Pension System – Page 298
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Features
Keep it in the family
Gail Moss examines the arguments for and against retaining control of asset management in-house
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Country ReportSwitzerland: A never-ending road
With impeccable timing, yet another scandal has hit Swiss pensions just as the country is finalising a reform of second pillar supervision. Barbara Ottawa assesses the state of Swiss pension regulation and governance
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Country ReportSwitzerland: A never-ending road
With impeccable timing, yet another scandal has hit Swiss pensions just as the country is finalising a reform of second pillar supervision. Barbara Ottawa assesses the state of Swiss pension regulation and governance
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Country Report
Switzerland: Of prudence and pretence
The asset allocation of Swiss pension funds is subject to detailed government regulations. As the granularity of these regulations has been relaxed over the years, some say that Switzerland is well on her way to adopt the globally established prudent investor standard. Christian Dreyer begs to differ
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Country Report
Switzerland: Sitting pretty
Emma Cusworth charts Swiss pension funds’ allocations to domestic equities
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NewsUK roundup: Sackers, TPR, Lehman Brothers, Nortel, Towers Watson, NAPF, Stewardship Code
UK – Pension law firm Sackers has criticised the stance taken by the UK Pensions Regulator (TPR), as well as Lehman Brothers and Nortel Networks UK (NNUK), during a recent court case over the regulator's Financial Support Directive (FSD).
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NewsUK roundup: Towers Watson, NEST, Balfour Beatty, Daily Mail and General Trust
UK – Towers Watson has warned that large UK companies are likely to shun the National Employment Savings Trust (NEST) in favour of their own pension funds, as they will offer better value over the new defined contribution scheme.
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NewsUK mortality revision to increase liabilities by £5bn, warns Aon Hewitt
UK – Revised mortality tables will see pension fund liabilities rise by £5bn across the industry, Aon Hewitt has warned.
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NewsUK NEST rules out infrastructure, hedge funds for immediate future
UK – The UK National Employment Savings Trust (NEST) has ruled out any direct investments in infrastructure, commodities and high yield in its first few years of existence.
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NewsUK schemes prefer overseas to domestic equity, PPF data shows
UK – UK pension funds are continuing to shift their equity investments away from domestic holdings to international shares, the latest Purple Book published by the Pension Protection Fund (PPF) has revealed.
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News
Turkish pension system grows apace, on track to reach €25bn by 2020
TURKEY – The Turkish private pensions system will hold more than TRY50bn (€25.65bn) in assets by 2020 and even has the potential to grow to twice that size, according to Meral Eredenk, chairwoman of the country’s Pension Monitoring Centre (EGM).
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NewsBT Pension Scheme sees deficit more than halved by CPI switch
UK – The BT Pension Scheme (BTPS) has announced a 55% reduction in its deficit as a result of the switch to the consumer price index (CPI).
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NewsUK roundup: PwC on AIFM, Aviva closes final salary scheme
UK – The UK asset management industry is unprepared for the implementation of the Alternative Investment Fund Managers (AIFM) directive, with only 2% saying they know how to implement the changes, according to a study conducted by PwC.
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NewsUK roundup: PPF, NAPF, Pension Capital Strategies, Lothian Pension Fund
UK – The Pension Protection Fund (PPF) has announced positive returns for 2009-10, leading to a £400m (€460m) surplus for the organisation.
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Country Report
The Nordic Region: Hedge fund appetite
Charlotte Bonde Tamm presents insights into hedge fund investments among Nordic investors
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Features
Twin-track approach
Nina Röhrbein asked Henrik Olejasz Larsen (pictured), CIO of Denmark’s Sampension, about the challenge of offering policies based on contrasting investment strategies
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Special Report
The Nordic Region: Early movers and growing assets
Susanne Jacobson and Linda Stany assess the role smaller investors are playing in the responsible investment area
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Features
Bridging the Atlantic
Gail Moss reports on a transatlantic collaboration project between four pension associations to form a joint response on accounting standards proposals
