Latest from IPE Magazine – Page 539
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Features
The power of pooling resources
This article is from January 2006. While the multinational pooling concept has been around for over 50 years, interest in this global funding mechanism remains as strong as ever. Having gone through periods of reduced priority for multinationals during the 1990s, the recent focus on global governance and Sarbanes-Oxley legislation ...
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Features
Region of myths and misinformation
Many of us had hoped that the emergence in Europe of common accounting standards for pensions (IAS19 or FRS17 in the UK) would have made pension transaction work easier for both buyers and sellers. In some respects it has, establishing a common frame of reference to measure deficits (surplus seems ...
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Features
Wearing an investor's hat
The pension deficits of the FTSE-100 companies calculated in accordance with FRS17 account for around 3% of the total market capitalisation of those companies. Within this there is huge variation with some constituents having pension deficits of more than 30% of their market capitalisation. Therefore, any equity investor should be ...
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Features
Where trustees are coming from
The structure of pension provision in the UK has changed dramatically over the past five years. New roles and responsibilities for sponsors and trustees and the transition to a principles based framework for decision taking, combined with a sharp reversal in the solvency of many pension schemes, have created tension ...
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Features
When captives set you free
Across Europe, companies have been struggling to contain or reduce costs. As the expense of employee benefits has skyrocketed over the last few years it is not surprising that companies have been taking a long, hard look at how to limit and reduce costs, manage risks and how best to ...
