Financial Transaction Tax (PDF 1.08 MB)
In February 2013, the European Commission published a proposal under enhanced cooperation to introduce a Financial Transaction Tax (FTT). The aim of the FTT is to raise additional tax revenue from the financial sector to bolster the public finances of the 11 participating Member States. The FTT will have implications for UK pension schemes even though the UK is not a participating Member State.
Senior Commercial Real Estate Debt (PDF 492 KB)
Recent market dislocations have led to the development of an attractive investment opportunity in commercial property lending for pension schemes that can afford a degree of illiquidity in exchange for attractive returns and low risk.
Medium term views - January 2013 (PDF 785 KB)
Our Medium Term Views represent our opinion of each asset class's medium-term outlook (over the next 3 years) compared to the long-term assumption (over the next 10 years).
RPI: ... the reports of my death have neen greatly exaggerated (PDF 66 KB)
Following a lengthy review, on 10 January the ONS announced there would be no change to the formulae used to calculate RPI and this paper sets out the implications for pension schemes and investors.
RIP to RPI calculation? Implications, market reactions and what to do next (PDF 649 KB)
This paper analyses the potential impact of a proposed change in the calculation method of Retail Price Index (RPI) on pension schemes and investors.
European responsible investment fund survey (PDF 1.1 MB)
In this first edition of European Responsible Investing Fund Survey, KPMG gives a snap shot of the European Responsible Investing Fund universe as at 31 December 2010.
The evolution of an industry: 2012 KPMG/AIMA Global Hedge Fund survey (PDF 1.43 MB)
This paper features analysis of KPMG and AIMA’s recent survey of 150 global hedge fund managers and highlights their insights and opinions on a range of issues that are changing the face of the industry.
The value of the hedge fund industry
This report provides an exploration and summary of the value provided by the global hedge fund industry to investors, markets and the broader economy.