Latest from IPE Magazine – Page 644
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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) ...
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Features
Europe's investors respond to ETFs
Exchange traded funds (ETFs) are increasingly being used by institutional investors in Europe. This can be gleaned from figures that show that the use of US-listed ETFs and the similar HOLDRS vehicles by European institutional investors has grown 20% faster over the year to end June 2003, compared with the ...
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Features
Breeding for Brussels
This month’s Off the Record looks at the issue of demographic ageing and the problem of who will pay the pensions of Europe’s pensioners in the future. The topic has been well rehearsed. The solution has not. First, the problem: Europe’s population is set to shrink over the next 50 ...
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Features
The viruous circle of transition management
The tricky proposition of simultaneously restructuring portfolios while changing investment managers can be daunting for even the most sophisticated pension fund sponsor. If badly handled, a transition can severely impact the health of a pension fund. Transition managers allow pension funds to allocate assets efficiently – both with reference to ...
