All articles by George Coats – Page 10
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News
Danish funds plan joint pension service company
DENMARK – Three Danish pension groups are to form a joint company to offer member services, actuarial service, financial services and IT to other Danish labour market pension funds.
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News
Slovakia says pension reform on track
SLOVAKIA – The collapse of Slovakia’s governing coalition last week will not endanger the country’s pension reform programme, according to finance minister Ivan Miklos.
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News
PensionDanmark reports 15.3% return
DENMARK – Blue-collar sector pension fund PensionDanmark has posted a pre-tax investment return of 15.3% for 2005.
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News
PKA's eight Danish funds post high 2005 returns
DENMARK – The eight pension funds managed by industry-wide pension provider PKA posted an average investment return of 18.4% in 2005.
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News
Icelandic pension legislation delayed
ICELAND – A bill raising the government’s contribution to the civil servants’ pension fund and extending the pension rights of the self-employed has been delayed in parliament, the Althingi.
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News
AMF Pension announces contribution holiday
SWEDEN - AMF Pension has announced that it is to grant a contributions holiday for this year to 100,000 employers that contributed to a discontinued defined benefit pensions scheme for Swedish blue-collar workers.
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News
ING merges Slovak pension units
SLOVAKIA – ING has merged recently acquired pension fund Sympatia-Pohoda dss with its existing pension fund, ING dss.
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Features
Breaking the mould
While Austrian-born California governor Arnold Schwarzenegger has been grappling with the California Public Employees’ Retirement System (CalPERS), in the land of his birth the Austrian government was having considerably more success trying to bring its own public service pensions arrangements into line with those of the rest of society. “It ...
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Features
Still waiting for changes
The source of the major challenge for Portuguese pension funds is clear: it’s the state. But not in the way seen elsewhere in Europe, where governments place investment and other restrictions on pension funds. Rather it’s its all-encompassing presence in the pensions arena and the resulting universally held belief this ...
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Features
Iceland casts eye abroad
The Icelandic pension fund sector is undergoing parallel developments that are having a direct impact on the management of its assets. The first is an ongoing process of consolidation, which has gradually reduced the number of pension funds from an original 100 to a current 48 and which is anticipated ...
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News
EFRP welcomes two new Italian members
EUROPE – Italy’s industry-wide occupational pension fund association, Assofondipensione, and the Italian asset management association, Assogestioni, will join the European Federation for Retirement Provision (EFRP) as full members on 1 January 2006.
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News
Storebrand ‘ready for mandatory schemes’
NORWAY - Norwegian financial group Storebrand says that it is prepared for next year’s introduction of mandatory pension schemes for employees in Norwegian companies.
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News
Hutton named UK pensions minister
UK – British Prime Minister Tony Blair today appointed John Hutton to succeed David Blunkett as work and pensions secretary.
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Features
Starting a system from scratch
The office of Mikhel Oim, executive chairman of Hansa Fund Management, is in Tallinn’s burgeoning modern business sector, which spreads out below the picturesque old walled town. Its location mirrors the country’s pensions sector, which has seen new second and third pillar schemes grafted onto a crumbling Soviet-era PAYG first ...
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Features
Working compromise
The Finnish government is the envy of its European counterparts when it comes to the pensions issue. Old age pensions have a minimal impact on Finland’s fiscal situation as no public money goes towards them, the budget only being called upon to provide a basic state pension for those with ...
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News
Danes launch €70m public-private SRI fund
DENMARK - Nine Danish pension funds are to invest some €63m in non-listed companies in less developed countries in a public-private initiative under which the Danish government will share many of the preparatory costs.
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News
Aberdeen AM distributor eyes Libya
EUROPE – A joint venture partner of Aberdeen Asset Management is in dealings with the Gaddafi regime in Libya, it has emerged.
