Asset Allocation – Page 332
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Features
Not as easy as it sounds
For any multinational considering moving to DC in Europe, it is important to understand the environment in each country, as it is most unlikely that sophisticated US 401K-type DC plans will be possible. The European DC market is still developing, in terms of concept, employee acceptance and the tax regime. ...
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UK support for EU pension reform
The UK pensions minister, John Denham, has strongly backed the Monti green paper, fuelling speculation that pensions reform could become a major theme of the UK’s forthcoming EU presidency.Warmly welcoming the green paper, Denham said: The commission’s analysis of the pensions problem is very much in line with the government’s ...
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UK: on growth track
There is a discernible trend toward DC in the UK, although this may have been exaggerated. The following reasons for this were given by respondents, representing over 40% of UK occupational pensions by value, to the survey conducted by InterSec: increased job mobility; desire for transferability of savings; demand from ...
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Inside track
Outsource your investment management is my cry!Let’s start off with something where protagonists fall clearly into one camp or another and for a multinational, in particular, it’s a key issue: How to manage the in-vestments?”I support the view that investment management should be outsourced to the fund management industry (and ...
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Swiss make the switch
Switzerland is a large and mature pension market in the sense that Swiss employers have typically provided a substantial pension package to employees (in addition to basic social security coverage.) The special factor about the Swiss implementation of the three-pillar system is that the second pillar is compulsory. This comes ...
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Features
Polish reform
The mandatory pensions reform in Poland has completed its legislative passage. President Aleksander Kwasniewski gave his assent to the bill last month. Funds are on course to begin operation on 1 January1999.
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Features
TeleDanmark
With assets of around Dkr18bn ($12.1bn), the TeleDanmark pension scheme is a giant that dominates the corporate pension provision landscape in Denmark. The scheme was long established as part of the original state-owned companies brought together in 1990 to form TeleDanmark, prior to its partial privatisation in 1994. The pension ...
