Asset Allocation – Page 302
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Features
ABP and PGGM to buy Dutch bank
In a mould-breaking move, the two largest Dutch pension funds ABP and PGGM have made a bid to take over specialist Nationale Investeringsbank (NIB) and acquire the 35% shareholding owned by the state. We are buying into a bank and combining some of the interests of the two funds,” says ...
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Features
Portugal changes the rules
The Portugese pensions environment has been hit by a new government legislative change to the social security landscape.The initiative arrived last month in the form of a new law significantly changing social security rules.Previously, pension rights were only available from age 65 onwards or 60 in special cases.Now, any person ...
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Features
Romania's pensioners at the crossroads
Nine years on from its historic revolution and Romania’s pension scheme is still controlled by the government. The pension system is funded through a proportional earnings-based social insurance tax. The entire old age pensioner population is supported by a 23% contribution from each employee’s gross monthly salary. Simply put, the ...
