Asset Allocation – Page 223
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Features
Split model balances guarantee with growth
The fund was initiated jointly by the association of the chemical industry employers and the union of the chemical industry employees in Germany. Both associations still support the fund by promoting it among their members and both organisations send members to the supervisory board of Chemie Pensionsfonds. Financially, however, the ...
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Balancing benefits and contributions
Since 2002, when the Federal Republic of Yugoslavia was replaced by the union of Serbia and Montenegro, the two republics are replacing federal law such as pensions with republican legislation. With the two republics using different currencies – Serbia retains the dinar while Montenegro adopted the euro – a unified ...
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Reforming zeal of a big-picture man
If there is such a thing as a European pensions ‘time bomb’, then Frits Bolkestein, member of the European Commission responsible for Internal Market, Taxation and Customs Union, is one of the individuals most likely to help defuse it. This year’s IPE Award for Outstanding Industry Contribution goes not just ...
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Coming out of the woods
It is cold in Stockholm but asset managers are happy. The market recovery has translated into new mandates for some Swedish houses, with the rest contenting themselves with the fact that the worst is probably over. At a safe distance from the downturn, managers say it had its benefits. The ...
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Committed to flexibility and customised pensions
Still the largest pension fund in the Netherlands, with over a million active members, 700,000 inactive members and 700,000 pensioners, ABP is the self-administered occupational pension scheme for the Dutch public sector. Aside from pensions, it offers disability and death benefits for survivors and dependants. ABP’s long-standing defined benefit structure ...
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Quality services at an optimum cost
The London Pensions Fund Authority, set up in 1989, is one of the largest administrators in the UK of the Local Government Pension Scheme (LGPS). It has 73,000 members from this scheme, and includes more than 220 employers. As well as this, the LPFA operates nine agency administration contracts, covering ...
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Information is a special duty for creator of web
The CERN Pension Fund – the fund of the European Organisation of Nuclear Research – was set up in 1955 to insure members, beneficiaries and family members against the financial consequences of disability and old age of members, and death of members and beneficiaries. CERN is a non-profit research laboratory ...
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Swift-footed giant takes the crown
The 2003 IPE Awards European Gold Winner for best European Pension Fund, ABP, is that rarest of beasts – a giant pension fund that is quick on its feet. As the judges for the IPE Awards commented: “Still and despite being the largest and opinion leading European/Dutch pension fund, it ...
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Focusing on customer service
The pension fund of ABP, Europe’s largest retirement plan, needs little introduction. A self-administered public pension fund for employers and employees in the government, education and defence sector, at year-end 2002 its customer base consisted of approximately 1.1m active participants, 700,000 inactive participants and 700,000 pensioners. The insured are employed ...
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Seeking out security for employees
A very new fund, the Vodafone Pension Trust is a CTA that was only established in March 2003, sponsored by Vodafone Deutschland. Open to all 10,000 participating employees in Germany, it offers a defined benefit (DB) scheme plus an employee-financed defined contribution (DC) scheme for 1,500 active members, 800 retired ...
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The right numbers for telecoms employees
With the establishment 12 years ago of its own pension fund management company, Fonditel Pensiones EGFP (Fonditel), telecoms group Telefónica claims to be the pioneer model of the new second pillar pensions industry in Spain. Fonditel’s mandate was to implement its own autonomous investment policy with the objective of ensuring ...
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Fund of funds gives focus to private equity investment
ATP Private Equity Partners was set up two and a half years ago to manage the global private equity investments on behalf of ATP and SP, the Danish supplementary pension arrangements. ATP Private Equity Partners combines the private equity incentive and co-investment model with the long-term capital source from an ...
