Latest from IPE Magazine – Page 726
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Features
Weighing up critical mass
Size will matter for providers in the new pensions market in Germany, says Commerzbank Securities (ComSec) in a research paper, German Pensions – racing for a bigger prize. ComSec believes that critical mass will become important, since Germany’s new private pensions are low-margin, large-scale products. In addition, ComSec points out ...
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Features
More ‘humility’ please
Alistair Ross Goobey, the chief executive of Hermes Pensions Management has warned the private equity industry that it needs to cultivate a little more “humility” in its claims of outperformance, arguing that managers have confused a prolonged bull market with genius. Speaking at the Superinvestor 2001 conference in Paris last ...
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Features
Finnish unions reach last-ditch deal
Finnish labour organisations have reached a last-ditch agreement on reform of the country’s first-pillar TEL pensions system, although some confusion remains as to the nature and timing of some of the reforms. The Finnish government had threatened Finnish social partners that if they could not agree on the changes to ...
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Features
UK sees rapid pace of change
The pace of change in the UK pensions market over the last 30 years has been more dramatic than in any other major institutional market, claims Greenwich Associates, the Greenwich, Connecticut-based research and consulting firm. Of particular note in the UK, says Greenwich, is the shift by schemes in their ...
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Features
Boots kicks shares into touch
The £2.3bn (e3.7bn) pension fund of the Boots group has sold its entire equity and short-term bond investments and switched its allocation to sterling long-dated fixed rate bonds in a shift that the fund says will save it around £10m a year in management fees. In a letter to pension ...
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Features
Making EIORPs a practical issue
When the ECOFIN council of European finance ministers rejected the European Federation of Retirement Provision’s (EFRP’s) ’EIORP’ (European Institution for Occupational Retirement Provision) pan-European pensions vehicle in October, the sighs from the EFRP’s Brussels headquarters were audible around Europe. Here was a vehicle that appeared to fit all the necessary ...
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Features
Optimism on tax progress
The European Parliament committee on economic and monetary affairs (EMAC), has unanimously voted in favour of the adoption of the draft report on taxation of occupational pensions by Dutch socialist MEP, Ieke van den Burg – throwing its weight behind the EC’s proposal for a communication on the fiscal treatment ...
