Latest from IPE Magazine – Page 587
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Features
Will the directive affect asset allocation?
This year the directive on institutions for occupational retirement provision (IORP) must be implemented in all EU countries. How will it affect financial markets? The directive may affect asset allocation procedures and outcomes. It requires a cover ratio of 100% at all times (art 15 and 16), it sets quantitative ...
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Features
The point where risk becomes too risky
The investment landscape has changed dramatically over the past few years, forcing pension schemes to look at their long-term investment strategies in a different light. What may be surprising, however, is that performance does not have to play the sacrificial lamb in this changing environment. Fixed-income mandates and liability-matching solutions ...
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Features
The new role for equities in a liability driven world
One of the major changes in pension fund investing in the last twenty years has been the growth in use of equities and benchmarks to measure their performance. In an inflationary context, bonds were a poor match, and with pensions linked to growth in earnings, equities came into fashion as ...
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Features
The coming IAS19 shockwave
Every inhabitant of the Netherlands is entitled to a state old-age pension which provides a minimum income after retirement. The majority of enterprises in the Netherlands provide a defined benefit (DB) plan in addition to the minimum state income. Many branches of industry have multi-employer plans, participation in which is ...
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Features
Middle manager views
At end-March 2004 Dutch pension fund had total assets of e480bn, according to the latest Bureau Bosch report on Trends of the Dutch Investment Management Market*. And some e316bn of Dutch institutional assets were managed externally, up from e296.6bn a year earlier. At the top of the rankings the report ...
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Features
Tsunami support fund launched
Pension funds are founded for one sole purpose – to make sure workers get a decent pension when they retire. So it came as a bit of a surprise when two of Europe’s biggest pension funds, ABP and PGGM, announced they were setting up a support fund for the elderly ...
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Features
NIB takes full ownership of FundPartners
NIB Capital, ABP and PGGM’s jointly owned merchant banking venture, is to acquire full ownership of its asset-structuring arm FundPartners. Hague-based NIB Capital currently owns 50.1% of FundPartners, which provides asset structuring and custody monitoring services to the Netherlands and Benelux pensions industry. NIB Capital bought a majority stake in ...
