esoteric investment vehicle and tried to answer the question “Just what is a Hedge Fund, anyways?”. Dick is a strategic minded finance executive with expertise in valuation and decision support analyses of transactions including acquisitions and new business ventures in consulting and corporate environments. In addition, Dick has 13 years experience managing a market neutral equity portfolio representing capital in excess of $100 million for a leading billion dollar hedge fund.
JP regularly travels to Myanmar. Among his many contacts there are many senior government officials with whom he is able to share experience and insights. He will speak to Net Impact about the unique social setting for Myanmar business, offering a broad context to help members understand and anticipate fast-paced developments there.
JP regularly travels to Myanmar. Among his many contacts there are many senior government officials with whom he is able to share experience and insights. He will speak to Net Impact about the unique social setting for Myanmar business, offering a broad context to help members understand and anticipate fast-paced developments there.
The Imperatives of Investment Suitabilityfinametrica
Presentation given by Paul Resnik (Co-Founder, FinaMetrica) at the National Institute of Securities Markets (NISM) in Mumbai, India. It emphasizes on the importance of measuring risk tolerance of investors in the process of matching investment products to an individual's needs. Visit www.riskprofiling.com to know more.
Qualitative and quantitative analysis of sustainable banks compared with global systematically important institutions.
The analysis may be not complete and only indicate a small scope of each banks qualities. All figures have been researched and retrieved from publicly available documents. The full report with details can be retrieved on request.
Insurance Planning is a very vital component of Financial Planning. This presentation is all about various types of Life and General Insurance available in India. It also talks about the benefit of Term Insurance Policy. One should only go for Term Insurance Policy as it is best cover for Protection. This presentation also talks about the Mis-selling happening in India when it comes to insurance selling.
Hedge funds (The Indian Context and the Regulatory Framework)Sham Chandak
This presentation in a broad sense gives an idea about the hedge funds, their objectives, their participants, their evolution. It talks about how India attracts the eye of Hedge Fund managers world wide. The growth potential in India as an emerging economy. The various types of Hedge Funds and the strategies implemented. The indices which track Hedge Fund performances around the globe. Some empirical findings about the absolute returns generated by hedge funds. The regulatory framework in India for Hedge Funds as a part of Alternative Investment Funds as guided by SEBI
In a matter of minutes, you can generate a detailed report with a side-by-side comparison that addresses the opportunities discovered in The Retirement Plan Diagnostic™. Communicate the features, benefits and overall impact of your value proposition in a concise format that's co-branded and customized to your firm's unique investment models and menus.
This tool is fully integrated with PlanFinder SM and The Retirement Plan Diagnostic SM for seamless data transfer from previously collected prospective plans. With the Retirement Plan Efficiency Analysis SM , you can save significant time and money while delivering tangible value in client meetings.
Er zijn volop ontwikkelingen op het gebied van eigenrisicodragen WGA.
De grote verzekeraars hebben aangekondigd de premies te moeten gaan verhogen, omdat de aanvankelijke schadelast grof is onderschat.
De polissen die binnenkort expireren krijgen zeer waarschijnlijk te maken met de aangekondigde verhoging.
Herkeuringen door het UWV vinden niet of nauwelijks plaats, waardoor uw WGA schade onnodig lang doorloopt.
Ook ligt er een concept wetsvoorstel in de eerste kamer dat u als werkgever verantwoordelijk maakt voor arbeidsongeschiktheidsuitkeringen van zogenaamde vangnetters (werknemers met een tijdelijk dienstverband).
Heeft u als Eigen Risico Drager wel genoeg grip op (ex)werknemers die een WGA uitkering ontvangen? U hoeft als Eigen Risco Drager niet af te wachten op het UWV of uw verzekeraar maar u kunt uw re-integratie en daarmee uw financiële verplichtingen positief beïnvloeden en onder controle krijgen.
