All IPE articles in December 2007 (Magazine) – Page 3

  • Features

    Fully funded

    December 2007 (Magazine)

    Sandy Flight, chief exchequer officer, Dundee City Council in Scotland, tells David White that the main objective of Tayside Superannuation Fund is to maximise overall return within reasonable risk parameters, and that means having a clear asset allocation strategy and sticking to it

  • Features

    Finding the right level

    December 2007 (Magazine)

    Founded in 1961, Inarcassa began life as the state-run pension fund for Italian Architects and Engineers.

  • Features

    Default dilemmas

    December 2007 (Magazine)

    Now that the US Department of Labor (DoL) has defined which default investments for 401(k) participants are right, will employers’ lives be easier? Not necessarily.

  • Features

    Custodians warm to Spain

    December 2007 (Magazine)

    Good fundamentals are attracting securities services providers but there are hurdles for non-resident investors, writes Heather McKenzie

  • Features

    Making choices the fun way

    December 2007 (Magazine)

    Effective communication in the pension scheme world is paramount, as how well you get the message across affects the many choices members have to make to ensure they get the best level of pension income when they retire.

  • Features

    Phasing in changes

    December 2007 (Magazine)

    There is movement on the state pension front in Portugal, Iain Morse finds

  • Features

    Broadening the options

    December 2007 (Magazine)

    New regulation may go some way towards widening the investment possibilities for Spain’s pension funds, Iain Morse finds

  • Features

    A little bit more can go a long, long way

    December 2007 (Magazine)

    Sweden’s public sector AP3 scheme, one of the Swedish government’s four state buffer funds, has had a bit of a rough ride recently. After achieving the lofty heights of 17.7% returns for what it must have considered a stable portfolio at the time, last year’s 9.5% has led to a rethink that has seen AP3 once again walk away with a couple of IPE’s renowned European pensions awards – not least the one featured here as Sweden’s best scheme.

  • Features

    Reaping the benefits

    December 2007 (Magazine)

    Funds of funds continued their healthy performance in October, and the Eurekahedge Fund of Funds index rose an impressive 3% during the month.These returns came on the back of strong performance of underlying hedge funds, which did well against the back drop of soaring equity-prices, surging commodity-prices, and further declines ...

  • Features

    Balancing life and pensions

    December 2007 (Magazine)

    Starting with a blank canvas back in 2003, the creation of the Bank of Ireland’s LifeBalance product was one of three components of the bank’s new integrated group pensions strategy that was developed by the group pensions department. The three components are governance, benefits and fund structures.

  • Features

    Playing the away game

    December 2007 (Magazine)

    Oslo Pensjonsforsikring is Norway’s largest local authority pension scheme. Named after the city it represents and with assets of €4.4bn, it manages and provides pensions income and benefits for some 30,000 active members, 23,000 deferred members and almost 56,000 pensioners who work or have worked in the Norwegian capital’s public sector.

  • Features

    A single manager approach but wide net to cast

    December 2007 (Magazine)

    Investing in hedge funds requires specific skills and careful monitoring. Pension schemes usually use hedge funds to ensure a robust diversification and the safest and perhaps easiest method of investing in this increasingly common alternative is through funds of funds. But for Ilmarinen, Finland’s €23bn multi-employer scheme, which has 3% or €750m of its overall portfolio in hedge funds, that is no longer enough.

  • Features

    Taking on the alternatives

    December 2007 (Magazine)

    IPE asked three pension services – in Croatia, Sweden and the Netherlands – the same question: ‘What is your attitude to alternative investments?’ Here are their answers:

  • Features

    All your eggs in one basket

    December 2007 (Magazine)

    The small but innovative €566m Bosch hybrid group pension scheme remains the only occupational pension fund in Germany to apply changes to accounting practices introduced in 2005 by the International Financial Reporting Standards board which affect the way companies view their pensions.

  • Features

    One step ahead of the law

    December 2007 (Magazine)

    Switzerland’s €2bn ABB Pension Fund is no slave to regulation and even claims the way it interprets pensions law in the rich Alpine state has enhanced the way the regulations have evolved there.

  • Features

    Bank paper takes hit after subprime crisis

    December 2007 (Magazine)

    Yield curve/durationAnother rate cut from the US Federal Reserve was announced in the midst of some very ugly reporting numbers from several of the leading US investment banks. In its accompanying statement after announcing the quarter point cut, the Fed made it very clear that this was to be the ...

  • Features

    Actors in search of a role

    December 2007 (Magazine)

    Investment consultants have yet to carve our much of a niche in the Spanish pensions market, George Coats finds

  • Features

    Excellence across the board

    December 2007 (Magazine)

    This year’s IPE awards again sees a bumper crop of entries at an excellent standard.

  • Features

    Acclimatising to normal life

    December 2007 (Magazine)

    Alan Steele retired earlier this year as director of finance at the London Borough of Hounslow with oversight of the borough’s pension scheme, which has assets of £480m (€666m). He talks to George Coats about his career