Latest from IPE Magazine – Page 940
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Features
Together but apart
As demands grow for international reach, consultants are organising themselves into networks. John Lappin reports. Multinational companies are increasingly considering the pension needs of employees on an international basis. They look to consultants to provide local knowledge backed by international reach. Many actuarial partnerships have attempted to meet this demand ...
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Features
Swiss scheme goes all domestic
The global custody portfolio of Switzerland’s AHV fund, which services national pension and social payments, is due to be awarded to Swiss Bank Corporation because it has the most competitive rates. At the time of going to press, the contract had not been signed, but both Joseph Hofstetter, manager of ...
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Features
Moving on to a wider stage
The success of foreign fund managers in last year’s Belgacom outsourcing may force the locals to look to their laurels, writes Fennell Betson
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Features
Horlick divides MGAM funds' trustees
The Horlick Affair has clearly shaken the confidence of pension funds in Morgen Grenfell Asset Management but, as an IPE survey reveals, funds’ attitudes vary, although at least four funds are considering their position. However, only one of the 11 schemes we spoke to had actually dropped MGAM as their ...
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Features
EU pensions paper on way
The long-awaited EU green paper on pensions will hold few surprises. Obvious issues such as barriers to free movement of labour and limited common laws for prudence and retirement provision around Europe will be covered, according to industry predictions. The paper, due for publication in the next two months will, ...
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Features
Spanish regulations delayed again
The appointment of a new director general to the Spanish Insurance Directorate could delay publication of regulations required by companies to comply with a 1995 Spanish pensions law. Under the law, the deadline for conversion from book reserves to externally funded schemes is May 1999, but the appointment of Pilar ...
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Features
French pensions may go retail
A bill to reform company pensions in France could unintentionally create a retail pensions market. The market value of the scheme - currently predicted at anywhere between Ffr10 and 50 billion, which according to one analyst means “nobody knows” - could greatly increase as a result. This will depend on ...
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Features
Funds fight tax cases in US courts
British and Dutch pension funds, most notably PGGM, are involved in litigation in the USA or have cases pending which will clarify their tax status and could bring millions of dollars worth of rebates. The funds hope to claim a rebate on withholding tax from the Internal Revenue Service on ...
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Features
The king of the cash mountain
Siemens feel they have reached the end of the line with the book reserve system. Herbert Lohneiss tells Fennell Betson why he is not satisfied. At Siemens, they reckon they have gone as far as they can to funding the group’s enormous pensions provisions under the book reserve system. But ...
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Features
International competition puts focus on pension costs
Global competition made maximising long-term investment returns on pensions assets a key priority for multinational employers, according to Gert van Bezooyen, head of corporate pensions at Philips International in Eindhoven. “Excellent performance is what we are looking for as we approach the 21st century, taking into account the global competitive ...
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Features
Hewlett Packard grasps the nettle of DC plans Europe-wide
Michel Henneaux explains the thinking behind the radical moves in the group’s pension scheme design
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Features
Deutsche challenges US in custody battle
Germany’s largest bank – the 125 year old Deutsche Bank in Frankfurt – has announced that it is aiming, this year and for the following two years, to double its custody business. Throwing down the gauntlet to US banks, Deutsche is making it clear that its ambition is to be ...
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Features
The race to the top of the class
Bob Crew explains why custodians are opening their doors to consultants and allowing them to grade them
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Features
Germany: Dawning of the age of equities
The German markets appear to have ditched their reliable and safe image, emerging from 1996 as well-equipped and dynamic enough to cope with the volatile eco-climate
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Features
Germany: The Frankfurt market
The Frankfurt stock market is represented by the holding company Deutsche Börse AG. It has 250 members and over 75% of German market share and is responsible for the settlement of all exchange transactions in securities and futures in Germany. It operates the only German futures exchange, the Deutsche Terminbörse ...
