Asset Allocation – Page 339
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Features
Monsanto's global approach
Pierre Burnay explains the benefits and economies to be gained by integrating pension funds into a worldwide network
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Asset/liability modelling set to increase
Two options will be available for funding company pension promises to meet the requirements of the 1995 pensions law - qualified pension plans (QPPs) and insurance contracts.Since QPPs were permitted in 1987, a large majority of the investments have been in relatively short-term fixed-interest assets and cash. This partly reflected ...
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Features
Winterthur's Pensionkasse marks Austrian expansion
The Winterthur Pensionskasse recently formed by the Swiss group in Vienna is seen as an important step in its pensions provision in Austria and for expansion in central and eastern Europe.The Pensionskasse has just become operational as an independent pension fund and taken on its first three clients, one of ...
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Belgian pension funds look for equality with insurers
Belgian pension funds are looking for a level playing field with insurers as the authorities review the relevant regulations.Pension funds hope to expand into fixed commitment funds by running funds on the basis of a tariff and mortality tables - in addition to conventional funds, according to Hervé Noel president ...
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The tangled birth of the French pension fund system
The new law has passed most legal hurdles, but is the demand really there? Gilles Pouzin reportsSocial unrest has not stopped the introduction of France’s new private retirement system, but the new law has not yet won its battle either. After its second parliamentary approval on February 20, the pension ...
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Hermes descends from the heights
Alastair Ross Goobey explains how the UK’s biggest pension fund will grow its investment services on the back of the defined contribution market. Fennell Betson reportsHermes is on the cusp of a momentous next stage in its development. As the UK’s largest pension fund, it is about to take the ...
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Overweight in European equities
The probability that the Fed will raise rates has increased due to unexpectedly strong growth momentum in the US. Not surprisingly, this is to some extent reflected in current US bond prices. This plus decreasing earnings momentum and a stronger dollar put a drag on the US equity market. European ...
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Luxembourg to launch 'European pension fund'
The wraps were taken off the European pension fund made in Luxembourg last month by Lucien Thiel of the Luxembourg Bankers’ Association.The fund would be designed for European companies that want to have “a single pension scheme with common rules for all their employees in different EMU member states” said ...
