Latest from IPE Magazine – Page 642
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Features
Bringing consistency to schemes in 19 countries
As a growing multinational with a young workforce, Vodafone faces atypical challenges when compared to more traditional companies. The pension benefits provided to its employees must be relevant to their expectations and must fit within a total reward package, which also has an emphasis on Vodafone shares. The Vodafone group ...
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Features
Fund aims for 5% real estate share with overseas focus
To bring diversification into ATP’s overall investment portfolio, approximately 4.3% has been invested in property – equivalent to €1.4bn. The strategic goal is to reach a 5% allocation (+/– 3 percentage points) in property by the end of 2003. Until the beginning of 2002, ATP invested solely in Danish real ...
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Features
Policy ladder manages risks and helps funding
In July 2003, ABP introduced a new system of management of pension fund risk, the so-called ‘policy ladder’ (in Dutch ‘beleidsstaffel’). The initiation of the ladder led to two important adjustments in the pension plan: q The introduction of a set of explicit rules regarding the allocation of funding risks ...
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Special Report
From periphery to mainstream
Dutch superfund ABP has been actively involved in both socially responsible investment (SRI) and corporate governance since the mid-1990s. Since then, ABP has undertaken a whole array of national and international activities to include SRI and corporate governance in its mainstream investment processes. ABP is one of the leaders in ...
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Features
Flexibility in matching pension liabilities
“Pension funds worldwide are in big trouble.” This bleak sentence starts a working paper on ‘How derivatives can help solve the pension fund crisis’, written by the Cass Business School1. Factors such as increasing life expectancy and changes in accounting rules have made it difficult for many pension fund managers ...
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Features
Low taxes pose pension dilemma
The Isle of Man, less than 100km from the UK coast, has always followed pension developments in the UK closely. This is in contrast to the other two British offshore centres, Jersey and Guernsey, which have taken a more independent approach. The island adopted most of the provisions of the ...
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Features
Turning the tanker around
For the first time it has opened a storefront office encouraging walk-in traffic. It is offering more comprehensive and personalised financial advice. It is dramatically cutting expenses, laying off 8% or 500 of its 6,500 employees. In other words, the 85-year old Teachers Insurance and Annuity Association College Retirement Equities ...
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Features
Degussa chooses new custodian
German chemical company Degussa has re-organised its E2.4bn Pensionskasse, appointing a master KAG structure and a new custodian as well as putting six new investment mandates out to tender. Andreas Poestges, head of asset management at the Degussa Pensionskasse explained that dbi of the Allianz Dresdner Asset Management group (ADAM) ...
