Pension System – Page 314
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Country Report
Denmark: Where ATP leads...
The Danish pensions giant is renowned for cutting-edge work in liability-driven investment and separation of alpha and beta. But Martin Steward finds that the reality is different from what the buzzwords imply – and even more pioneering
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Features
BVK’s new risk criteria
Liquidity is now a key issue for the €43.2bn Bayerische Versorgungskammer (BVK), Germany’s largest institutional investor, but the fund is not shying away from diversification.
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Features
Pension Fund Horeca & Catering: Rare species
Liam Kennedy spoke with Ernst Hagen (pictured), head of asset management at Pension Fund Horeca & Catering (PH&C), which covers the Dutch hospitality sector
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Country Report
France: Morning of a long day of mergers
Pirkko Juntunen assesses the changes in the French asset management landscape
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Country Report
Finland: Temporary rules extend helping hand to long-term plans
An extension of temporary solvency and investment rules has helped pension funds to hold on to their long-term strategies, finds Reeta Paakkinen
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Country ReportFrance: Reforms on the starting line
Reform to the French social system is less politically unacceptable than it was a few years ago, writes Alain Lemoine
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News
Harbour workers accept settlement in Optas pensions dispute
NETHERLANDS - The representative body of Dutch harbour workers (SBPVH) said it has settled its financial dispute with the Optas Foundation concerning the ownership rights to a harbour pension plan.
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News
CBI claims charges will drive savers out of NEST
UK – High initial charges on the proposed National Employment Savings Trust (NEST) could mean savers would be better off in private sector pension funds with annual management charges of up to 0.6% for at least the first six years, according to the Confederation of British Industry (CBI).
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News
Funded first pillar raises CEE mobility questions
EUROPE – Non-accumulated pension assets from various first pillar pension systems might lead to problems for people wanting to buy an annuity, a representative of the Slovak ministry for social affairs has warned at a conference in Vienna.
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News
CBI calls for Swedish-style shift on UK public sector pensions
UK - Public sector pensions in the UK have become "unsustainable", with an estimated unfunded liability of £1.01trn (€1.14trn), according to the UK Confederation of British Industry (CBI). But one solution proposed is a move to a Notional Defined Contribution (NDC) system similar to one applied in Sweden.
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News
Cadbury members offered new pension scheme or pay freeze
UK – Kraft, the new owner of chocolate manufacturer Cadbury, is attempting to woo staff away from the final salary pension fund and into a career average scheme by warning those who do not move could face a three-year pay freeze.
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Features
Regulation roundup
Gail Moss highlights key legislative and regulatory developments for pensions across seven European countries
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Country ReportGermany: Risiko!
Many German institutions already use their tight risk budgets to finance minimum returns. Now, with inflation on the horizon, the task is to allocate risk effectively, writes Nina Röhrbein
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Country Report
Germany: Local and global
Nina Röhrbein assesses the state of play in the German asset consulting marketplace following the merger of Towers Perrin and Watson Wyatt
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Country Report
Germany: A pan-German conundrum
Greater subsidiarity for the 16 German provinces could lead to a multitude of pensionprovision regulations for civil servants and significant mobility problems, finds Barbara Ottawa
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Country Report
Germany: Pensions at a time of rising PSV contribution rates
Nikolaus Schmidt-Narischkin assesses the problems arising from increasing corporatecontributions to Germany’s PSV pension guarantee system
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Country Report
Germany: Risk and occupational pensions
Nigel Cresswell, Wolfram Horneff and Stephan Wildner assess risk management techniques
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Country Report
Germany: BilMoG reforms ring the changes
Günter Hainz and Georg Thurnes assess the implications of the new BilMoG accounting rules for pension liabilities
