Latest from IPE Magazine – Page 661
-
Features
Avoiding the 'DB killer'
Agreement on the translation of IAS 19 accounting standards for Dutch pension funds looks set to allay fears about how the standards might affect the Netherlands’ predominantly defined benefit (DB) pension plans. According to Jeroen Steenvoorden, director of the OPF, interested parties, including the OPF, have been talking to and ...
-
Features
Dutch funds go deeper into red in 2002
Dutch pensions funds results for 2002 do not make for pretty reading, as the negative returns for 2002 following on a dismal 2001 have pushed some funds below the high watermark line of the strong buffer reserves designed to absorb the severest of market shocks. The unprecedented declines heralded in ...
-
Features
And the 'Blue Ribbon' answer...
We propose a more pragmatic direction that leverages the best practices adopted by corporate pension funds. If anything, the mistake made by many reformers was to confuse ‘corporatisation’ with sprivatisations. In our forthcoming book ‘Rethinking Pension Reform’ (Cambridge University Press), we propose a ‘permanent’ solution to the problem of maintaining ...
-
Features
One of Europe's best kept secrets
Gilles du Fretay has been offering hedge funds of funds in Paris since 1986, which makes him Europe’s longest established player, he says. What’s more, he’s been providing them mainly through onshore French funds, which is one reason perhaps why he may be one of the continent’s best kept secrets. ...
-
Features
Going down the private road
Macedonia is one of Europe’s most impoverished countries, with deep-seated political problems stemming from the aftermath of Yugoslavia’s bloody disintegration. Nevertheless, it has prioritised the reform of its pensions system. “Macedonia has certainly been brave in implementing its pensions reforms,” observes Iain Batty, partner at CMS Cameron McKenna, the legal ...
-
Features
Key points of Macedonia's fully funded pension rules
Pension companies Pension companies are established exclusively to manage pension funds. For the first 10 years following the law’s implementation, on January 1, 2004, a company can only manage one fund. The minimum share capital is the Macedonian denar equivalent of E1.5m. Once the assets reach E100m equivalent, the share ...
-
Features
Hard pressed to live up to expectations
Is UCITS III another damp European squib that will sputter weakly before crashing? Certainly a head of steam seems to be building up among the professionals very much involved in implementing its provisions, both from the aspects of what is not in it as much as for what is in ...
