All IPE articles in April 2002 (Magazine) – Page 3
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Features
Pension schemes - controlling the corporate risk
The ACT is just one of many professional bodies in the investment and finance area, but it sets particularly high standards in its efforts to educate its members. This booklet (fewer than 100 sides of A5, plus a bibliography and glossary) is the latest in their series; it brings together ...
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Features
How group control helps local plans
Many multinationals have built up pension arrangements that can become complex when they are consolidated at group level. These frequently contain a mixture of defined benefit and defined contribution schemes. They may be invested directly or indirectly – for example, through insurance policies or investment funds – and may have ...
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Features
Employers lead the flight to defined contribution
The move into defined contribution schemes in Austria had been driven almost entirely by the desire of businesses to remove their pension fund liabilities from their balance sheets. Until 1990 all occupational pension schemes in Austria were book reserve schemes. During the 1970s this created the problem of hidden liabilities ...
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Features
Diversification key continental trend
In 2001, continental European funds continued both to outsource the management of their assets and shift their asset allocation strategy. These are key findings of our study of investment management in continental Europe conducted in the summer of 2001. For three years, we have charted the shift in asset mix ...
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Features
The shape of things to come
Numerous articles have been written about the demographic need for pension reform as countries across Europe struggle to come to terms with their ageing populations. The responses of individual European countries have been varied, as each, to a greater or lesser extent, moves from state provision towards private funding. The ...
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Features
Come out of your silos
For an industry that is meant to be forward looking and agile, it is surprising how the fund management community have allowed themselves to stay a couple of steps behind the companies that they buy and sell. UK fund managers have traditionally structured themselves along geographic lines. This means that ...
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Features
Individual investment choice under discussion
Employees of Austrian companies have two routes into defined contribution (DC) schemes: through an insurance contract or through a pensions fund contract. Before the introduction of the Pensionskassen system in 1990, the insurance route was the only one open to an employee. The employer takes out what is effectively a ...
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Features
Risk management challenges facing global players
Risk in investment is getting into the news rather more in the present decade. The obvious stimulus to this attention is that investment markets are producing poor returns (risk is seen as dull in bull markets), but we can cite three new factors at work in addition to this. o ...
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Features
Poland sets a challenge for EU expansion
Poland is by far the largest of the first wave of EU enlargement countries. Of the 10 candidate countries likely to enter the EU next, Poland’s population of 38.5m citizens outnumbers the 36m of the other nine nations and its own GDP is only slightly smaller than their combined GDPs. ...