All IPE articles in October 1997 (Magazine) – Page 3
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Features
Comparing plan values
Is it possible to compare different employers’ pension plans? Buck Consultants in Geneva certainly thinks so and has devised for the Swiss market a method of calculating a ‘technical value’ for each employer’s plan. The exercise was based on a database consisting mainly of internation-al companies operating in Switzerland.We have ...
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Features
Norway's parties clash on oil fund
The Norwegian election result could lead to a smaller portion of the country’s Petroleum Fund being invested in equity markets worldwide.The failure of Norway’s Labour party to achieve an overall majority has opened the way for several weeks of horse trading as parties try to form a workable coalition government. ...
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Features
CCIM favours equities
In the past months, moderate world economic growth and a low inflation and interest rate environment have been propitious for an asset allocation favouring equities over bonds and cash. Although the times of monetary expansion are over and interest rates are trending higher, the rise is modest and will remain ...
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Features
Fidelity boosts DC
Fidelity Pensions Management Group has appointed Alex Weiland, as director with responsibility for sales and marketing. He has joined from Gartmore where he was head of defined contribution and product development and will be involved in developing the group’s defined contribution pensions business. He replaces David Calfo, who is leaving.
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Features
New rules prompt Spezialfonds boom
Interest in Germany’s Spezialfonds is booming. Insurance companies and pension funds in the country almost doubled their investment in this type of fund last year, thanks in part to an obscurely worded change in investment regulations.In 1995 insurers invested DM15.8bn ($xxbn) of assets in Spezialfonds -a type of investment fund ...
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Features
Loans built into bond pricing
Competitive pressures can only increase the onus on pension fund managers to maximise returns, consistent with the security that trustees and pensioners require.One of the most important of these techniques is to access the repo or bond lending value inherent in portfolios. Bond lending can be a discretionary activity performed ...
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Features
Unison blow
Unison took further bodyblows in the past weeks with the joining of Jauch & Hubener and Aon. Germany’s largest broker and second largest employee benefit consultant, J&H, was one of the mainstays of the grouping, since the tie up of major French player Gras Savoye with international group Willis Carroon ...
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Features
Levi benefits move
Denise D’Hondt, compensation and benefits manager Europe, for Levi Strauss & Co Europe in Bel-gium, has left the company and has been replaced by former human resources director, Belinda Hans-ford who takes the new title of re-muneration director Europe. The appointment takes full effect in Jan-uary and will be based ...
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Features
The benchmarking debate: A complex problem
It is widely agreed that a reasonable and consistently applied method of evaluating securities lending performance would benefit both lending clients and their agents. But significant differences of opinion over the best way to establish objective performance measurement criteria have developed within the industry. The approach most commonly proposed is ...
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Features
The benchmarking debate: An indispensable tool
At Barclays Global Investors we have supported the efforts of Robert Morris Associates (RMA) in the US in creating a benchmark for performance measurement in securities lending. We believe open and active communication between lending agents and beneficial owners is long overdue. A benchmark provides an important framework within which ...
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Features
Belgacom sticks with State Street
State Street Banque in Paris has won the latest mandate awarded by the Belgacom Pension Fund, Belgium’s largest funded pension scheme. The mandate, for Bfr8.6bn ($236m), is to be managed passively on a balanced basis. It is the second mandate to be won by State Street, which was awarded one ...
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Features
World Bank loan for Hungarian pensions
The World Bank is loaning $150m to the Hungarian government to support the introduction of the new mandatory pension system.Roberto Rocha, principal economist in the World Bank regional office in Budapest says: We are giving them a loan because this transition is going to have some costs. We are helping ...
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