If a fund uses derivatives heavily, does it become too complex for the average retail investor? That is the critical question facing the global fund industry right now.
Tag Archives: Financial Times
Design key to Canada’s pension plan
[Financial Times]
Like many developed nations, Canada continues to refine its retirement system. As part of that effort, the provincial governments will soon authorise a new savings vehicle – Pooled Registered Pension Plans (PRPPs). With the right policy decisions, PRPPs will go a long way towards increasing retirement security for millions of Canadians.
Canada already has a sophisticated retirement savings system. It has a financially stable public pension programme, and it offers substantial tax benefits to private savings. Even with those incentives, however, less than half of all Canadian workers – highly concentrated in large employers – participate in a private plan.
Japan can rebuild on new economic foundations [Financial Times]
By Robert Pozen
Published: March 21 2011 16:22 | Last updated: March 21 2011 16:22
The tsunami in Japan and its impact on nuclear plants are truly tragic for the Japanese people. But are there any silver linings in this dark cloud for the depressed Japanese economy? There are three main possibilities. Continue reading
How to keep audit committees in the know [Financial Times]
American and British regulators agreed recently to an information-sharing arrangement, which they believe would have helped.
Give US companies certainty on taxes [Financial Times]
Republicans and Democrats need to settle their differences on 2011 tax rates.
Will the US be a global securities policeman? [Financial Times]
Will the US courts become the policemen for securities transactions throughout the rest of the world? The US courts have recently pulled back from that role, but they may be overruled by the recent financial reform legislation.
Caught in a bind over closing tax loopholes [Financial Times]
Congress is being pulled in opposite directions by rising concerns about budget deficits and continuing pressures to prop up a fragile economy. This means it probably enact the higher tax rate on incentive fees of fund managers proposed in The American Jobs and Closing Tax Loopholes Act of 2010, writes Robert Pozen
How to keep politics out of rating agency reform [FT]
By requiring a neutral third party to select the rating agency, Congress would significantly improve the quality of bond ratings relied on by small institutions and individual investors. Yet this approach avoids excessive political influence on the ratings process by limiting the government’s role to the minimum necessary to avoid ratings shopping.