Pension System – Page 310
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Features
Pitfalls of fiduciary management
Christiaan Tromp outlines the necessary criteria for successful and long-lived fiduciary management partnerships
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NewsUK roundup: Pensions Regulator, Lehman Brothers, CBI, Mercer, KPMG
UK – The Pensions Regulator has issued a financial support direction against six insolvent Lehman Brothers subsidiaries, ordering them to supply funds to the companies' UK pension scheme.
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NewsUK roundup: IMA, Legal & General, UNPRI, FTSE 350
UK – The Investment Management Association (IMA) has warned that new proposals to regulate the over-the-counter derivatives market could end up transferring all the risk to the end investor.
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NewsCPI switch could decrease deferred liabilities by 7.9% for a typical UK scheme
UK – Calculating pension increases according to the consumer price index (CPI) would reduce liabilities for deferred members by around 7.9% for a typical UK scheme, according to PensionsFirst.
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FeaturesPooling – how it works
Gail Moss outlines the essential elements of multinational pension and asset pooling, and how smaller pension funds can get in on the act
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Country Report
The Netherlands: A plan for pensions
At the invitation of IPE’s Dutch sister publication IPN in June, writes Mariska van der Westen, over 80 pension funds and consultants joined experts to discuss the challenges facing the Dutch pension sector.
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Country Report
The Netherlands: Not an easy game
Anton van Nunen examines why pension fund-owned fiduciary managers have been less successful than other competitors
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Country Report
The Netherlands: Who will take up the challenge?
It is widely hoped that the introduction of the multi-OPF will offer smaller corporate funds a means to survive in a complex investment environment. Mariska van der Westen asks who will partake?
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Country ReportThe Netherlands: Still a popular choice
Fiduciary management is still gaining ground in the Netherlands, and pension funds believe themselves to be in control despite delegating to a one-stop shop service provider, according to the third annual fiduciary management survey of 26 Dutch pension funds of our Dutch sister publication IPN. The funds vary in size ...
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Country Report
The Netherlands: A new Dutch IORP
Wilfried Mulder and Hans van Meerten outline the Netherlands’ planned new fund vehicle, the PPI
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Country ReportUK: A pension coalition
The UK’s new coalition government was as quick to tackle the tricky issue of pensions policy as it was surprisingly quick in its formation. Gill Wadsworth outlines the issues under consideration
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Country Report
UK: Building the NEST
Announced in the Pension Act of 2007, the National Employee Savings Trust is a work in progress. Nina Röhrbein reports
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Country Report
UK: Fund in the news
British Airways (BA) completed a £1.3bn (€1.58bn) pension buy-in transaction with Rothesay Life, the insurance entity of Goldman Sachs, in the summer, which will approximately cover 20% of the pensioner liabilities of its Airways Pension Scheme (APS).
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Country Report
UK: The promise of the future
The regulator, associations and funds themselves are increasingly grappling with the issue of defined contribution pensions, writes Nina Röhrbein
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Country Report
UK: Good pensions now – please!
Adrian Waddingham, founding partner of consulting actuaries Barnett Waddingham, sets out his pension priorities for the new government
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Country Report
UK: Questions of governance
The regulator, associations and funds themselves are increasingly grappling with the issue of pension fund governance, writes Gill Wadsworth
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Country Report
UK: Changes to pensions indexation
David Bennett outlines the implications of the UK government’s decision to change the metric for pension benefit indexation. These are not as straightforward as some might have believed
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Country Report
UK: DMGT Pensions DC scheme
Ten years after creating its first trust-based defined contribution (DC) pension scheme, Daily Mail & General Trust plc (DMGT) set up a contract-based DC plan in October 2007. It now has five contract DC plans, covering three divisions and two associated companies.
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Country Report
UK: Risk…or de-risk
While the market for bulk annuities and partial buy-outs continues to grow, many funds have not even started to hedge interest rate or inflation risk, finds Gill Wadsworth
