Asset Allocation – Page 219
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Features
The viruous circle of transition management
The tricky proposition of simultaneously restructuring portfolios while changing investment managers can be daunting for even the most sophisticated pension fund sponsor. If badly handled, a transition can severely impact the health of a pension fund. Transition managers allow pension funds to allocate assets efficiently – both with reference to ...
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Features
Turning the tanker around
For the first time it has opened a storefront office encouraging walk-in traffic. It is offering more comprehensive and personalised financial advice. It is dramatically cutting expenses, laying off 8% or 500 of its 6,500 employees. In other words, the 85-year old Teachers Insurance and Annuity Association College Retirement Equities ...
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Features
Norway's small adjustments mean big changes
On December 8, 2000 the Kvidal task force was appointed by royal decree. The mandate was to report on gender neutrality in retirement schemes for the private sector. The task force was also asked to give an opinion on denying the insurance companies and pension funds the ability to use ...
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Features
Keeping abreast of events
Few pension schemes can have their location in as historic a setting as An Post in Dublin. It is based at the General Post Office building in O’Connell St, where the 1916 Rising started with the reading of the proclamation founding a separate Irish Republic. The building is still the ...
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Features
The secret of 'timing' success
Market timing is certainly a perilous activity and perhaps a foolhardy one. However, varying market class weights in response to changing forecasts for asset class returns covers a wide range of strategies – from aggressive short-term tactical asset allocation programmes through to multi-year reviews of strategic policy. These are very ...
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Features
Pragmatic solutions
Companies in Luxembourg have, until recently, had little incentive to introduce supplementary pensions for their employees. The Grand Duchy has one the most generous state pensions in Europe, promising between 60% and 70% of final salary after 40 years’ contributions. This has meant that occupational pension plans in Luxembourg have ...
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Features
Using the P/E test
The number of investors questioning the sustainability of the stock rally over the past months is increasing. European stocks have gained nearly 40% since their low in mid-March and nearly 13% year-to-date. While the overall sentiment seems to remain positive due to improving macroeconomic news, especially in the US, investors ...
