All IPE articles in October 2003 (Magazine) – Page 4

  • Features

    Austrian Spezialfonds face new challenges

    October 2003 (Magazine)

    Institutional investors in Austria have been enjoying the benefits of outsourcing asset management services for a number of years. The key instrument to implement a sound outsourcing strategy is the Spezialfonds (see box). Spezialfonds are launched by management companies KAGs according to the client-specific needs of a single institutional investor ...

  • Features

    Private pensions' two-pronged approach

    October 2003 (Magazine)

    After lagging behind its neighbours in private pensions and investment funds provisions, Lithuania has passed a comprehensive set of financial laws allowing for second-pillar pensions and clearing the way for third-pillar pensions and investment funds to operate on a level footing with life insurance. The significant legal changes took place ...

  • Features

    Shun equities, say UBS analysts

    October 2003 (Magazine)

  • Features

    Revised legislation aims to strengthen fund assets

    October 2003 (Magazine)

    In Austria, pensions have hit the headlines over the past year. The run-up to June’s passing of the pensions reform bill by the Austrian parliament was marked by national strikes and demonstrations as points of the bill were hotly opposed. In the end, concessions had to be made on key ...

  • Features

    Preparing for battles ahead

    October 2003 (Magazine)

  • Features

    Latvia and Estonia streak ahead

    October 2003 (Magazine)

    Lithuania’s private pensions system differs in some technical respects from its Latvian and Estonian counterparts, including the completely voluntary nature of the second pillar and its use of a system of individualised accounts. Its compatriots are nevertheless some years ahead in establishing private provision. Latvia has had third-pillar funds in ...

  • Features

    Politics back on the agenda

    October 2003 (Magazine)

  • Features

    New adviser

    October 2003 (Magazine)

  • Features

    Jury is out on regulators' actions

    October 2003 (Magazine)

    Whether you are reading a newspaper on the London underground or in a Milan coffee shop, the headlines may be different, but the translation is the same. “Pensions in crisis”… “Pension industry time bomb”…. Equities markets have been in relative free fall since the turn of the new millennium as ...

  • Features

    Russian system creaks into action

    October 2003 (Magazine)

    Russia’s pension reform has been slow in coming. For the past eight years, a three-pillar system has gradually been taking shape, and over the past two years, developments to the second pillar appear to have now been finalised. Back in January, President Putin signed the law to allow private asset ...

  • Features

    Swiss rate fixed at 2.25%

    October 2003 (Magazine)

  • Features

    Why we all will be speaking IAS 19 soon

    October 2003 (Magazine)

    With apologies to yet another variation on those immortal words from Star Trek, it’s just possible that pension accounting treatment in Europe might become the trend-setter for the world, surpassing even the US Financial Accounting Standards Board (FASB) that started it all almost 20 years ago. In December 1985, the ...