Latest from IPE Magazine – Page 740
-
Features
Opening the door to prudent men
The first pillar in Switzerland is represented by the pay-as-you-go AHV/IV pension scheme. Generally, all persons living in Switzerland are insured within AHV/I that covers the existential needs in case of old age, disability and death. The minimum pension for a single person amounts to e8,000 per year and the ...
-
Features
New framework becomes reality
The major review of UK pension provision on which the new Labour government embarked in 1997 is now coming to fruition. Its objective is to widen pension coverage overall and reverse the current proportions of retirement income from 60% state:40% private to 40% state:60% private. The current government sees a ...
-
Features
Going international and going directly
With around SEK 350bn (E36bn) assets under management, Swedish mutual insurance company Alecta, is the largest manager of pensions asset in the Nordic region. Formerly SPP, Alecta’s main core business is the occupational pension ITP, based on an agreement between the confederation of Swedish enterprise and the federation of salaried ...
-
Features
Top funds good all the time
The Danish Pension funds had a rather unusual year in 2000 where the factors determining performance differed significantly from the previous years. The steep falls on the international equity markets were countered by very healthy rises in the Danish equity market, which – measured by the Total index – rose ...
-
Features
Proving cross-border alliances can work
While mergers and acquisitions have been two-a-penny within the custody sphere in recent years, partnerships between global custodians are a far rarer beast. Despite the very public scepticism of many of its fellow custodians, however, Mellon Trust has chosen to forge not one but three strategic alliances: its recent link-up ...
-
Features
Italian funds on manager trail
Fondo Pensione Complementare per la Famiglia (Fondo Famiglia), the Italian housewives’ and part time workers’ pension fund, which could potentially include as many as 15m members, has drawn up a shortlist of 12 asset management firms to take care of the fund’s assets. The successful companies will be revealed next ...
-
Features
Private equity awards
The £5bn (E8.1bn) Bradford-based West Yorkshire Pension Fund, the scheme for local government workers in the region, has appointed a raft of private equity managers as part of a move to increase venture assets to around four per cent of the fund’s portfolio in the next few years. The briefs, ...
-
Features
Europe: a difficult jigsaw
The problems in European pensions are structural, Paul Audu, head of investments at the London Borough of Hackney £500m (E790m) pension fund told the North European Pensions & Investing conference in Copenhagen last month. “Wide ranging reforms are needed – the pensions market in Europe is incoherent due to differences ...
-
Features
Institutional exposé
Institutional Investors by E P Davis & B Steil (MIT Press, Cambridge, MA, and London, UK, 2001, pp524) Institutional investors have a much bigger influence over our lives than most of us realise. This follows from the rapid institutionalisation of our savings in recent times. Not so long ago ...
-
Features
Looking to outsiders
Pension funds in Europe have chosen to outsource their back office and IT activities for two main reasons. The first is that fund administration is often not a core activity. A pension plan’s primary task is the overall management of the plan. Specialised service providers can often run non-core activities ...
