Asset Allocation – Page 331
-
Features
Getting all in one picture
Eastman Kodak could become the first multinational to establish a pan-European system that will allow it to manage its European assets as if they were in one investment pool.By the end of 1998 all assets in Europe will be managed centrally on a long-term eq-uity basis, saving the company an ...
-
Features
Pension funds test asset limits
The Danish system of pension investment limits is under pressure from an unusual quarter. A 30% rise in the value of the Copenhagen Stock Exchange has created problems for two of the largest public sector pensions funds. ATP (Arbejdsmarkedet Tillaegspension) and LD (Lomodtagernes Dyrtidsfond) have found themselves close to the ...
-
Features
World Bank loan for Hungarian pensions
The World Bank is loaning $150m to the Hungarian government to support the introduction of the new mandatory pension system.Roberto Rocha, principal economist in the World Bank regional office in Budapest says: We are giving them a loan because this transition is going to have some costs. We are helping ...
-
Features
CCIM favours equities
In the past months, moderate world economic growth and a low inflation and interest rate environment have been propitious for an asset allocation favouring equities over bonds and cash. Although the times of monetary expansion are over and interest rates are trending higher, the rise is modest and will remain ...
-
Features
Norway's parties clash on oil fund
The Norwegian election result could lead to a smaller portion of the country’s Petroleum Fund being invested in equity markets worldwide.The failure of Norway’s Labour party to achieve an overall majority has opened the way for several weeks of horse trading as parties try to form a workable coalition government. ...
-
Features
Comparing plan values
Is it possible to compare different employers’ pension plans? Buck Consultants in Geneva certainly thinks so and has devised for the Swiss market a method of calculating a ‘technical value’ for each employer’s plan. The exercise was based on a database consisting mainly of internation-al companies operating in Switzerland.We have ...
-
Features
Italy: the future is DC
Italy’s first law regulating private pension plans was Law Decree 124/1993, issued on 21 April 1993. The most significant elements are that: only DC plans are allowed for employees (with only the self-employed being able to choose DB); strict limits are placed on the amount of tax-deductible contributions that can ...
