Latest from IPE Magazine – Page 545
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Features
Focus on liabilities that safeguards future benefits
To win an individual country or themed IPE Award for pension fund excellence sets you up as something of a benchmark. To walk away with overall Best European Pension Fund Award 2005, however, means you are defining your industry. There can be no doubt Denmark’s ATP fund won this highly ...
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Features
Peers acknowledge the 'constant gardener' of Europe
This year’s winner of the Award for an Outstanding Industry Contribution to is Koen De Ryck. He was the clear favourite among the 18 candidates who were on the list that IPE readers were asked to vote on. That comes as no surprise, given his dedicated service that can be ...
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Features
Outstanding performance from innovative newcomer
The Gildi Pension Fund is a new name in Icelandic pensions, but it has now won the country award in the first year of its existence. The fund was established on 1 January 2005, from the merger of two pension funds, the Framsyn Pension Fund and the Seamen’s Pension Fund. ...
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Features
Streamlined collection system leads where others wait
A reform of the way in which tax and insurance is deducted from employees’ salaries in the Netherlands has prompted the Dutch pension fund Pensioenfonds Horeca & Catering (PH&C) to introduce procedural and technological changes for calculating and collecting employer contributions. This project has earned the fund this year’s themed ...
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Features
Date with destiny
It’s the time of reckoning once again for the pensions community as the IPE European Pensions Awards winners are announced. And as we always make a point of noting, it is also a time to celebrate the achievements not just of our winners, but of those involved in pensions the ...
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Features
How efficiency leads to management excellence
Inarcassa firmly believes that strong governance and efficient investment processes are essential to excel in the management of pension fund assets. The scheme relies on effective decision-making, regular performance measurement for the fund, money managers and consultants, as well as transparency and communication to its members and the different governing ...
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Features
Balancing risk and return to protect value of benefits
In recent years, liability-side issues have had a very substantial influence on Danish pension fund ATP’s investments. During the past year, therefore, ATP has radically changed its approach to liability-driven investments. Its work in splitting the investment portfolio into separate alpha, beta and liability hedge portfolios has helped ATP carry ...
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Features
Innovation gets results
PME Bedrijfstakpensioenfonds Metalektro (PME), which has assets under management of €18bn, attributes its success to a number of clear-cut principles that underpin the organisation and govern the way in which the pension scheme operates. PME has a strong executive board that is responsible for determining basic policy. The task of ...
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Features
Adventurous allocation soon starts to pay dividend
As pension funds look around for innovative ways of boosting their income from traditional asset classes, private equity is moving into the mainstream as a way of achieving this. Länsförsäkringar Liv Försäkrings (LF) of Sweden has become a pioneer in developing this asset class as an integral part of a ...
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Features
Pyramid structure provides solid foundations
Two special characteristics led to Germany’s Nordrheinische Aertzeversorgung (NAEV), the North Rhine Doctors’ Pension Scheme, entering and winning IPE’s coveted themed award for property investments: the restructuring of its real estate portfolio and its risk-adjusted asset allocation strategy. Founded in 1959 in the densely populated and highly industrialised state of ...
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Features
Limits set by risk budget help to boost funding rating
Over the past year, Danish pension fund ATP has amended its approach to liability-driven investments, splitting the investment portfolio into separate alpha, beta, and liability hedge portfolios. This approach has won it the themed award for risk management. Risk management has been a cornerstone in the fund’s investment management for ...
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Features
Digging deeper in the members' interests
The key to Denmark’s €41.3bn pension fund winning IPE’s Silver Award for Best European Public Pension Fund in 2005 is undoubtedly its ability to dig deeper to achieve the best possible solutions for its members. This is evident in its four-pronged approach to mastering pension fund management. Firstly, it considers ...
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Features
Joint award reflects range of skills and strengths
The aim of the Cepsa Group Pension Fund is to achieve adequate returns for the members and beneficiaries of the scheme, over the medium and long term and using a low risk profile. The fund defines ‘adequate’ as two to three points above the Spanish consumer price index. As a ...
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Features
Getting results from promoting greener way of investing
Socially responsible investing (SRI) has for some time been in fashion among institutional investors. Yet it is an approach that is easier to talk about than put into practice. This year’s SRI winner – the Environment Agency Active Fund – has, however, managed to translate the rhetoric into action. The ...
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Features
Portfolio managed to meet global challenges
An important component in creating long-term competitive returns for life insurance savers is to set up an efficient portfolio construction process. In particular, effective portfolio management can best equip a fund to meet global challenges such as the EU occupational pensions directive and the new traffic light model being used ...
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Features
Young scheme sets out to engage with membership
Communication for pension funds is never easy, especially when it comes to making them easy to understand and interesting for members who often have a preconceived idea that the subject is boring and complex. This was the challenge facing the winner of IPE’s Country Award 2005 for Switzerland, the Media ...
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Features
Embracing the challenge of a changing pensions system
It will come as no real surprise to see Barclays walk away again with IPE’s Country Award for the United Kingdom. Last year, it won for its innovative ‘afterwork’ concept, a hybrid defined benefit and defined contribution scheme. This year, its success is thanks to its excellent stakeholder engagement policy. ...
