Asset Allocation – Page 165
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Features
Russian evolution
The new Russian pension system, based on the Swedish funded system, was launched on 1 January 2002 when the new pension legislation was enacted. Originally, males born before 1952 and females born before 1956, did not get the right to participate in the funded pension pillar. For everyone else, employers ...
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Features
Europe on slow crawl upward
Yield curve/duration Yield curves have been adjusting to investor forecasts on what the European Central Bank (ECB) might do next. Whereas last month there was debate about whether there would be another rate hike in the first half of the year, the consensus is now swinging to the opinion that ...
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Features
Holding to your course
Anyone searching for evidence that the dash from equities into fixed income by pension funds was not a universal phenomenon in the UK need look no further than the West Midlands Pension Fund. The Wolverhampton-based fund, with assets of around £7bn (e9.5bn 8.6bn) administers the Local Government Pensions Scheme (LGPS), ...
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Features
Salary conversion under threat
To continue to safeguard German pension provision in the future, the general aim is to strengthen funded private and company pension schemes. In the field of company pensions, which in the past has been used fairly cautiously in Germany, the legislator has risen to the challenge by implementing significant changes ...
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Features
European convergence
Eastern European stock exchanges have soared ahead in the past few years. However, we believe that they still offer good long-term potential, thanks to the beneficial impact of European convergence. This does not only apply to the countries that joined the EU last year, but also future applicants and neighbouring ...
