Pension System – Page 299
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News
Global delegates debate sustainability of DC schemes
IPE AWARDS – Risk management, member education and regulatory constraints were some of the common issues identified by the international panel at the European IPE Award seminar in Monaco yesterday.
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NewsUK roundup: Northumbrian Water, Thames Water, Capita Hartshead, Morris Review
UK – Northumbrian Water has announced a £36m (€41m) reduction in its pension deficit after applying the consumer price index (CPI) as a measure in its latest half-yearly results.
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Country Report
Switzerland: The big squeeze: active vs passive
Emma Cusworth asks if active management is stifled by the concentrated nature of the Swiss market
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Country Report
Switzerland: Alternative route to diversification
Are Swiss pension funds overcoming their traditional aversion to hedge funds and alternatives? Nina Röhrbein reports
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Features
Tailor-made alternatives
Diversified alternatives strategies place an emphasis on the client’s needs and the manager’s role, and have found favour with London Borough of Newham, as John Turnbull explains
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Country ReportSwitzerland: BVK rises from the ashes
The head of asset management is new, the CEO remains in place for stability and a package of recovery measures should take care of the deficit. Barbara Ottawa asks whether all is really well at the Zurich canton pension fund
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Features
Common-sense overlay
Brendan Maton spoke to Jo Ray, who runs the pension fund of Lincolnshire County Council on England’s east coast, about the fund’s common-sense approach to in-house and external asset management
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Country Report
Switzerland: Efficient, secure and transparent pension funds
The relative benefits of a pension fund are impossible to judge as each stakeholder has a different level of expectation. Gérard Fischer looks at ways of defining a ‘good’ scheme
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Country Report
Switzerland: Not enough of a good thing
Nina Röhrbein charts demand for Swiss domestic property and a market that cannot satisfy institutional demand
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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.
