Pension System – Page 279
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Country Report
Central & Eastern Europe: Incentives to listen
State involvement and issues with majority shareholders are the top corporate governance concerns in the CEE region. But the need to tap markets means companies have a greater incentive to listen to their investors, writes Nina Röhrbein
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Country Report
Central & Eastern Europe: Confusion reigns
Gail Moss reports on Lithuanian regulatory and legislative turmoil. Far-reaching reform is still needed to strenghten the pension system
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Features
Different worlds
Nina Röhrbein spoke with Loit Linnupold, responsible for Swedbank’s Estonian pension fundsInfluenced by its linguistic ties with Finland, its financial links to the Baltic and Nordic regions, its Soviet past, its EU and euro membership, illiquid stock market and virtually no public debt, Estonia is a unique place in which to manage a pension portfolio.
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FeaturesLiving longer, working longer?
Chris Madsen and Martijn Tans explain their concept of equilibrium retirement age as a tool to help individuals and employers manage longevity risk and plan for retirement
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News
Liechtenstein's 'complex' public pension fund under scrutiny
LIECHTENSTEIN – Scheme is ‘hard to understand’, according to preliminary results of probe.
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Country Report
Switzerland: How to avoid Gloor 2.0
A lack of staff, organisation and control were the main factors contributing to the corruption scandal at the pension fund of the canton of Zurich (BVK), a parliamentary commission has found. Barbara Ottawa asks whether new regulation will actually help prevent future cases
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Country Report
Switzerland: Happy anniversary, OAK
A year into its existence, response to the new Swiss supervisory body, the Oberaufsichtskommission, has been mixed. Some want it to do more, while others would like to hear as little from it as possible, writes Barbara Ottawa
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Country Report
Switzerland: Caution reigns supreme
Andreas Niedermann and Jürgen Rothmund note that Swiss institutions have not abandoned their euro hedge
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Country Report
Switzerland: Design fault
Conflict between active members and retirees, costs and market factors will all drive changes to the Swiss second pillar, according to Barbara Ottawa
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Country Report
Switzerland: To hedge or not to hedge
Nina Roehrbein finds pension funds facing a dilemma over their currency hedging strategy as the Swiss National Bank maintains its floor to the euro
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Country Report
Switzerland: Transparency required
The current redistribution of funds from active employed members to pensioners can be traced back to structural deficiencies, argues Gérard Fischer. Introducing separate accounting for active members and pensioners would be an effective move
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Features
In your own back yard
Gail Moss looks at how a number of regional pension funds are investing in their own localities
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FeaturesHBS: room for improvement
The concept of a holistic balance sheet is intellectually tempting but could be improved and it is still unclear whether it will be workable in practice, argue Jurre de Haan, Karin Janssen and Eduard Ponds
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Features
Insurance inspiration
Building an internal model under Solvency II costs time and money. Cécile Sourbes asks what pension funds can learn as insurers edge towards implementing the new framework
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Features
Worriless provision
Samuel Lisse tells Nina Röhrbein about Vita Sammelstiftung’s semi-autonomous model
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NewsDutch pension fund to liquidate, merge with €34.5bn BpfBOUW
NETHERLANDS – Scheme for concrete-processing industry 'too small to operate independently'.
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NewsPension fund for Dutch notaries to cut pension rights again
NETHERLANDS – SNPF, which cut rights by 2% last year, to cut rights again by at least 5.8%.
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NewsOpaque Dutch pension system shifting towards DC – CPB
NETHERLANDS – Deputy director says industry must do more to improve benefit transparency.
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NewsPNO returns 12.1% year to date, but rights cut still on cards
NETHERLANDS – UFR, returns boost coverage ratio by 6.5 percentage points to 95.3%.
