Asset Allocation – Page 229
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Features
Going down the private road
Macedonia is one of Europe’s most impoverished countries, with deep-seated political problems stemming from the aftermath of Yugoslavia’s bloody disintegration. Nevertheless, it has prioritised the reform of its pensions system. “Macedonia has certainly been brave in implementing its pensions reforms,” observes Iain Batty, partner at CMS Cameron McKenna, the legal ...
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Features
Key points of Macedonia's fully funded pension rules
Pension companies Pension companies are established exclusively to manage pension funds. For the first 10 years following the law’s implementation, on January 1, 2004, a company can only manage one fund. The minimum share capital is the Macedonian denar equivalent of E1.5m. Once the assets reach E100m equivalent, the share ...
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Features
The pendulum never stops half way
Are we going to see a double-dip recession? Will deflation hit? Surely the equity markets can’t get much worse, with the US and UK indices nearly halving (not to mention Germany which has gone down by nearly 75%)? After all, how sustainable is a situation where the dividend yield on ...
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Features
Spanish pensions buoyant in 2002
The assets under management at Spanish occupational pension schemes rose 12.31% to E21.15bn at the end of 2002, according to figures released by Inverco, the Spanish association of institutional investors and pension funds. The number of occupational pension account holders rose 12.76% to 614,000, while the number of occupational schemes ...