Een moeilijke groep werknemers om grip op te krijgen is de Short Term Assignees. Een kort project over de grens van een paar weken wordt zomaar als gevolg van het belang voor de business verlengd tot een paar maanden. Vaak zijn de short termers niet bekend bij HR dan wel de fiscale afdeling. In het buitenland is of zou wel de fiscale, juridische en immigratiewetgeving van het betreffende land van toepassing kunnen zijn.
Hoe zorgt u er voor dat uw organisatie ook voor deze groep werknemers compliant is op belasting, sociale zekerheid, immigratie en payroll gebied en aan alle formaliteiten voldoet zodat geen risico wordt gelopen? Wat zijn de trends op basis van de policies voor deze specifieke groep en wat zijn de uitdagingen en mogelijkheden? Hoe ga je om met onkosten en hogere kosten van levensonderhoud?
Ook behoefte aan achtergrondinformatie op HR-gebied? Mercer Signaal is een (hardcopy) magazine dat een verhelderende visie op de meest uiteenlopende HR-zaken geeft.
Heeft u beleidsmatig of uitvoerend te maken met pensioenen? Wordt u als lid van een Ondernemingsraad gevraagd om instemming met het aanpassen van pensioenen? Of ziet u door de bomen het bos niet meer?
Dan brengt Mercer u via de cursus pensioenen de basiskennis van pensioenen bij. U krijgt tijdens de cursus pensioenen in één dag een goed zicht op de vaak ingewikkelde, ondoorzichtige structuur van ons pensioenstelsel en uw pensioenregeling.
Ook behoefte aan achtergrondinformatie op HR-gebied? Mercer Signaal is een (hardcopy) magazine dat een verhelderende visie op de meest uiteenlopende HR-zaken geeft.
Eigen risicodragen is de WGA-risico’s op een andere manier verzekeren. In veel gevallen kan het fors goedkoper en de premie is stabiel gedurende contractperiode. Maar het vereist wel gedegen onderzoek naar alle risicofactoren op korte en middellange termijn om tot een gewogen en gefundeerd besluit te komen
Presentatie: Strategische Workforce Planning; Nu anticiperen op de uitdagingen van morgen van Raymond Brood en Marcel van de Pol. De presentatie is gegeven op 6 september 2011 tijdens de 5e editie van het Mercer Werkgeversseminar.
Presentatie: Het Pensioenakkoord; Gevolgen voor uw pensioenregeling van Kristel Kusters. De presentatie is gegeven op 6 september 2011 tijdens de 5e editie van het Mercer Werkgeversseminar.
Presentatie: PPI, DC, etc.; Opties buiten de traditionele pensioenregeling van Tim Burggraaf. De presentatie is gegeven op 6 september 2011 tijdens de 5e editie van het Mercer Werkgeversseminar.
Ook behoefte aan achtergrondinformatie op HR-gebied? Mercer Signaal is een (hardcopy) magazine dat een verhelderende visie op de meest uiteenlopende HR-zaken geeft.
Ook behoefte aan achtergrondinformatie op HR-gebied? Mercer Signaal is een (hardcopy) magazine dat een verhelderende visie op de meest uiteenlopende HR-zaken geeft.
Presentatie: “Te klein of ongewenst” - Mogelijkheden voor pensioenfondsen van Tim Burggraaf. De presentatie is gegeven op 28 september 2010 op het Mercer Pensioenfondsenseminar.
Presentatie:Met uitsterven bedreigd? Hoe te overleven met behulp van beleggingen van Jelle Beenen. De presentatie is gegeven op 28 september 2010 op het Mercer Pensioenfondsenseminar.
Presentatie: Risk Management – Stabiele mix of stabiel risico? van Ridzert van der Zee. De presentatie is gegeven op 25 november 2010 op het Mercer Investment Consulting seminar.
Presentatie: Non-Financial Risks: A focus on Operational Risk van Ben Gunnee. De presentatie is gegeven op 25 november 2010 op het Mercer Investment Consulting seminar.
