All Country Report articles – Page 62
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Country Report
Ireland: On the road to diversity
The pummelling suffered by Irish pension funds in the recent financial crisis is encouraging them to review their investment risk strategies, writes Nina Röhrbein
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Ireland: Subtle changes needed
The managed fund sector recovered some of its disastrous 2008 losses over the course of last year. Nina Röhrbein assesses the state of play
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Hungary: A case of bad timing
Thomas Escritt reviews the decision to introduce multiple risk portfolios for supplementary pension funds
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Poland: On a collision course
A proposal to cut second pillar contributions to pension funds would leave most OFE pension funds unprofitable and the rest to invest in low-yielding investment strategies, finds Krystyna Krzyzak
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Russia: Deploys the big guns
Russia’s two new sovereign wealth funds were instrumental in supporting the economy during the economic crisis. Martin Delaney reports
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Romania: Teething troubles
Economic difficulties and political turmoil have hindered but not derailed the country’s creation of a three-tier pension system. Thomas Escritt reports
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CEE: Pensions and the economic crisis
The global recession has affected the countries of central and eastern Europe in markedly different ways. Krystyna Krzyzak analyses the significant impacts of the crisis on the region’s supplementary pensions systems
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Spain after the deluge
Most Spanish pension funds increased exposure to equities in 2009, finds Gail Moss. What will they do next?
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Spain: Social security still rules
Ninety per cent of Spanish workers do not have access to a secondary pension fund, and are reliant on the first pillar social security pension. Nina Röhrbein looks at the measures taken by the Spanish government as it seeks to readdress this imbalance
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Portugal on the beaten path
Nina Röhrbein discusses how the prudent person approach, coupled with global financial crisis, has affected asset allocation at Portuguese pension companies
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Supplementing social security
As parametric reforms, which have been gradually coming into force in Portugal since 2002, are set to reduce the first pillar state pension benefits, the government needed to bring in a system to compensate for loss of income.
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Under scrutiny
Gert Verheij discusses new rules concerning structure and risk management at Portuguese pension companies
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Country ReportDanes fly the green flag
New reporting rules will ensure that Denmark’s pension funds continue to push out the boundaries of social responsiblity in a country that’s already a world leader in green energy development, finds Rachel Fixsen
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Finland:New law to boost retirement saving
Pirkko Juntunen gives a roundup of the Finnish government’s proposals to boost pension saving and expose mutual pension providers to outside competition
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Iceland:One year on
Iceland’s pension funds were subject to emergency currency controls as the country underwent unprecedented turmoil and de facto insolvency. Nina Röhrbein assesses the problems faced by Iceland’s pension funds as the country searches for a route to economic recovery
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Sweden AP funds prepare for future
Sweden is far from resting on its pension reform laurels, the social security minister tells Pirkko Juntunen
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Country Report
AP1 New strategic focus
Shifting its focus to asset allocation and risk management and realising the importance of finding new and more efficient ways of managing assets was already apparent to Sweden’s AP1, the First National Pension Fund, ahead of what has become the worst financial crises and economic downturn in modern history.
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AP2 Back to basics
It is often said that there is nothing like a crisis to focus the mind. This is certainly true of AP2, the Second Swedish National Pension fund, which has come through the turmoil with a new focus and a streamlined investment team.
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Country Report
AP3 Opportunities out of adversity
Despite what most in the financial sector would call a truly annus horibilis, the Third National Pension Fund in Sweden, warns against panicking and staring yourself blind on one bad year, particularly as an investor with a long investment horizon. Instead the management of the fund continues to focus on ...
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AP4 Improvements despite criticism
Public pension funds are scrutinised in general and every decision is under the microscope, perhaps more so than in most areas in Sweden, with its tradition of open and transparent governance.
