Asset Allocation – Page 170
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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
How tight a hold on the reins?
Last month, Paternoster, a company created by former Prudential UK head Mark Wood, announced that it has secured £500m (e722m) of equity financing. The firm has been set up to transfer the defined benefit pension fund liabilities off a corporation’s balance sheet and into an FSA regulated insurance company. Amongst ...
