Latest from IPE Magazine – Page 519
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Features
US managers face new challenges
“Never in 39 years in the industry have I known what our clients need more clearly than I do now,” says John Casey, chairman of Connecticut-based Casey, Quirk and Associates (CQA). “But how you do it is the question. We’re seeing a lot more urgency – the answers are not ...
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Features
Looking for the positive
An ancestor of George Putnam, the founder of US mutual fund manager Putnam Investments, established the original ‘prudent man principle’ which money managers to handle investor’s money as they would their own Three years ago Putnam Investments was involved in an improper trading scandal where some employees were found to ...
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Features
RIsing the EM roller coaster
It is a fallacy that the world is divided into countries that have already emerged and those that are emerging, said Roger Nightingale, economic adviser to pension funds and global strategist at Millennium Global Investments, kicking off the recent IP E-Symposium on ‘Emerging markets investing’. “The vast majority of non-emerged ...
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Features
How tight a hold on the reins?
Last month, Paternoster, a company created by former Prudential UK head Mark Wood, announced that it has secured £500m (e722m) of equity financing. The firm has been set up to transfer the defined benefit pension fund liabilities off a corporation’s balance sheet and into an FSA regulated insurance company. Amongst ...
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Features
Norway and Iceland missed out on pensions directive
The European Economic Area states of Norway, Iceland and Lichtenstein have seemingly been left out in the cold regarding the adoption of the European occupational pension funds directive. “The directive has not been passed in the Joint Committee for the EEA EFTA states,” according to a European Free Trade Association ...
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Features
Mandatory call in Germany
The German Union Federation (DGB) has urged the government to make it compulsory for employers to offer corporate pensions to their employees. Speaking in Berlin, DGB vice chairman Ursula Engelen-Kefer said the move was necessary to, in the first place, compensate for future reductions in the state pension. As a ...
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Features
When the balance sheet rules
IPE asked three pension funds – in Portugal, the UK and Denmark – the same question: ‘What do you see as the implications of the implementation of IAS 19?’ Here are their answers: Colin Hartridge-Price, scheme secretary and chief pensions officer at the BT Pensions Scheme & BT Retirement ...
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Features
Bill of rights for the mobile
The European Commission’s proposal for a directive on improving the portability of supplementary pension rights, if accepted, could significantly improve the position of mobile workers – both across borders and within member states – but about which many concerns have been expressed regarding excessive costs. Vladimir Spidla, the European commissioner ...
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Features
The practical realities
There was much fanfare and press coverage about the pensions directive, which was finally a legal requirement from 23 September 2005. In comparison, the proposed portability directive has received relatively little in the way of media attention – but the financial consequences of this legislation are far more worrying for ...
