Pension System – Page 295
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Country Report
Germany: Where churches lead, others can only follow
Germany leads in clean energy and has a good environmental record in areas like recycling. Yet it remains a laggard in sustainable investing. Nina Röhrbein asks why
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Features
Structural importance
Although not a legal necessity, committees are important to the efficient running of pension schemes. Gail Moss looks at their requirements and role
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Features
Leader of the pack
Nina Röhrbein spoke with Giorgio Valzolgher, managing director at Laborfonds, the not-for-profit pension fund that any employee in Italy’s Trentino-South Tyrol region can join
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NewsAustrian roundup: ECJ gender ruling, arithmetica, FMA
AUSTRIA – Mandatory second pillar would be 'feasible way' to fill pension gap after ECJ gender ruling.
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NewsOECD criticises insufficient pension reforms
Report pins hope on old-age employment, as working age population is set to decline 10%.
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NewsAustrian severance pay funds return 2.6% in 2010
AUSTRIA – Assets in mandatory system grow to €3.6bn from €2.8bn in 2009.
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NewsAustrian roundup: Valida, VBV, VVP
AUSTRIA – Valida Pensionskasse reports 5.1% return for 2010, below the Austrian average of 6.6%.
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Country Report
Belgium: KBC Pensioenfonds prepares for accounting rule changes
The pension fund of Belgian bank and insurance group KBC has returned to pre-crisis levels following 2010 returns of 9.42% for the DB and 6.52% for the DC scheme, leaving the scheme with a short-term, liquidation scenario funding level of 147% and a long-term funding level of 113%, up 8% ...
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Country Report
Belgium: Pension B looks to real estate and tactical asset allocation
Before the Vandenbroucke law came into force in 2004, the Belgian construction sector distributed some of its reserves to its retiring ex-workers. However, this practice did not conform to the new OFP (organisation for financing pensions) system, leading to the creation of the new sector pension fund, Pensio B, in ...
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Country Report
Belgium: Pensioenfonds UZ Gent: Diverse benchmarks
The UZ Gent pension fund, founded in 1995, is unique in Belgium in that it does not provide a second pillar supplementary pension, but replaces the legal first pillar pension for civil servants employed at the University Hospital Ghent. Employees with a normal labour agreement cannot join the scheme.
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Country Report
Belgium: GDF Suez/Belgian gas and electricity pension funds re-assess euro government bond exposure
These five pension funds – comprising a total of 20,000 members – cover GDF Suez Belgium, the Belgian entity of GDF Suez, a global independent power generating company, and other companies from the Belgian gas and electricity sector.
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Special Report
Europe's Pension Consultants: For better or worse
Consultant monogamy is still widespread in Germany, but faithfulness does not mean fiduciary management, finds Barbara Ottawa
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Special Report
Europe's Pension Consultants: New wine in old bottles?
Brendan Maton asks whether fiduciary management is really a new advisory structure, or just a new charging structure
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Country Report
The Netherlands: United in face of challenges
The financial crisis triggered closer co-operation between the three Dutch pension fund organisations. In November last year the Pension Federation became the single external voice of all 550 Dutch pension schemes, as director Gerard Riemen, explains to Leen Preesman
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Special Report
Europe's Pension Consultants: A little goes a long way
The UK’s smaller pension schemes are arguably more varied and challenged than the bigger ones. Martin Steward meets some of the advisers dedicated to helping them cope
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Special Report
Europe's Pension Consultants: Talking heads
We put questions to nine leading European pension consultants
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Country Report
The Netherlands: DNB to tighten supervision
Mariska van der Westen outlines the agenda of the Dutch pension fund supervisors
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Country Report
The Netherlands: Each to its own
Last year, social affairs and labour ministry director general Maarten Camps hinted that the new FTK would take on a dual character. He talks to Miranda Schoutsen about the form the framework will take
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Country ReportThe Netherlands: Panic football or a long game?
Dutch opinion is divided over the regulatory reaction to the recent financial shocks, find Liam Kennedy and Mariska van der Westen. Whatever the outcome of the planned overhaul to the FTK, good communication will be essential
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Country Report
The Netherlands: The yin and yang of investing
De Nederlandsche Bank (DNB) advocates strict separation of risk management and fiduciary management. But Lodewijk van Pol, head of fiduciary management at Lombard Odier, argues that risk management and fiduciary management are joined together at the hip and that is just the way it should be
