All Features articles – Page 303
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Features
All hands on deck for this system
Despite being in the job for not more than a year, Dirk Witteveen, chairman of the Dutch Pensions and Insurance Supervisory Authority (PVK), made a name for himself – for better or for worse – when he wrote his infamous solvency letter to Dutch pension funds in September 2002. The ...
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Features
Conservative approach
Management of pension funds in Spain is dominated by a few major financial institutions and insurance companies. The top three providers, BBVA, La Caixa and Santander manage 45% of total assets under management, while the top 10 represent three quarters of the market. Santander’s asset management unit is one of ...
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Features
Deutsche Asset Management
Deutsche Asset Management (DeAM) is Europe’s largest active manager of segregated pension funds† We invest over US$700bn* on behalf of our clients around the world and employ over 800* investment professionals covering equities, bonds, alternative and property investments across the entire risk/return spectrum. DeAM is geographically divided into three regions ...
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Features
Attracting novice investors
Since the beginning of 2004 two new investment companies operating as funds of hedge funds (FOHFs) have become listed on the London Stock Exchange, swelling the progress of a new theme in institutional hedge fund investment in the UK. Though the international universe of hedge funds, whether single strategy or ...
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Features
An awkward bedfellow
Many defined benefit (DB) pension schemes are seeking ways to regain a fully funded status by increasing contributions and maximising investment returns. However, they are also concerned about controlling risk and ensuring that contribution levels are kept under control. Most schemes cannot afford to move to a ‘low risk’ 100% ...
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Features
Spanish trustees need to go back to school
The issue of education in financial and investment matters as a fundamental need of pension fund trustees in Spain was confirmed in a recent survey carried out by Mercer. The survey into corporate governance among second pillar pension schemes was the first of its kind in Spain. One of its ...
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Features
French working life balance tilts
Passed by the French Parliament in July 2003 then validated by the Constitutional Council, the law on pension reform was published in its final form (as law No 2003-775) on 21 August 2003. A number of articles of the law are still to be dealt with by decree in the ...
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Features
The big handover
This month’s Off the Record considers the issue of outsourcing. The trend of pension funds to outsource the management of their assets to external managers is already well established. Less common is the decision to outsource their mid and back office functions. The reason why a medium small or medium ...
