Asset Allocation – Page 292
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Features
Austria takes next step
Supplementary pensions are becoming of vital importance to the Austrian market, according to the Fachverband der Pensionskassen The income of Austrian retirees is based on the three pillars: state pension, occupational pension and private (individual) pensions. Out of the total yearly benefits (approximately E30bn in 1997), about 90% is paid ...
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Features
Belgium embraces new framework
The introduction of prudent investing has changed the face of the Belgian pensions market for the better, says the Belgian Pension Fund Association. First pillar pensions are generally based on a PAYG-system. In 1997 pension payments amounted to E18.1bn, of which 63% went to the private sector, 28% to the ...
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Features
Luxembourg: Looking at the bigger picture
In the absence of any expected domestic legislation in the near future, Luxembourg is concentrating its efforts on positioning itself as an international pensions centre, says BGL The beginnings of the pension regulations in Luxembourg came early this century with the general retirement pension law coming into force in 1931. ...
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Features
Ireland: Radical change hits market
The partnership approach to retirement issues has worked well for the country, says the IAPF The pension environment in Ireland is in a period of radical change. This era of evolution began with the launch of the National Pensions Policy Initiative (NPPI), by the Pensions Board in 1996. Since then, ...
