Latest from IPE Magazine – Page 588
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Features
Is mandatory outsourcing welcome?
The Minister of Social Affairs and Employment in the Netherlands is investigating whether Dutch pension funds should change the way in which they implement pension schemes. This is to take account of possible developments in European competition law. The minister is considering requiring pension funds to split the pension fund ...
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Features
Managing in a cold climate
For Theo Jeurissen, investment manager of the e22bn Pensioenfonds Metaal en Techniek (the Dutch metalworking and mechanical engineering sector pension fund), the two newest issues are: how to deal with the rule changes requiring pension fund valuations to use market rates when valuing a portfolio rather than a fixed 4% ...
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Features
Prepensions refuse to lie down
The trade unions, in particular FNV and CNV, in cooperation with the employer’s organisations, such as the VNO-NCW and MKB, have stopped the current Dutch liberal-Christian Democrat government from totally overhauling the pension sector. Nonetheless, further changes are due to come in the coming months. The Museumplein-agreement between social partners ...
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Features
Practical implications of using derivatives
Practical implications of trading derivatives can make pension funds reluctant to implement a derivatives program. Outsourcing has benefits but could be in conflict with upcoming governance rules. An in-house derivative program is cost effective, transparent and not as difficult as it may seem. An attempt to demystify derivative implications. In ...
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Features
Multi-manager solutions at TKP Investments
In the past few years, more institutional investors have adopted a “multi-manager” investment practice, where they allocate their money over several asset management houses. At TKP Investments (TKPI), an AEGON subsidiary, this investment practice is nothing new. Since 1989, the independent asset manager, formerly known as the pension fund administrator ...
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Features
Duration extension - to do or not to do?
The Dutch pension-funds regulator has issued a new consultation document in October 2004. This contains provisions which will form the basis of financial regulation from 2006, when the new Dutch Pensions Act comes into force. The new regulatory framework (Financieel Toetsingskader, or FTK in Dutch) will consist of a solvency ...
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Features
Doubts over European long-only equity
European institutions including pension funds have expressed doubt about asset managers’ long-only equity returns in the future, according to a new survey organised by alternative investment groups. Thirty-percent of respondents to a survey organised by the Alternative Investment Management Association and IPM Informed Portfolio Management said their expectations of external ...
