Latest from IPE Magazine – Page 936
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Features
Luxembourg to launch 'European pension fund'
The wraps were taken off the European pension fund made in Luxembourg last month by Lucien Thiel of the Luxembourg Bankers’ Association.The fund would be designed for European companies that want to have “a single pension scheme with common rules for all their employees in different EMU member states” said ...
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Features
Belgian pension funds look for equality with insurers
Belgian pension funds are looking for a level playing field with insurers as the authorities review the relevant regulations.Pension funds hope to expand into fixed commitment funds by running funds on the basis of a tariff and mortality tables - in addition to conventional funds, according to Hervé Noel president ...
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Features
EURACS warns of danger ahead for Euro companies
Europe’s companies, particularly those based in southern Europe, could find themselves bearing the cost of social security cutbacks, a European consultancy network has warned.The warning accompanies the re-cently published report EURACS Pension Summaries, a survey of social security and pensions arrangements across Europe, compiled by EURACS member firms.In a statement ...
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Features
The tangled birth of the French pension fund system
The new law has passed most legal hurdles, but is the demand really there? Gilles Pouzin reportsSocial unrest has not stopped the introduction of France’s new private retirement system, but the new law has not yet won its battle either. After its second parliamentary approval on February 20, the pension ...
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Features
Asset/liability modelling set to increase
Two options will be available for funding company pension promises to meet the requirements of the 1995 pensions law - qualified pension plans (QPPs) and insurance contracts.Since QPPs were permitted in 1987, a large majority of the investments have been in relatively short-term fixed-interest assets and cash. This partly reflected ...
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Features
Hermes descends from the heights
Alastair Ross Goobey explains how the UK’s biggest pension fund will grow its investment services on the back of the defined contribution market. Fennell Betson reportsHermes is on the cusp of a momentous next stage in its development. As the UK’s largest pension fund, it is about to take the ...
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Features
Monsanto's global approach
Pierre Burnay explains the benefits and economies to be gained by integrating pension funds into a worldwide network
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Features
SSGA's direct venture
Prompted by demand from institutional and other clients, State Street Global Advisors (SSGA) are extending their investment activities into direct equity investment and other alternative asset classes. In the first of what a company spokesman said should be a series of similar moves in 1997 and beyond, SSGA have announced ...
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Features
Norway: Phillips widens horizons
Phillips Petroleum in Norway is looking for investments beyond the domestic bond market, because of the relatively flat prospects for growth this year, but it currently holds the maximum allowed for domestic and in-ternational equity portfolios. The fund, which manages approximately $200m, has 70% of its holdings in domestic bonds, ...
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Features
Norway: Running with the bulls
With the factors driving Norway’s bull market still very much in place, the question is not whether it will continue to grow but how far. The market, reflecting a booming oil-driven economy has increased by 10% since the start of the year. With most indicators predicting continued growth the biggest ...
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Features
Asia: Market prospects divide the experts
The need for reform by the Indian government is unquestionable, but UK and Indian analysts are divided in their opinions as to how much the market is going to improve in the short term. Jayendra Nayak, executive trustee at the Unit Trust of India in Mumbai, thinks the prospects for ...
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Features
Asia: The smart way in
People looking to invest in India will find SBC Warburg’s list of Indian funds interesting for what it says about the Indian equity market. The funds market is clearly segmented. Such segmentation, in funds markets generally, tends to evolve when the underlying local market is either highly regulated, or inefficient ...
