Pension System – Page 295
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Features
An avarice for absolute return
Pirkko Juntunen looks at the unique pension investment policy employed by Swedish construction company Skanska
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Features
Should fiduciaries manage assets?
Anton Van Nunen writes on the changing role of fiduciary managers. Should they manage pension assets themselves despite the potential conflict of interest?
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Country Report
Italy: The guard changes at Cometa
As Fabio Ortolani steps down from the Cometa pension scheme ahead of August’s management elections, Carlo Svaluto Moreolo offers an appraisal of his term and the issues that the new team will have to focus upon
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Features
Convergence over harmonisation
Niels Kortleve, Barthold Kuipers and Wilfried Mulder offer reasons why the European Commission should focus on convergence of EU pension regulation rather than harmonisation
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Features
Pressure to scale up to hold down costs
Gail Moss looks at how multinational companies are grappling with pension scheme underfunding in the face of rising longevity pension scheme underfunding in the face of rising longevity
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FeaturesNordic investors warm to EMD
Investors in Nordic countries show rising interest in emerging market debt as a way to take part in the emerging market story. Jan Willers reports on findings of a recent survey
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Features
Keen on illiquidity
Peter Wallach of the UK’s Merseyside Pension Fund tells Nina Röhrbein how the scheme’s philosophy affects its investment strategy
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Country Report
Italy: Uncertainty reigns supreme
The Italian pension sector is facing a period of overdue reform, the second-pillar needs strenghtening and the restrictive law 703 hampers investment decisions. But Carlo Svaluto Moreolo wonders if the government has any desire for change
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News€4bn AkzoNobel pension scheme sets up pension bureau
Bureau to improve policy, supervision of pension provider, relationship with external experts.
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NewsABN AMRO pension scheme protects funding through derivatives exposure
Increased exposure part of €10bn scheme's dynamic re-balancing policy.
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NewsShell pension scheme increases equity allocation to 65%
Returns 14.8% in 2010, with all asset classes contributing to 1.4% outperformance.
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NewsDelta Lloyd pension scheme grants full indexation
Fund officials cite previous commitment from employer, 11% return on investment in 2010.
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NewsDentists' pension scheme boosts funding, but misses target
Beleaguered fund appointed administrator this spring after sacking board over governance dispute.
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NewsAhold pension scheme overhauls investment, risk management
Increases fixed income allocation to 50% at expense of equities after conducting ALM study.
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NewsSwaps liquidity risk demands attention, says DNB
Survey of 27 Dutch schemes shows not all have sufficient assets to comply with collateral requirements.
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NewsEquity and commodities top earners for Dutch Provisum fund
Pension fund for retailer C&A sees commodities and equity portfolios return 20%, 9.89% overall.
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NewsAustrian roundup: Q1 Pensionskassen returns, supervisor FMA
AUSTRIA – Pension funds report 0.7% loss for period between January and March.
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Country Report
Switzerland: Accounting mortality
Benno Amrosini and Ruben Lombardi assess the application of generational mortality tables, and their impact on the balance sheet and income statement
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Country Report
Switzerland: Converging problems
‘Too rash, too unadvised, too sudden’ is Juliet’s appraisal of Romeo’s declaration of love. This characterises the thinking of member companies of the BVK about proposed recovery measures, writes Barbara Ottawa
