Pension System – Page 282
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Country Report
Central & Eastern Europe: It’s a tough old world
Polish second pillar pension funds are experiencing tough business conditions and restrictive legislation. Krystyna Krzyzak reports on how they are coping
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Country Report
Central & Eastern Europe: Who needs a funded system?
Bulgaria could be next in line for expropriation of funded pension assets, according to Barbara Ottawa
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Country Report
Central & Eastern Europe: No rush for the exit
Few Slovaks are making use of the possibility to exit the second pillar, according to Barbara Ottawa
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Country Report
Central & Eastern Europe: Filled with pride
Rachel Fixsen finds a buoyant pensions industry in its infancy but improvements could be made
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Country Report
Central & Eastern Europe: Conservative mentality
Latvia’s pension industry is clouded by a lack of trust and communication, writes Rachel Fixsen
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Features
Pensions Accounting: Can they fix it?
Stephen Bouvier sets out the problems facing the IFRIC interpretation committee on the treatment of single-A corporate bonds in discounting pension liabilities
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Features
Don’t be afraid to ask questions
Gail Moss finds out the kind of information pension fund trustees should seek from their asset managers since they cannot realistically be expected to understand the many complex products and strategies that are used to manage risk
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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
