All Features articles – Page 343
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Features
Going down the private road
Macedonia is one of Europe’s most impoverished countries, with deep-seated political problems stemming from the aftermath of Yugoslavia’s bloody disintegration. Nevertheless, it has prioritised the reform of its pensions system. “Macedonia has certainly been brave in implementing its pensions reforms,” observes Iain Batty, partner at CMS Cameron McKenna, the legal ...
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Features
Who's for private equity?
Pension funds have been identified as one of the factors that could help in the development of the European private equity industry. The European Venture Capital Association says that it has identified 10 indicators – of which five are tax related – which can contribute to “shaping” a favourable environment ...
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Features
Hard pressed to live up to expectations
Is UCITS III another damp European squib that will sputter weakly before crashing? Certainly a head of steam seems to be building up among the professionals very much involved in implementing its provisions, both from the aspects of what is not in it as much as for what is in ...
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Features
Stoxx ready for next five years
Daniel Brooksbank In February this year, the Dow Jones STOXX indices celebrated their fifth birthday. But the celebration was surely muted given the jaded performance of European markets in the last few years. Indeed, the Dow Jones STOXX 50 index declined by more than 3% in March, taking its year-to-date ...
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Features
Key points of Macedonia's fully funded pension rules
Pension companies Pension companies are established exclusively to manage pension funds. For the first 10 years following the law’s implementation, on January 1, 2004, a company can only manage one fund. The minimum share capital is the Macedonian denar equivalent of E1.5m. Once the assets reach E100m equivalent, the share ...
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Features
The pendulum never stops half way
Are we going to see a double-dip recession? Will deflation hit? Surely the equity markets can’t get much worse, with the US and UK indices nearly halving (not to mention Germany which has gone down by nearly 75%)? After all, how sustainable is a situation where the dividend yield on ...
