Latest from IPE Magazine – Page 565
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Features
Pensions in a nutshell
Oil giant Royal Dutch/Shell is running a feasibility study on the possibilities of merging its worldwide pension asset and investment advice departments. According to Shell spokesman Henk Bonder the initial focus is on combining the asset and investment advice departments of its UK and Dutch pension funds. This does not ...
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Features
Joined-up thinking
Robin Ellison, the incoming chairman of the National Association of Pension Funds (NAPF), may not be the first UK pension person to lose their bearings in Brussels. But he’s almost certainly the only one to actually get completely lost in the Belgian countryside. It occurred when he was en route ...
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Features
Pioneers can pay a price
Sweden is known for its pioneering approach to pension provision. It introduced member choice of investment in its state Premium Pension defined contribution pension scheme, and make asset and liability modelling obligatory for its Allmänna Pensionsfonden (AP), the funds that back the government’s pay-as-you-go scheme. Such innovations depend upon modern ...
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Features
Chickens come home to roost
In late 1993 the Croatian government instituted an economic stabilisation programme that was extraordinarily successful in curbing hyperinflation. But it led indirectly to the creation of a pension debt that delayed the introduction of a second and third pillar and more than a decade later threatens the country’s fiscal stability ...
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Features
The eye of CEIOPS
Ahead of the 23 September deadline for the implementation of European occupational retirement provision (IORP), directive the Committee of European Insurance and Occupational Pensions Supervisors (CEIOPS) has published a discussion paper on the role of supervisory co-operation in facilitating membership of cross-border pension funds. Europe has a wide diversity of ...
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Features
A step in the right direction
Northern Trust Global Investments (NTGI), the asset management arm of Chicago-based banking company Northern Trust, is among the top three players worldwide in three fields: securities lending - which it regards as part of its investment management business - passive management, and manager of managers. Of NTGI’s e466bn in assets ...
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Special Report
Who's for governance?
Corporate governance has been on the agenda for many years, but for most pension schemes the attention has been focused on the governance of the companies in which they invest rather than the governance of the pension fund itself. Now, however, pension schemes and their governing boards are being subject ...
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Features
Over a barrel
The world has become accustomed to increased crude oil prices in recent years. But while most oil analysts ascribe the major price upsets to factors inherent to the crude oil market, the Organisation of Petroleum Exporting Countries (OPEC) has put part of the blame on the speculative role of pension ...
