Latest from IPE Magazine – Page 515
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Features
Fiduciary move for the long haul
The Dutch pension industry has seen two ground breaking initiatives in the past 12 months, both involving US based asset managers. The first was the decision by the electronics firm Philips to hand the management of its pension fund to Merrill Lynch Investment Managers The second was the decision of ...
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Features
Waiting to be discovered
When pension funds invest in traditional assets like equities and bonds they expose themselves to unintended sources of risk. The main sources unintentional risk are volatility and dividend yield for equities and credit spreads and liquidity for bonds. Once they detect these sources of risk most funds will either carry ...
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Features
New models but same game
A lot is expected of pension trustees these days – more than is reasonable for them to cope with on their own or relying on just their current advice, some would say. However, they are being offered affordable extra help, including for the provision of investment banking-style services that they ...
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Features
In the prime of life
At 25, the European Federation for Retirement Provision would appear to be in the prime of life having helped to steer the EU pension fund directive through. But it’s work is far from over, with a full agenda which includes helping to ensure the directive is indeed implemented as well ...
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Features
Go forth and multiply - or pay
Adult children have historically been the pensions providers of the elderly, providing their parents with financial support, shelter, or care. In the past, this arrangement gave couples a strong incentive for having children. Today, as the Swedish economist Gunnar Myrdal predicted, state pay-as-you-go (PAYG) systems have removed this incentive. Pensions ...
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Features
Quenching the thirst
For many years Cyprus was a rather inaccessible economy. Artificially high interest rates and restrictions on the movement of capital did not inspire much thought or creativity, to put it mildly. And as the island’s abundant sunshine contrasted starkly with its reputation for shady dealings, money laundering being the primary ...
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Features
Challenges of running a pension fund in the Cypriot way
We are at the point where pension funds in Cyprus are trying to be move into a new era of more modern management under the European standards. It is a transition period from amateurism to more professional management of pension funds and that’s why the challenges of running such a ...
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Features
Why scheme members are key
Peter Scales is retiring as chief executive of the £3.5bn (€5bn) London Pensions Fund Authority (LPFA) and will leave the post at the end of the year. George Coats asks the questions What was your first full-time job – do you remember what you were paid at the time? ...
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Features
Bulls vie with bears
Yield curve/duration While investors may have been just slightly sceptical about the eye-opening rise in the German Ifo index, taking it to a 15-year high, news that the European Commission composite index was also on the rise, up for the fifth consecutive month to its highest level for five years, ...
