Asset Allocation – Page 340
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Features
DB or DC: the debate
Supporters of defined benefit put up a spirited defence of their system against the advocates of defined contribution during a debate at the Asinta network’s annual conference in Rome last month.Roy Cecil, director of human resources Europe, Beckman Instruments, accused proponents of DC of cowardice and gross violations of human ...
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Features
EMU threat
The head of a US employee benefits company has warned European countries of the threat of pensions liabilities to EMU.Pointing to the EMU timetable, Michael Gulotta, chief executive of ASA, which anchors the Asinta gobal benefits network, raised the issue of pension liabilities: The national debt criterion becomes particularly interesting ...
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Features
Germany looks at new funding schemes
Occupational pension plans in Germany are mainly financed by building up pensions liabilities in the company through the book reserve system. The external financing vehicles are insurance policies and two types of pensions funds: the Pensionskasse and the Unterstützungskasse (support fund).Currently, three new approaches for external pensions funding are being ...
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Features
Legal snag hits Italian plans
Legal difficulties surrounding the participation of trade unions on the boards of planned Italian company pension plans mean the first contributions will not be paid until 1998.The Corte dei Couti, a body which oversees the content of legislation, last month struck down a decree put forward by labour minister Tiziano ...
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Features
Hong Kong: Strength from within
The Hong Kong market has been affected by sentiment indicators but is fundamentally strong, according to Chung Man Wing, director of HSBC Asset Management Hong Kong, which manages part of the pension investments for HSBC’s em-ployees in Hong Kong and elsewhere.In the very near term, worries about the local property ...
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Features
Sweden: Record performance
Equities look set to bring a positive return for the fourth year running on the Swedish market. Currently hovering at around the 12% mark, analysts are hopeful that performance will be maintained, though are divided as to the extent.Bjorn Olsen, chief investment officer of Skandia, is cautiously optimistic on the ...
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Features
Robeco plans for robust US recovery
With a robust recovery in the US, signs of a recovery in continental economies and ongoing growth in Japan, one might expect synchronised global growth in the second half of 1997, a shift to more neutral monetary policies worldwide and rising bond yields. Robeco’s Investment Policy Committee (IPC) still believes, ...
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Features
EURACS warns of danger ahead for Euro companies
Europe’s companies, particularly those based in southern Europe, could find themselves bearing the cost of social security cutbacks, a European consultancy network has warned.The warning accompanies the re-cently published report EURACS Pension Summaries, a survey of social security and pensions arrangements across Europe, compiled by EURACS member firms.In a statement ...
