All Features articles – Page 209
-
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 ...
-
Features
How tight a hold on the reins?
Last month, Paternoster, a company created by former Prudential UK head Mark Wood, announced that it has secured £500m (e722m) of equity financing. The firm has been set up to transfer the defined benefit pension fund liabilities off a corporation’s balance sheet and into an FSA regulated insurance company. Amongst ...
-
Features
Nuclear option for IORP?
After a somewhat quiet period, the directive on occupational pension funds is now very much back on the agenda at Brussels. It may be hard to believe but it’s now almost two and a half years since the Institutions for Occupational Retirement Provision (IORP) directive passed into European legislation. Member ...
-
Features
Looking for the positive
An ancestor of George Putnam, the founder of US mutual fund manager Putnam Investments, established the original ‘prudent man principle’ which money managers to handle investor’s money as they would their own Three years ago Putnam Investments was involved in an improper trading scandal where some employees were found to ...
-
Features
The practical realities
There was much fanfare and press coverage about the pensions directive, which was finally a legal requirement from 23 September 2005. In comparison, the proposed portability directive has received relatively little in the way of media attention – but the financial consequences of this legislation are far more worrying for ...
-
Features
EU action may boost funds
With the exception of Italy, Denmark and Sweden, all EU member states apply either the EET or the TEE system to pension taxation. EET means that the pension contributions are ‘exempt’, that is the contributions are deductible from the taxable income, the investment results of the fund itself are also ...