More from Mercer (Nederland) B.V. - Talent - Health - Retirement - Investments (20)
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Cardnickysharmasucks
The unveiling of the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card marks a notable milestone in the Indian financial landscape, showcasing a successful partnership between two leading institutions, Poonawalla Fincorp and IndusInd Bank. This co-branded credit card not only offers users a plethora of benefits but also reflects a commitment to innovation and adaptation. With a focus on providing value-driven and customer-centric solutions, this launch represents more than just a new product—it signifies a step towards redefining the banking experience for millions. Promising convenience, rewards, and a touch of luxury in everyday financial transactions, this collaboration aims to cater to the evolving needs of customers and set new standards in the industry.
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
how can i use my minded pi coins I need some funds.DOT TECH
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. 👇 I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Vighnesh Shashtri
In India, financial inclusion remains a critical challenge, with a significant portion of the population still unbanked. Non-Banking Financial Companies (NBFCs) have emerged as key players in bridging this gap by providing financial services to those often overlooked by traditional banking institutions. This article delves into how NBFCs are fostering financial inclusion and empowering the unbanked.
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
1. 17 May, 2011
The Impact of Climate
Change on Asset Allocation
Jelle Beenen
Will Oulton
2. Integrating systemic risks into strategic decision
making
What did we learn from the global financial crisis?
More ‘what if’ critical thinking is required
Need to think long-term and strategically
Risk is more than historical volatility and correlations
Source of risk beyond mean-variance analysis
Behavioural biases predominate (aka technology
bubble, corporate governance failures, the financial
crisis…climate change?)
We overlook systemic risks
Climate change is one of these risks
Mercer 1
3. Overview of the project:
Examine the implications of climate change for asset allocation
Collaborative effort led by Mercer together with
14 Asset owner partners
2 Industry sponsors
– IFC and Carbon Trust
1 Climate change research partner
– Experts were engaged from Grantham Research
Institute at LSE, chaired by Nicholas Stern (author of
Stern Review), together with Vivid Economics
9 Research group members
– Industry experts were consulted on the methodology
and research conclusions
Mercer 2
4. What determines long term investment performance
Determinants of Long-term Investment Performance
Asset Allocation,
91.5%
Security Selection,
4.6%
Asset Class Timing,
1.8%
Unexplained, 2.1%
Source: Brinson, Singer & Beebower, “Determinants of Portfolio
Performance II”, Financial Analysts Journal, May/June 1991
Mercer 3
6. Value at Risk, confidence interval. But where is the risk?
Where should the focus be, on the red or on the green?
95%
Mercer 5
7. Scenario Analysis
Growth Inflation Temperature
Equities
Equities IL Bonds
IL Bonds
Credit
Credit Insurance
Insurance
Commodities
Commodities Commodities
Commodities
Rising ?
Real Assets
Real Assets Real Assets
Real Assets
Credit
Credit Equities
Equities
Bonds
Bonds Credit
Insurance
Insurance
Credit
Bonds
Bonds
Falling ?
Mercer 6
8. Little consideration has been given to
understanding what climate change
means for long term risks and
opportunities as part of strategic asset
allocation decision making…
Mercer 7
10. A natural evolution: climate scenarios for capital markets
The United Nations Intergovernmental The Stern Review on the Economics of Climate Change Scenarios – Implications
Panel on Climate Change Climate Change for Strategic Asset Allocation
(1990-2014) (2006) (2011)
Six ‘emissions marker scenarios’ Two climate change scenarios Four scenarios (including one based
(baseline based on IPCC ‘A2’) on Stern)
Assesses scientific, technical and
socio-economic information Examines the evidence on the Attempts to build on prior studies to
concerning climate change, its economic impacts of climate change explore the impact of climate scenarios
potential effects, and options for itself, and explores the economics of on markets through asset class and
adaptation and mitigation stabilizing greenhouse gases in the regional analysis
atmosphere
Involves thousands of authors from Undertaken by Mercer, climate change
dozens of countries Advocates as urgent priorities for experts and some of the world’s largest
international cooperation: broadly asset owners
similar global carbon price signals and
using carbon finance to accelerate
