All Features articles – Page 430
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Features
Pension systems developed to meet different needs
ARGENTINA The pension reform in Argentina was approved in 1993, establishing a mixed system consisting of a public pension pay-as-you-go pillar, complemented by a mandatory second pillar in which workers can choose between privately managed individual accounts or a publicly managed defined benefit scheme. Affiliation to the system, the Sistema ...
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Features
Using multinational pooling for effective management
In essence, multinational pooling is a technique that allows organisations with multiple operations around the world to consolidate their employee benefit insurance contracts in these countries with a local insurer of an international insurance network. Financial and non-financial advantages of multinational pooling are often described to include: q economies of ...
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Features
Innovative products enliven the market
The major trend in European derivatives has been the degree of innovation in terms of the listed derivatives markets. This ranges from the initiatives into single stock futures as developed by the London International Financial Futures & Options Exchange (Liffe), which include both domestic and a range of European and ...
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Features
What every multinational needs to know
Multinational companies, whatever their size, need two essential things for successful employee benefits and pension provision: information on the benefit programmes offered in each of their local subsidiaries; and centralised financial control of each of the programmes. Global human resources managers must be open to local alternative concepts and understand ...
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Features
Obtaining fair value for money
All investment transactions are the result of the interplay between the investment fundamentals of risk, return and cost. Transacting derivative deals enables the risk and return characteristics of portfolios to be altered and costs to be controlled or reduced. The fact that, by definition, the value of a derivative is ...
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Features
Never mind the quality, feel the width
In times gone by, in a market that has long since evolved, there was just one way to tell whether an institution was getting value for money from its forex provider. Luckily for the investor, it was a very simple measure of value, easily observed. This universal metric was, of ...
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Features
Rise and rise of Luxembourg specialised funds
It was a surprise when, through the publication of my article on Luxembourg specialised investment funds (LSI) in the Luxembourg supplement published with the February issue of IPE, it became evident that LSI had already reached a volume of nearly e40bn by autumn 2000. Since then, the 2000 year-end figures ...
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Features
Structures to tame hedge funds
Pension professionals are expending considerable amounts of energy on alternative investments, and particularly that category labelled ‘hedge funds’, at a time when the traditional asset mixes of equity, bonds and property are failing to deliver the required level of return and are becoming increasingly correlated. However, even if hedge funds ...
