Latest from IPE Magazine – Page 867
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Features
Woodrow Milliman firms give their market views: BELGIUM
As the chart below indicates, there has not been any major shift in the asset allocation policy of Belgium’s larger segregated pension funds during the last 10 years. This has now started to change.Currently, such funds are invested about 50% in Belgian assets. A further 15% to 20% is invested ...
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Features
Woodrow Milliman firms give their market views: DENMARK
Denmark, as a result of public referendum, is not entering the euro. However, the national banks involved have agreed to maintain exchange rates Danish Krone (DKK) vs euro in a narrow band. Additionally, for Danish pension institutions, the rules of congruency are changed from this month. Sixty per cent of ...
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Features
Woodrow Milliman firms give their market views: FRANCE
Most pensions are provided by national pay-as-you-go (PAYG) schemes, which hold about a year’s contribution income in the form of reserves; these are invested in short-term deposits and bonds. Apart from a handful of schemes operated by large companies such as IBM, most supplementary provision is in the form of ...
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Features
Woodrow Milliman firms give their market views: GERMANY
Pension fund provision in Germany is very different to the large funded markets. A substantial proportion of company pension liabilities are covered by book reserves, ie balance sheet items which are effectively self invested in the sponsor company. Unless the nature of these schemes changes, they will be unaffected by ...
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Features
Woodrow Milliman firms give their market views: IRELAND
The value of Irish pension funds has grown rapidly in recent years, reaching almost IR£26bn by end 1997. For most trustees and managers, the benchmark is the peer group comparison, but there has been a trend for larger, more mature funds to undertake some form of asset liability modelling to ...