action in developing countries
Mercer 9
11. The benefits of scenario analysis for SAA
Not everything can be quantified
Tail risks - think the unthinkable
Be aware of risks and opportunities that might not
otherwise have been considered
Scenario planning to improve decision-making
Signposts to prepare minds for explicit indicators of the
future
Mercer 10
13. The 4 Scenarios
Regional Divergence Delayed Action
Uneven progress on ‘Business as usual’ until
cutting emissions, with 2020
strong leadership in
Bad news about rapid
some regions and
climate change triggers a
others lagging behind
global policy ‘shock’,
Currently most likely rapidly driving up the cost
scenario of fossil fuels
Cost of carbon Cost of carbon $15/tCO2e
$110/tCO2e globally to 2020, then dramatic rise
to $220/tCO2e
50 Gt CO2e emissions
per year in 2030 50 Gt CO2e emissions per
year in 2030
Comprehensive global Continued reliance on
framework to cut fossil fuels and high
emissions quickly and emissions of carbon
deeply
Little transformation to a
Market anticipates the low carbon economy,
policy measures, smooth increases physical
adjustment ‘impact’ risks
Cost of carbon Cost of carbon $15/tCO2e
$110/tCO2e globally limited to EU ETS
30 Gt CO2e emissions 63 Gt CO2e emissions per
per year in 2030 year in 2030
Stern Action Climate Breakdown
Mercer 12
14. Why scenario analysis?
Every link in the chain from carbon emissions to their impacts is uncertain
– Including efforts to cut emissions and adapt to climate change (driven
in part by government policy)
These uncertainties are new; historical records don’t really include them
The uncertainties are ‘deep’, meaning probabilities cannot be assigned
with confidence
Ideally suited to exploring extreme events and searching for ‘black swans’
– “the methodical thinking of the unthinkable”
Identifies storylines or sequences of events, and their consequences
Mercer 13 13
15. Scenarios compared: carbon emissions
Sources: Vivid Economics and Grantham Research Institute, based on Bowen and Ranger (2009),
IEA (2007; 2009) and Enkvist, Naucler et al. 2007
Mercer 14 14
16. Mercer TIP Model - Technology, Impacts and Policy
(“TIP”) risk factors
These factors estimate the potential impact of climate change on the
return drivers of different asset classes, where:
Technology (T) measures the rate of progress and investment
flows into technology related to low carbon and efficiency which
are expected to provide investment gains
Impacts (I) measures the extent to which changes to the physical
environment will impact (negatively) on investments
Policy (P) – measures the cost of policy in terms of the change in
the cost of carbon and emissions levels that result from policy
depending on the extent to which it is coordinated, transparent and
timely
Mercer 15
17. Climate sensitive assets to the TIP risk factors
Not only ‘sustainable assets’ but core assets also highly sensitive to climate
change. The following lists the assets whose underlying risk/return
characteristics are the most sensitive to the TIP risk factors:
– Infrastructure
– Private equity
– (Some) emerging market investments
– Real estate
– Agricultural land
– Timberland
– Sustainable equity (broad and sector theme)
– Efficiency/renewables (listed and unlisted)
– Further development of green bond market
– Maturing and expansion of carbon market
Mercer 16
19. Message 1: Climate change increases uncertainty for
investors
Finding
Climate change increases uncertainty for institutional investors and
can potentially have a significant impact on the performance of a
portfolio mix over the long-term
Action
Embed an early warning system. Prudent risk management
processes should build in climate change considerations into long-term
strategic decision making processes, to help manage the uncertainties
associated with climate change
Mercer 18
20. Message 2: A factor risk approach that includes climate
change factors presents a solution
Finding
Scenario analysis and a factor risk framework are helpful in considering how
climate change might impact a portfolio
To address this, we developed the “TIP” framework to examine risks more
closely defined as:
the rate of progress and investment flows into technology (T)
the extent to which changes to the physical environment will impact on
investments (I)
the degree to which climate policy is coordinated, transparent and
timely (P) to help mobilise behaviour change
Action
Utilise scenario analysis and factor risk framework to review asset
class sensitivities to climate change
Mercer 19
21. Message 3: Equity Risk Premium and uncertainty are
key drivers for evaluating asset class impacts
Finding: Our study concluded that the equity risk premium differential
could be as great as 2% between a smooth mitigation scenario and a
delayed action scenario over the next 20 years.
