All IPE articles in October 2001 (Magazine) – Page 3
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Features
Risk control to dominate
The fall-out from the attacks on New York and elsewhere have opened the debate about asset allocation and whether long term changes need to be made to investment strategies. Gordon Sharp, director of investment consulting at KPMG Pensions in London, says that there hasn’t been any radical change in the ...
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Features
Growth continues unabated
Developments in the past year were very encouraging. The data for the year 2000 gives the following picture of the Pensionskassen market in Austria: q assets administered by Pensionskassen in Austria in 2000 were ATS110bn (e8bn), an increase of 9% compared to the year 1999; q some 284,000 beneficiaries are ...
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Features
S&P's geometrical index progression for commodities
In a move which extends its businesses beyond equities, Standard & Poor’s has come up with a new commodities index. There is no shortage of heavyweight commodities benchmarks in the marketplace, with Goldman Sachs Commodity Index and the Dow Jones-AIG Commodity Index already in broad use. But S&P sees some ...
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Features
Committed to improving second pillar plans
Article 41 of the Spanish constitution makes a public system of social security obligatory and also allows a free supplementary pension system schemes. In April 2001, the Spanish government reached an agreement with one of the main trade unions and the employers’ organisations containing specific rules for the development of ...
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Features
Investment consultants coming into their own
The German market is getting more sophisticated and investment consultants are playing an increasingly important role. Although the size of the consultancy industry is still very small compared to that of other European countries, their presence has become crucial at a time when new developments in legislation and changes in ...
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Features
Role of funds checked by survey
A recent survey into institutional investment in property1 has found that the available benchmarks reflect the true market situation, despite a lack of clarity both in the questionnaires used to obtain data and the categories used to report the findings. The study, by DTZ Research on behalf of Royal & ...
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Features
Changing the face of retirement provision
The pension environment in Ireland is in a period of radical change. This era of evolution began with the launch of the National Pensions Policy Initiative (NPPI), by the Pensions Board (Irish national occupational pensions regulator), in 1996. Since then, we have had a series of developments that collectively will ...
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Features
What to do when the world changes
As part of our coverage of the aftermath of the tragedy in the US on September 11, we invited pension funds to air their feelings and views in a special Off the Record considering the impact of the terrible events on our industry going forward. Your responses were both pertinent ...
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Features
Quiet caution pervades
Analysis and exhaustive investigation of the possible impact on capital markets of the dreadful events in New York and Washington will continue for sometime. Instinctively, people have looked to past experience in order to try and reconstruct some form of order in today’s shocked environment. Comparisons have been drawn between ...
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Features
Putting the case for staying in-house
The issue of whether or not a pension scheme should be administered in-house or outsourced could be boiled down to two words – effectiveness and efficiency! Can my scheme be more effectively and efficiently managed in-house than having the work outsourced. Before attempting to answer that question, we have to ...
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Features
Wake-up call to suppliers
Reluctance to outsource pension scheme administration has continued for the eighth year running, according to the Capita Hartshead Annual Pension Scheme Administration Survey. This is despite an overall trend in industry in favour of outsourcing non-core functions, and despite clear cost advantages. The survey results were based on a questionnaire ...
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Features
New pension funds off the block
Since 1999 Luxembourg has been readying itself for the opening of the European market, the backbone of this preparation being its flexible and innovative laws and regulations. But even though the legislation ought to require only minor changes to be compliant with the European directive in the making, the subsisting ...
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Features
New framework becomes reality
The major review of UK pension provision on which the new Labour government embarked in 1997 is now coming to fruition. Its objective is to widen pension coverage overall and reverse the current proportions of retirement income from 60% state:40% private to 40% state:60% private. The current government sees a ...
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Features
Private equity awards
The £5bn (E8.1bn) Bradford-based West Yorkshire Pension Fund, the scheme for local government workers in the region, has appointed a raft of private equity managers as part of a move to increase venture assets to around four per cent of the fund’s portfolio in the next few years. The briefs, ...
