Asset Allocation – Page 281
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Features
Estonia puts the pieces in place
Estonia’s PAYG pension system is suffering from a shortfall between contributions and payments. The need for reform is apparent as the gap is steadily growing. Average salary calculated by the government is EEK 3,700 (E236). The mandatory retirement age is 60 for men and 55 for women. In 1996 a ...
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Features
How Irish fund will invest €6bn
The Irish Stability Fund, amounting currently to €5.4bn, is held in a temporary holding fund benchmarked to cash, awaiting another contribution this year of €800m equivalent to 1% of GNP, an Irish Association of Pension Funds conference in Dublin was told last month. John Corrigan of the National Treasury Management ...
