All articles by IPE staff – Page 36
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Features
Boots shows another way
The Boots pension scheme is one of the 50 largest UK pension funds, with 72,000 members and £2.3bn of assets (e3.75bn). A move last year to invest 100% of the fund’s assets in long dated bonds, however, made it one of the country’s, if not the continent’s, most talked about ...
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Features
APK puts theory into practice
APK is one of Austria’s largest pension funds with roughly (E1.5bn) is assets under management. The beginning of the year 2000 marked the turning point in the thinking of many institutional investors. Therefore, as a result of the events in 2000, APK reviewed its investment decision-making process and developed an ...
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Features
Siemens tracks assets globally
Siemens employs around 450,000 people worldwide and in the US is the biggest foreign employer with some 80,000 employees. The group’s pensions liabilities, including Germany, amount to some €18.5bn. At the end of September 2002, to coincide with the end of the group’s financial year, the Siemens group treasury department ...
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Features
Successful overhaul of fund's structure garners Award
What the judges said: “Since 2001 PBU has made a giant leap forward which now allows it to be ambitious and search for best practice in all aspects of running a pension fund. Here is a winner.” When the news broke at Denmark’s fledgling PBU pension fund that it had ...
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Features
Award demonstrates that fund has 'got it right'
Though the judges awarded the IPE investment strategy prize for Denmark to Industriens Pension because of its clever outsourcing of asset management, the deliberate balance between internal and external managers and its use of new asset classes, Jan Oestergaard, the head of investments at the Copenhagen based fund, feels that ...
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Features
Award provides opportunity to present unique concept
Metallrente, the recently established sector-wide supplementary pensions provider for the German metal workers and related industries, believes winning the IPE country award for Germany is a sound acknowledgement that it came up with the perfect concept and structure within the country’s new pensions landscape. “Winning the IPE award gives us ...
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Features
Award provides opportunity to spread message to others
What the judges said: “Pens Plan is a pension fund which deserves very high scores both for Investment Strategy and Fund Structure & Administration.” Winning an IPE award does not come as a surprise to PensPlan, which last year seized Italy’s investment strategy award, but for 2002, the Italian scheme ...
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Features
Award underpins role of providing quality retirement
One of the commendations that PGGM received from the judges was on its move to provide a defined contribution product PGGM Extra Pension(PEP) alongside its main defined benefit scheme. “Greater individualisation and flexibility are not in conflict with solidarity.” The move was seen as an innovative step. At the fund ...
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Features
Award provides a 'peer group benchmark' for the fund
What the judges said: “Clearly structured and informative website which also answers most FAQs.” One of the key benefits of winning an IPE Award for the Zurich-based Beamtenversicherungskasse, the Civil Servants Insurance Fund (CSIF), is the international and domestic exposure it brings. “In Switzerland the employer decides whether an independent ...
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Features
Wider exposure will come as result of awards wins
Belgacom is a very well-organised fund, the judges comment. This is not too surprising a view, since the fund to its delight has won both investment strategy and fund administration awards in this year’s roll of honour. Now the Brussel-based pension fund is keen to find out what set it ...
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Features
Bank of Ireland's 'mission statement'
The €2.85bn Bank of Ireland Staff Pensions Fund (BSPF) is the main fund for the Bank of Ireland Group, covering 75% of the employees of the Bank of Ireland Group. Its 13,500 members, of which just under 10,000 are active members, include employees in the Republic of Ireland and the ...
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Features
Focus on IT developments has been key part of strategy
AP7 has won an IPE Country Award for fund structure and administration in Sweden. The AP7 national fund is the default fund of the Swedish PPM system set up two years ago. Since then, the developments within the PPM system and the AP7 fund itself have been closely followed by ...
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Features
Being a second-time winner underpins the success of strategy
Fonditel continues to be one of Spain’s strongest pension gestoras, winning for the second year, an IPE Award for the investment strategy of one of its pension funds – Fonditel B. This covers pension provision for employees of 25 companies affiliated to the Telefónica group. Fonditel B has assets under ...
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Features
Belgacom takes development to the next stage
Belgacom, the largest pension fund in Belgium, had e3.3bn in pension assets at the end of 2002. Structured as a DB fund for 31,621 employees, it promises its members 75% of final salary with benefits linked to inflation. The benefits covered include social security pensions, a special early retirement programme ...
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Features
For Belgacom governance is key
Belgacom, the largest pension fund in Belgium, is structured as a DB fund for 31,621 employees, it promises its members 75% of final salary with benefits linked to inflation. The benefits covered under the scheme include social security pensions, a special early retirement programme (PTS), disability pension, and, from the ...
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Features
PRO-BTP cornerstone of benefit structure
PRO-BTP is an organisation for the French construction industry, which runs the complementary system of social protection, insurance and pensions for over 3m people who belong to the BTP – ‘batiments et travaux publics’. The organisation was set up in 1993 by the social partners as a paritarian, non-profit making ...
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Features
Diageo keeps benefits flowing
Diageo’s £2.9bn defined benefit scheme comprises eight membership categories: three non-contributory sections (closed since 1988); two main contributory sections (Silver and Gold); and three executive sections (two contributory, one non-contributory). The scheme has a total of 70,700 members and is open to all permanent, temporary or casual employees of the ...
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Features
Boots win highlights shift to risk management issu
The move made by the Boots pension fund in the UK to shed all its equities and to do so before the severe declnes in the market have provoked considerable comment in the market. It is clearly one of the funds, and perhaps the most clearcut example, of the general ...
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Features
BPMT finds the perfect inflation match
BPMT is the Netherlands’ third largest pension fund for the metal industry. In common with other Dutch defined benefit pension funds, the biggest risk it faces is inflation, since its liabilities are index-linked to prices. This impact of inflation on a pension fund can be huge and can be costly. ...
