Asset Allocation – Page 167
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Features
When the balance sheet rules
IPE asked three pension funds – in Portugal, the UK and Denmark – the same question: ‘What do you see as the implications of the implementation of IAS 19?’ Here are their answers: Colin Hartridge-Price, scheme secretary and chief pensions officer at the BT Pensions Scheme & BT Retirement ...
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Bill of rights for the mobile
The European Commission’s proposal for a directive on improving the portability of supplementary pension rights, if accepted, could significantly improve the position of mobile workers – both across borders and within member states – but about which many concerns have been expressed regarding excessive costs. Vladimir Spidla, the European commissioner ...
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Features
Building confidence in indexation
In the Netherlands indexation of pension benefits to either wage or price increases has long been considered a guaranteed right. Although indexation used to be conditional on the pension fund’s position, in practice full indexation was virtually always given. In the communication to pension beneficiaries the possibility of indexation cuts ...
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Features
Mandatory call in Germany
The German Union Federation (DGB) has urged the government to make it compulsory for employers to offer corporate pensions to their employees. Speaking in Berlin, DGB vice chairman Ursula Engelen-Kefer said the move was necessary to, in the first place, compensate for future reductions in the state pension. As a ...
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Features
Pensions disarray on Capitol Hill
It is spring, but it already feels like November when US Congressional elections will take place. The political fall wind is already freezing any attempt to approve unpopular or controversial legislation. That explains why the US Congress left for its two-week Easter recess without approving a new pension legislation, which ...
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Features
Caution is king
BVV is Germany’s largest Pensionskasse with total assets of €16.9bn at the end of 2004, according to data from the German regulator BaFin. Total assets were nearly three times their level in 1990 and also make BVV nearly three times the size of its nearest rival; BVV’s membership stood at ...
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Features
RIsing the EM roller coaster
It is a fallacy that the world is divided into countries that have already emerged and those that are emerging, said Roger Nightingale, economic adviser to pension funds and global strategist at Millennium Global Investments, kicking off the recent IP E-Symposium on ‘Emerging markets investing’. “The vast majority of non-emerged ...
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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 ...
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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 ...
