All Features articles – Page 145
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FeaturesGoing the funded route
Voluntary pension funds are growing in importance as a hedge against a decline in the mandatory pension and as an employee retention tool, says Nina Röhrbein
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FeaturesOn the acquisition trail
Banks dominate the French securities services scene and they are taking their home market expertise abroad, reports Heather McKenzie
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FeaturesWhy a global scope assures GTAA returns
In spite of recent reverses, global tactical asset allocation has developed from an add-on strategy to an integral part of a pension fund’s investment portfolio, according to a recent study. David White reports
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FeaturesWhat’s the benefit?
IPE asked three pension services – in Denmark, the UK and the Netherlands – the same question: ‘What are the merits and pitfalls of your benefits models?’ Here are their answers:
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FeaturesWaiting for a breakthrough
Investment consultants has seen little change since the 2003 reforms but actuaries find business is booming, says Rachel Fixsen
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FeaturesHow we run our money: Freedom to choose
Most Icelandic pension funds are based on collective agreement, but Frjalsi is different. David White speaks to Arnaldur Loftsson, Frjalsi’s managing director, about his fund’s innovative benefits and investment structures
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FeaturesChoosing the right path
This year’s Rendezvous With Pensions will set the agenda for the next five years and beyond. George Coats assesses the options
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FeaturesOn a steep learning curve
Momentous changes are taking place in the staid world of cash management. “The euro-zone single euro payment area (SEPA) took effect from 28 January this year,” says Andy Reid, head of northern European treasury for Deutsche Bank. This obliges banks to treat cross-border cash transfers as those within one country, ...
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FeaturesRedefining DC
Moving away from DC may not involve shifting all the risk to the individual. Maha Khan Phillips examines some of the other options that pension funds, particularly Dutch ones, are coming up with
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FeaturesLooking for more diversification
The civil servants’ scheme is searching for both an investment consultant and a new CEO to lead a diversification of its investment universe. George Coats reports
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FeaturesWhat to do when the wolf is at the door
Next to banks, pension funds are the second largest investor in European private equity. As investors they may be involved, as limited partners, in the leveraged buyouts of companies and their pension schemes - a subject of considerable controversy recently. Pension fund boards therefore face a dilemma: private equity can ...
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FeaturesThe ups and downs of volatility
Joseph Mariathasan examines the impact of the recent market turmoil on the credit markets and asks where opportunities for institutions in 2008
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What price fair value?
It is a given that any change to pensions accounting will inevitably produce earnings volatility. A Georgia Tech research team led by Dr Charles W. Mulford has recently attempted to answer the question: by how much? Starting with an analysis of “changes to the balance sheet and its effects on ...
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Features
Fortis Investments looks to fiduciary
The fortunes of a CEO can vary with the tides, particularly when it comes to mergers and acquisitions. Sometimes a merger makes their position redundant; other times it can catapult the CEO to the helm of a new entity that has changed beyond recognition. Fortis Investments’ future was ...
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FeaturesThe sleeping giant of Valley Forge
A triumvirate of US asset managers dominate passive investment. Between them, State Street Global Advisors (SSgA), Vanguard and Barclays Global Investors (BGI) manage over $3.5trn (€2.3trn). But while BGI and SSgA have built hedge fund and active management businesses, and have swept up business in European pension markets, Vanguard has ...
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FeaturesMaking sense of an uncertain future
New mortality research conducted for the UK Actuarial Profession should help guide future assumptions, argues Dave Grimshaw
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Features
Staff thin on the ground
The scarcity of experienced back office staff is a major driver of the uptake outsourcing services by both buy side and sell side institutions. With investment managers and pension funds becoming ever more sophisticated in their investment strategies, back offices are struggling to cope with the added processing burdens being ...
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Features
How we moved our money
Last year, the Dutch pension fund PME mandated Mn Services with the fiduciary management of its assets, and took a stake in the company, in what was the largest ever European portfolio transition. Iain Morse discusses the transition aspects of the deal with Roland van den Brink of Mn Services
