Pension System – Page 273
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Country Report
Italy: Compulsory membership and education are key to improving pension system
Francesco Vallacqua is a research fellow of Center for Applied Research and Finance (CAREFIN) at Bocconi University of Milan. He has held positions as a consultant to governmental institutions and pension schemes, such as at Cometa, the fund for mechanical engineering industry workers, and is currently a board member of Espero, the teaching professionals’ fund.
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Country Report
Italy: COVIP weathers the storms of Italian politics
Covip annual statement: In 2013 membership of private pension schemes increases, albeit slowly, at 5.3% adding 290,000 more members to the total 5.8m. Funds have grown between 8% and 9% in 2012, compared to 2.9% growth of the trattamento di fine rapporto.
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Country Report
Italy: Three sparks needed to ignite the Italian pensions market
State Street Global Advisor (SSGA) is one of the leading Italian institutional asset managers, managing €10bn of domestic institutional investors’ funds as of June 2013. It holds 13 mandates from closed pension schemes such as Cometa and Fonchim and 15 mandates from casse di previdenza, a sector where the Milan-based asset manager is the undisputed leader, giving the firm a broad view of the Italian institutional investment market. Marco Fusco, SSGA’s head of southern Europe outlined the three sparks he believes are needed to ignite the Italian market.
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Country Report
Italy: Still waiting
Nina Roehrbein notes potential interest in emerging markets and declining exposure to domestic government debt among Italy’s occupational pension funds
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Features
Keep it simple, stupid
Nina Röhrbein speaks to Peter Hansson, CEO of Swedish pension fund, Sparinstitutens Pensionskassa, about how how he keeps it simple
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Country Report
Switzerland: Cage fight against complacency
Some think the second pillar is perfect, so 17 years ago four people set out to challenge that view with an innovative approach and an international viewpoint. Innovation Zweite Säule co-founder Werner Nussbaum tells Barbara Ottawa about challenges past and present
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Country Report
Switzerland: New challenges for asset managers
Richard Bruyère presents the results of Image & Finance’s latest research covering the institutional market in Switzerland
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Country Report
Switzerland: Smart on beta benchmarks
Swiss pension funds have mostly shied away from alternatively weighted benchmark strategies. Cécile Sourbes finds that adoption will depend on thorough analysis and transparency of data
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Country Report
Switzerland: Funds play catch-up
David Pauls and Peter Zanella argue that Swiss pension funds must keep up with underlying economic and demographic reality, and that policy makers should stop moving the goalposts
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Country Report
Switzerland: Magic number crunching
Swiss pension funds have enjoyed a major recovery in the funding levels over the past months. But the fundamental problems remain, writes Barbara Ottawa
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Country Report
Switzerland: Rights and responsibilities
Nina Rohrbein analyses the consequences for Swiss pension funds, their advisers and asset managers of the referendum on executive pay
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Country Report
Turkey: Pensions growth ahead
Reform to channel severance payments to the workplace supplementary pensions would mean exponential growth for the Turkish pension sector, writes Reeta Paakkinen
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Country Report
Turkey: Growth assets for the future
Pension providers are capitalising on recent liberalisation to launch gold and corporate bond funds, says Reeta Paakkinen
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Features
Confusion reigns supreme
The Cypriot bailout may have only been a drop in the ocean compared with the Greek rescue package. But, as Jonathan Williams finds, lack of detail is a major headache for the local provident funds even three months later
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Features
The coup de grace
Roxane McMeeken met with John Kyriakopoulos, the man whose huge bet on Greek bonds paid off dramatically for the country’s largest pension institution
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Interviews
On the Record: What is your credit strategy?
CWPS (Ireland), VER (Finland), Vopak (Netherlands)
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Features
Fallout from Ruslan and Cyprisia
Iain Morse assesses the consequences of the Cyprus bailout for the banking and wider financial services industries
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Features
Keeping hold of deferred members
Pension funds need a robust strategy to keep track of deferred members and to communicate with them in the right way. Gail Moss reports
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Country Report
Turkey: Diversification prizes
Private pension asset growth will lead to opportunities for global custodians, according to Iain Morse
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Features
Satellites in orbit
Christoph Ryter, CEO of the Swiss retail group Migros’ Pensionkasse, explains his fund’s diversification strategy to Nina Röhrbein
