Asset Allocation – Page 231
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Features
Building up extra pension
The big Dutch pension schemes have come under increasing member and political pressure to offer more individually tailored pension plans offering greater choice and flexibility than the uniform approach demanded by the defined benefit structures. One response was to set up an insurance subsidiary to be able to provide individual ...
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Market deep in change
The current downturn in markets has presented Irish pension funds with what Nora Finn, chief executive of the Irish Association of Pension Funds (IAPF) calls the new ‘realism’. Parodying the new ‘investment paradigm’ phrase that was banded about liberally just a few years ago, Finn says the new realism means ...
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Croatia's model system
After a year of operations, Croatia’s compulsory pension system has been judged a success. As of the end of 2002 the seven compulsory pension funds accumulated 938,310 members and net assets of HRK2.04bn (E285m). More than that, virtually all contributions are in the correct place and most of the future ...
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More returns without increasing risk?
Amid greater longevity and falling stock markets risk management has become a much more important issue for pension funds than ever before. However, different pension funds are tackling the problem or having the problem tackled for them in very different ways. Whilst a number of well resourced companies remain firmly ...
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The Neyt legacy
The only guide to managing our pension fund assets are our liabilities – these are the raison d’être of pension funds. Never think asset only. You must not manage a pension fund like an investment fund. Your asset allocation is based on your liability characteristics. So if they are index-linked ...
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Risk management providers
o Algorithmics Algorithmics was set up in 1989 to develop risk management software. It is based in Toronto, and has more than 140 clients in 26 countries. Products: The company focuses on implementing risk management software for enterprises. Its enterprise risk management software Algo Suite, provides a platform for a ...
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Market with split personality
Investors in European equities enter this year with an even greater degree of uncertainty and foreboding than the last. Enormous risks overhang the market, not least the fear of war with Iraq, but also concerns over a double-dip recession and the need for structural reform in heavyweight markets like Germany. ...
