Pension System – Page 303
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Country ReportSwitzerland: Investment decisions in 2009
Pension funds’ investment behaviour has come under heavy criticism from all sides due to the financial crisis, writes Peter Baenziger. Appropriate asset allocation was a major challenge for Swiss pension institutions in 2009
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Features
Unipension: Risk, adjusted
Martin Steward spoke with Niels Erik Petersen (pictured) and Søren Bang Andersen of Unipension, the consolidated administration service for Denmark’s pension funds for architects, MAs, MScs and PhDs, agricultural academics and veterinary surgeons
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Opinion Pieces
Pension contracts and regulation
Robert C Merton and Jan Snippe argue that Dutch pension legislation should be inspired by fresh and logical thinking
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Country Report
Switzerland: The BVG generation
The BVG/LPP law of 1985 introduced mandatory workplace pensions in Switzerland.Looking back over the last 25 years, IPE questioned five industry figures
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Country Report
Switzerland: Doing the splits
Nina Röhrbein looks at how Switzerland is dividing up the AHV/AVS Social Security Fund to avoid what has been described as ‘an unhealthy state of affairs’
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Country Report
Switzerland: The wrong conversion
Barbara Ottawa assesses March’s national referendum on the mandatory conversion rate for Swiss pensions. This political victory for the few might prove detrimental to the many who will now have to pay higher contributions
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Country Report
Greece: Deep structural problems
Reeta Paakkinen examines Greece’s economic woes and the impact of pension reforms. There are signs that the private sector will have to play a greater role in future provision
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Country Report
Cyprus: Stepping off the path
Nina Rohrbein looks at the effects of Regulation 2/2010 on the conservative asset allocations of Cypriot pension funds
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Country Report
Egypt: Towards reform
Egypt is to supplement its €42bn of social security reserves with a new defined contribution system that has been developed in partnership with the World Bank. The Egyptian deputy minister for finance, Dr Mohammed Maait, told Pirkko Juntunen about the planned new system
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Country Report
Malta: UK QROPS in Malta
As the economic climate stalls national pension reform, UK expatriates can now adminster funds from the locale. Stephanie Testaferrata reports
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Country Report
Turkey: Sector growth
A new generation of investment funds is emerging in Turkish pensions, whose assets could grow to €60bn in 10 years, writes Reeta Paakkinen
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Country Report
Turkey: Inflows from foundations
Reeta Paakkinen finds mixed views on the expected inflow of assets from some 250 associations and foundations
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Features
Does compulsion work?
Gail Moss looks at whether compulsory contributions make for better workplace pensions
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Country Report
Turkey: Foreign pension players
Expect market consolidation in Turkey’s young private pensions sector. Reeta Paakkinen outlines the issues behind this as 13 pension insurance companies battle for a market of two million, with the potential to grow tenfold
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News
Auto-enrolment still on track as new UK government rings changes
UK – The new coalition government in the UK has confirmed it will continue with existing plans for incoming auto-enrolment regulations, while its intentions to part-privatise Royal Mail has raised questions over the future of the organisation’s pension deficit.
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Country Report
France: Tactical moves
In a country of defined contribution schemes, French pensions have historically been risk averse. Nina Röhrbein reports on whether this trend in asset allocation is continuing
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Country ReportFrance: A double tax burden
Gilles Dureuil outlines taxation changes that will affect defined benefit pensions in France
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Country Report
Norway: Active enquiry
The €346bn Norwegian Global Pension Fund lost more than 23% in 2008 but went on to book a stellar 2009 with returns of over 25%. However, transparency also means scrutiny, and an enquiry into active the benefits of active management followed, writes Pirkko Juntunen
