Latest from IPE Magazine – Page 694
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Features
Parting of the ways
The City of Zurich Pension Fund certainly belongs to the city as a wide range of local bodies use it as their pensions provider. In addition to city employees, other employers’ staffs can join whose work is of ‘special interest’ for the city, such as housing associations, explains the fund’s ...
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Features
Foundations on a firmer footing
Sweden’s stiftelsen, the foundations that underpin much of the country’s university research, are at a crossroads. They were charged initially with protecting and, if possible, growing their capital. They have done this successfully, more successfully perhaps than anyone expected. This is reflected in the lengths of their lifetimes, which have ...
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Special Report
SRI comes naturally
Swedish foundations are charitable rather than commercial institutions, with a broader social responsibility than a pension fund. So it is perhaps not surprising that many have turned to socially responsible investment (SRI). Mistra, the foundation that supports Swedish environmental research, decided last year that between 10% and 20% of its ...
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Features
Hedge funds get guarded welcome
Hedge funds now represent a small but significant part of the portfolios of some of Sweden’s foundations. The Swedish Foundation for Strategic Reseach (SSF) took its first tentative steps into hedge funds last year. Bjorn Brandt, director of administration at SSF says: “To diversify foundation assets and obtain a performance ...
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Special Report
Good governance will pay back
PGGM is the Dutch pension fund for the healthcare and social welfare sector, responsible for the financial future of over 1m people and their family members. This is a major social responsibility, of which PGGM is very much aware. We reflect this responsibility by pursuing sustainable policies that are based ...
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Features
Ready for a revolution
Asset management is a relatively young industry, which has become increasingly popular over the past 20 years. Rising incomes and demographic changes in the developed economies has meant more opportunities and a greater need to save. Likewise, a greater need for professional management has emerged in the wake of the ...
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Features
Towards 'social Europe'
Bruno Gabellieri believes that many of the problems of compatibility of Europe’s social protection systems could be resolved, if not at a stroke, at least without the need for complex new legislation – specifically the proposed European pensions directive. The building blocks are already there, he says. They are the ...
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Features
Globalists take it with them
Until 20 years ago, expatriates were a relatively rare species. Expatriates were transferred abroad mostly to provide particular technical or management skills that were not locally available. Along with the international transfer usually came a generous reward package. Times have changed. Most multinationals nowadays employ sizeable mobile employee populations. With ...
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Features
How Shell spreads the gospel
The Shell International group has an impressive pedigree and scale when it comes to pensions provision for its 90,000 employees across the globe. To put this into context, at the end of 2000, the group had pension assets of around $50bn (E51bn). There are in excess of 40 funded schemes ...
