All IPE articles in July 2002 (Magazine) – Page 3
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Features
How the old order is changing
Consider these two quotes: “After five years of underperformance the UK’s ‘big five’ fund managers are losing pension business to their specialist rivals”, and “Merrill Lynch, Schroders, and Gartmore are among a group of the world’s best-known fund managers who suffered a dramatic fall in their UK pensions business last ...
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Features
Chancellor stamps on special purpose vehicles
The UK’s chancellor, Gordon Brown dealt out a major blow to the UK property market in his Budget. As a result, this month will be a bumper one for transactions as investors work to conclude deals before the Finance Bill gains Royal Assent (expected to be mid to late July) ...
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Features
New challenges for second pillar in Greece
Policy makers involved within the social security and benefits context in Greece are faced with major new challenges since the beginning of 2002. For a number of years, discussions on the reform of the domestic social protection system was a hot issue on the political agenda, leading to strong reactions ...
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Features
Manager selection: case studies
Daiwa SB Investments e125m Japanese equities mandate Where did you originally learn about the National Pensions Reserve Fund mandate? Our company paid particularly close attention to the changes in Irish government legislation. In addition to following legislation proceedings, we received official notification of the tender process through the web-based IPE-Quest ...
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Features
Fund gets budgetary green light from EU
For the Irish government, the introduction of such a significant reserve fund into the country’s balance sheet posed not only the question of domestic support, but also that of adherence to the EU Growth and Stability Pact – the 1997 requirement that all member states bring their budgets into balance ...
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Features
Waiting for the break
With the holiday season almost here, there is almost tangible sense of relief in the bond market. Whilst one might expect investors and players in equities to be tired out by the vacillations and stomach turning downward lurches in stock markets, fixed income investors seem to have been equally drained ...
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Features
A fund is born
When Irish finance minister Charlie McCreevy announced on 23 July 1999 that the Irish government had approved a new strategy to maintain the exchequer’s ability to finance future pension provision in Ireland through the creation of a giant reserve fund, the impact of his statement was by no means confined ...
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Features
Waiting for better plans to emerge
The current move by some of the largest French companies to introduce Article 83 defined contribution plans for their employees suggests that they are not prepared to wait for a new pensions law and the products it will bring. PSA Peugeot Citröen is only the latest of a number of ...
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Features
Choosing from the world's best
Once the decision was taken that the National Treasury Management Agency would look after the overall management of the National Pensions Reserve Fund, the need was to put together a specialist in-house team for the job. John Corrigan of the NTMA (the former director of funding and debt management) was ...
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Features
Drive to improve benefits
PSA Peugeot Citröen, France’s leading car manufacturer, is introducing an Article 83 defined contribution pension plan this month in a move designed to raise the retirement benefits of its employees. The plan will cover all employees of the PSA group’s French automobile, logistics and transportation businesses whose earnings are above ...
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Features
Why the 'feel bad' sentiment
The current market circumstances give rise to some frustration for market commentators and participants alike. It is one of those periods during which it has become abundantly clear that the development of equity prices and interest rates is not one related to a certain set of factors but rather reflects ...