– Knowing what risks to focus on will be key. Only one of the
scenarios had a notable impact on inflation and interest rates
(Delayed Action).
– Of more importance for investment decisions out to 2030 will be the
additional uncertainty that climate change produces and how
sensitive different asset classes are to these uncertainties.
Action: Review baseline assumptions regarding ERP and
uncertainties around the baseline risk/return data across asset classes
in light of the findings of this study. Seek innovative ways to capture
uncertainties around climate change
Mercer 20
22. Message 4: Technology, Impacts and Policy are
additional sources of risk for asset classes
Finding: Traditional factor risks are an important consideration but in
isolation are not sufficient to measure the investment uncertainties due
to climate change.
– A climate change investment risk framework was developed to
examine this more closely. This was specified as a ‘TIP’ framework,
defined as:
the rate of progress and investment flows into technology (T)
the extent to which changes to the physical environment will
impact on investments (I); and
the degree to which climate policy is coordinated, transparent
and timely (P) to help mobilise behaviour change
Action: Review asset class sensitivities to climate change in light of
the findings of this report and consider possible impact on risk/return
assumptions to incorporate climate change risks.
Mercer 21
23. Message 5: TIP climate risk factors are potentially
significant
Finding: Measuring the magnitude of the TIP factors reveals a potentially
large mobilisation of capital and associated costs that is significant for
investors. For example:
– The cumulative value of the Technology factor to 2030 (for the mitigation
scenarios) ranges between 9-13% of the value of global market
capitalisation and 12-17% of the value of global institutional assets under
management.
– The cumulative value of the Impact costs to 2030 represent some 3-9% of
global market cap and 5-12% of global AUM
– The cumulative value of the Policy costs to 2030 falls in a similar range at
4-12% of global market cap and 6-16% of global AUM. Put another way,
policy costs will be between 3x and 9x higher than they are today for all
mitigation scenarios
Action: You could start by embedding TIP factors into regular strategic
discussions and review processes to ensure that the risks are being
appropriately managed
Mercer 22
24. Message 6: Long horizon and real assets most sensitive
to climate change
Finding: For the mitigation scenarios, we concluded that infrastructure, private
equity, real estate and some commodities (timber, agriculture and carbon) are
more sensitive to climate change, both in terms of the risk and opportunities.
– Under the more efficient mitigation policy scenario, such as Stern Action,
some of these assets will be better suited to manage the risks and capture
the upside than equities and bonds.
– For scenarios where policy is more uncertain and difficult to predict, such
as Delayed Action, sustainability themed equities, renewable energy, green
bonds and some commodities will be more resilient.
Action: Go long and get ‘real’. Review asset mix in light of these findings,
including allocation to long horizon and real assets, as well as ‘sustainability’
themed investments across different asset classes
– Engage with active managers and look for new passive options
Mercer 23
25. Message 7: Regions that lead climate transformation
more resilient and appealing for long term investors
Finding: The regions that are best placed to attract capital from long-term
institutional investors will be those that take the lead in finding alternative
sources of energy, improving efficiency, reducing carbon emissions and
investing in new technology.
– Based on the regions examined in this study, indicators of future
investment flows out to 2030 suggest that the greatest upside potential
could be in the EU and China.
– This should be interpreted with caution as generalised conclusions are
difficult to make as the impact will vary significantly by type of asset, as
some regions have more supportive policies in place for renewable energy
or focus more on building efficiency, for example.
