Asset Allocation – Page 273
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Features
Using multinational pooling for effective management
In essence, multinational pooling is a technique that allows organisations with multiple operations around the world to consolidate their employee benefit insurance contracts in these countries with a local insurer of an international insurance network. Financial and non-financial advantages of multinational pooling are often described to include: q economies of ...
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Features
What every multinational needs to know
Multinational companies, whatever their size, need two essential things for successful employee benefits and pension provision: information on the benefit programmes offered in each of their local subsidiaries; and centralised financial control of each of the programmes. Global human resources managers must be open to local alternative concepts and understand ...
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Features
New law for private schemes
The problems of an ageing population are not confined to large countries, as Malta’s experience shows. Despite a buoyant economy and a well-established social security system, the government is preparing legislation to ease the introduction of private pension schemes, including provision for international retirement plans. The latest available figures show ...
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Features
Scepticism still the prevailing mood
A year ago at this time, market watchers in Japan were still hopeful that momentum from the nearly 60% surge in share prices in 1999 would carry over into 2000. The first few months of 2000 saw the TOPIX index covering Tokyo Stock Exchange first-section companies—some 1,450 stocks—hover around the ...
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Features
OPERF's balancing act
Oregon Public Employees Retirement Fund (OPERF) is one of the most aggressive and successful US public pension funds. Its performance speaks for itself: 20.6% annual return for the 12 months ending September 30, 2000; 16% annual return for the five years ending the same date. But its success is also ...
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Features
New agency to oversee funds
The Republic of Macedonia has been in the headlines for all the wrong reasons over the past few months, but surprisingly its economy has shown a strong performance and its government a commitment to social reform. Sadly last month the threat of civil war emerged again, although the government refuses ...
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Features
The beginning of reform
The Belgian government has taken a step forward in the development of the country’s pension fund system, with a proposed new law aiming to promote the consolidation of the second pillar. The new law, subject to review, will probably come into force at the end of the year. It will ...
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Features
Opportunity to improve benefits management
The world of financial reporting of retirement benefits for UK-based multinationals changed in November 2000 when the UK Accounting Standards Board (ASB) published Financial Reporting Standard 17 (FRS 17). FRS 17, which values plan assets and liabilities by reference to current market conditions, is very different to the previous standard ...
