Asset Allocation – Page 205
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Features
Exemption request for industry-wide plans from accounting rules
The Netherlands Council for Annual Reporting (CAR) has asked that industry-wide pension schemes be exempt from the requirement to apply defined benefit (DB) accounting standards to the companies within such schemes. International accounting rules, which come into force next year, require listed companies within multi-employer pension plans to account for ...
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Features
What the PVK says about outsourcing by pension funds
In January this year the Dutch pensions supervisory authority, the PVK, circulated policy rules for outsourcing by pension funds, the Beleidsregel uitbesteding pensioenfondsen. These rules, which came into effect on 1 February 2004, set out regulations with which pension funds and the service supplying party must comply. They define a ...
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Features
Shaking off the peer group
One of the main distinguishing factors of Irish pension funds is that they have been and to a lesser extent today continue to be heavily invested in the domestic equity market. This is not so unusual in itself, of course, except that investing up to 30% of one’s portfolio in ...
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Features
A day at the races
While many larger, unionised companies in Ireland have maintained their defined benefit (DB) schemes, privately-owned building firm John Sisk & Son took action to shift the risk element towards its staff – well in advance of the recent stock market turmoil. The company runs two DB schemes: the executive scheme ...
