All Features articles – Page 208
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Features
Salary conversion under threat
To continue to safeguard German pension provision in the future, the general aim is to strengthen funded private and company pension schemes. In the field of company pensions, which in the past has been used fairly cautiously in Germany, the legislator has risen to the challenge by implementing significant changes ...
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Features
Holding to your course
Anyone searching for evidence that the dash from equities into fixed income by pension funds was not a universal phenomenon in the UK need look no further than the West Midlands Pension Fund. The Wolverhampton-based fund, with assets of around £7bn (e9.5bn 8.6bn) administers the Local Government Pensions Scheme (LGPS), ...
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Features
Europe on slow crawl upward
Yield curve/duration Yield curves have been adjusting to investor forecasts on what the European Central Bank (ECB) might do next. Whereas last month there was debate about whether there would be another rate hike in the first half of the year, the consensus is now swinging to the opinion that ...
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Features
Land of opportunity for custodians
With a large base of unfunded pension liabilities, global custodians view the German market as one ripe with opportunity. In the past few years, all of the main global custodians have entered the German market, despite an oversupply of local depot banks. “Depot bank and fund administration in Germany in ...
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Features
RBC Dexia's optimism
Monkey fingers, toe-jam football, joo joo eyeballs and walrus gumboots not unsurprisingly failed to put in an appearance, but when Royal Bank of Canada’ s Global Services, its securities services operation and Luxembourg-based Dexia BIL announced last summer that they were to come together to form a new joint venture, ...
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Features
Norway and Iceland missed out on pensions directive
The European Economic Area states of Norway, Iceland and Lichtenstein have seemingly been left out in the cold regarding the adoption of the European occupational pension funds directive. “The directive has not been passed in the Joint Committee for the EEA EFTA states,” according to a European Free Trade Association ...
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Features
Turning overtime into downtime
Ask asset managers doing business with German corporate pensions what they feel is driving the industry these days, and many will rattle off two acronyms: “CTAs and ZWKs”. No need to worry if these acronyms don’t ring a bell. No one outside of corporate pensions in Germany has a clue ...
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Features
Russian evolution
The new Russian pension system, based on the Swedish funded system, was launched on 1 January 2002 when the new pension legislation was enacted. Originally, males born before 1952 and females born before 1956, did not get the right to participate in the funded pension pillar. For everyone else, employers ...
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Features
Firms in Germany plan pan-European schemes
Nearly half the big companies active in Germany plan to create some type of pan-European pension scheme by 2010 following the emergence of the EU pension fund directive, according to a new study by consultant Rauser Towers Perrin. The consultancy firm found 42% of the companies said they would create ...