Action: Evolve and transform. Consider implications for assets where regional
allocation is possible to nuance, such as equities, private equity, infrastructure
and property
Mercer 24
26. Peer comparison – TIP contribution
Regional divergence and Delayed action scenarios
Peer comparison of TIP contribution to portfolio risk for each scenario
40% 40%
35% 35%
30% 30%
25% 25%
20% 20%
15% 15%
10% 10%
5% 5%
0% 0%
Technology Impact Policy Technology Impact Policy Technology Impact Policy Technology Impact Policy
Regional Divergence Delayed Action Regional Divergence Delayed Action
Fourth Quartile Third Quartile Second Quartile First Quartile
Mercer 25
27. Asset class sensitivity to TIP factors
Listed Equities Fixed Income Commod RE Private Equity Infra
Efficiency/renewables
Efficiency/renewables
Efficiency/renewables
Sustainable equity
Agricultural Land
Inv grade credit
Core, unlisted
Global equity
Global fixed
Timberland
Unlisted
EMD
EME
LBO
VC
Sensitivity L M H VH L M L H H H M H VH H VH
Regional Divergence
Delayed Action
Stern Action
Climate Breakdown
Mercer 26
28. Real Estate sensitivity to climate change factor risks
Climate Change Risk Factors Real estate Core Unlisted
Technology High
Impacts Low to Moderate
Policy High
Overall climate change sensitivity High
Observations:
– Technology: The largest carbon saving potential over the next few decades is
actually from retro-fitting rather than new build (in particular installing better
insulation to reduce heating and cooling needs).
– Impacts: The main changes anticipated are in demand for heating and cooling
as well as protection against intense precipitation and flooding (both coastal
storm surges and fluvial). Little variation is expected given that the impacts tend
to occur outside of the 2050 timeframe.
– Policy: An estimate from McKinsey shows emissions abatement potential in the
building sector of 28% reduction in greenhouse gas emissions per year by 2030.
Furthermore, the IPCC report that net cost additions to achieve stabilised CO2
levels by 2050 will be 7% of total building costs worldwide.
Mercer 27
29. Opportunities in Infrastructure & Real Estate
The long horizon and the “real” nature of infrastructure and real estate
investments, increase the importance of climate-change risk factors
Infrastructure:
– Explore opportunities in energy, transport and water/waste, such as
decentralized electricity & heat generation, additional fuel capacity
storage; electrification of rail, electric cars and battery charging
replacement points, underground reservoirs, and desalination plants
Real Estate:
– Focus should be on unlisted (direct) core assets. Due to the long lives
of buildings and the large global stock of inefficient buildings, the
largest carbon-saving potential over the next few decades will be from
retrofitting (in particular installing better insulation to reduce heating
and cooling needs), not from new buildings
– Opportunities in energy & water efficiency management, heat pumps,
and solar space & water heating in buildings
Mercer 28
30. In conclusion: Three key actions for investors
Action 1: Enhance approach to asset allocation
A factor risk framework can be applied – TIPTM – to enable
measurement and management of Technology, Impact and Policy
risks and opportunities at the portfolio level.
Action 2: Allocate to climate sensitive assets
Investments that will adapt to a low carbon environment within
infrastructure, private equity, real estate, agriculture land, timberland and
‘sustainable’ themed assets will provide a hedge to climate risk.
Action 3: Engage with policy makers
The “P” factor contributes 10% of risk to a hypothetical portfolio. Investors
are increasingly engaging with policy makers to proactively manage this
risk.
Mercer 29
31. Policy
Climate policy risk is a notable source of risk for investors
The longer the delay – the higher the potential impact costs for investors
Investors should engage with policy makers on specific policy plans and
specific details of proposed policy plans
Collaborative engagement can be effective for institutional investors
Policy Makers should therefore recognise that:
– Policy is crucial for encouraging the mobilisation of capital
– Policy should be clear, consistent, co-ordinated and long term. Policy
uncertainty increases volatility and higher risk premium’s
– Delay now will cost later. Unforeseen and dramatic policy intervention
will have negative consequences on core assets of global portfolios.
Mercer 30
32. Making portfolios more resilient to climate change
Identify climate risk reduction / new opportunities
investments
(1) Long term Strategic (2) Evaluation of climate
Asset Allocation Mix risks and new opportunities
(4) Allocation to climate
basket of investments (3) Assessment of existing
exposure versus more
resilient exposure
Mercer 31