All IPE articles in October 2002 (Magazine) – Page 4
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Features
Partnering with clients
The Army Emergency Relief and the Clara Abbot Foundation are two of the American endowments that recently have chosen Northern Trust to outsource their entire investment programme. The first body – committed to assist soldiers and their families to overcome financial emergencies – outsourced a $230m (E237m) portfolio; the second ...
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Features
Momentum for change gathers pace
The development of defined contribution (DC) pension plans in Ireland shows many similarities with the current situation in the UK, with companies switching from defined benefit (DB) to DC plans to remove pension fund risk from their balance sheets. Certainly the pressure on companies in Ireland to close off DB ...
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Features
Doing business with the family
When looking to outsource, pension funds are increasingly being given a new opportunity to have their asset management provided by another pension fund which has taken the step of providing these services on a third party commercial basis. This trend has advanced in the Netherlands in particular, where a growing ...
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Features
Looking for some breathing space
Pension funds are quite different from other institutional investors because of their long term liabilities. This was the robust and unequivocal response from readers to this months survey. This may seem a statement of the obvious, but increasingly, regulator and accounting bodies appear to want to squeeze pension funds into ...
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Features
Bonds still predominate
According to data from Bad Homburg-based Feri Institutional Management, the way German pension funds invested at the end of last year didn’t differ too much from a year early. At the end of 2001 pension assets invested in equities represented 26% of the total, mainly allocated to investments in the ...
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Features
Conservatism shows in bond focus
Pension fund investors in Italy remain conservative, with only around 20% of total assets invested in equities. Focusing on the new closed-end pension funds, according to data from Covip, the industry’s supervisory board, at the end of 2001 75% of total assets were invested in fixed income vehicles. Italian bonds ...
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Features
DC benefits both sides
Banks and financial institutions have been in the vanguard of the move to DC pension plans in Ireland. AIB Group closed its DB scheme to new entrants at the end of 1997 and launched a DC scheme in 1998. The DC scheme now has almost 5,000 active members in Ireland ...
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Features
Battle to manage new system
The most discussed issue in the Austrian market during the past few months has been the future of the Abfertigung neu, the reformed severance payment system that is expected to have a huge impact on the development of the country’s corporate pensions market. Under the current system, employers set aside ...
