More comment – Page 77
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Opinion Pieces“A long-term average interest rate will improve the solvency position of Dutch funds”
The pension sector is in dire straits. In the Netherlands, a majority of funds show a funding ratio lower than ever, indicating that they cannot fulfil their liabilities in the long term (their funding ratio is below 100%).
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Opinion PiecesBrave new world?
When liquidity was abundant, serious bottom-up credit analysis was neglected in favour of spurious correlation assumptions. The credit crisis brings us back to a more cautious new world, writes Roger Sadewsky
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Opinion Pieces“Any ALM study should consider the effects of Black Swan events”
Pension schemes are suffering a double blow at the moment. As well as increased deficits there are also concerns about the strength of the sponsor.
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Opinion Pieces
A consultant union
A new investment consulting player was born this year, the result of the merger between Mercer and Callan. The combined Mercer-Callan entity employs around 375 people, controls about 20% of the US market and has offices in 14 cities.
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Opinion Pieces
Quo vadis IORP?
What is the future for Europe’s Institutions for Occupational Retirement Provision (IORP) directive?
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Opinion Pieces
Cutting through the Babel
This year’s new European Parliament and Commission provide an opportunity for a review and rethink of pan-European pensions
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Book Review
Book review: 'European Pensions & Global Finance'
Gordon Clark’s book, European Pensions and Global Finance, provides a refreshing addition to the burgeoning literature on social security and old age retirement security. Rather than offer another solution to the pending crisis, he reviews the political economy and economic geography to examine the role and status of European pension ...
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Book Review
New pensions books: roundup
EUROPE – The pensions industry continues to generate new publications going into the new year. Here is a roundup of some new and soon-to-be published books dealing with all aspects of pensions policy and the crisis facing the industry.




