All Securities Services articles – Page 30
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Features
The viruous circle of transition management
The tricky proposition of simultaneously restructuring portfolios while changing investment managers can be daunting for even the most sophisticated pension fund sponsor. If badly handled, a transition can severely impact the health of a pension fund. Transition managers allow pension funds to allocate assets efficiently – both with reference to ...
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Features
Degussa chooses new custodian
German chemical company Degussa has re-organised its E2.4bn Pensionskasse, appointing a master KAG structure and a new custodian as well as putting six new investment mandates out to tender. Andreas Poestges, head of asset management at the Degussa Pensionskasse explained that dbi of the Allianz Dresdner Asset Management group (ADAM) ...
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Features
Unleash your investment manager
There has been much criticism of the way investment benchmarks are used by institutional investors, such as pension funds. Many commentators have argued that the ‘tech boom’ was exacerbated by institutional investors piling into technology stocks simply because they were in the index. Many investment managers have complained that risk ...
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Features
For a small fee...
Convention has it that the long-term benchmark is the ‘strategy’, and the shorter-term deviations are the ‘tactics’. More important than the label is by whom and how these long-term decisions are made. There was a time when the trustee decision was to follow the herd, and the herd moved at ...
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Features
External managers still make sense
All over Europe, pension funds are handing over the running of their assets to third-party managers. Outsourcing has become a buzz word as regulatory reform, a clampdown on costs and risk, and a greater awareness of best market practice lead pension funds into new asset classes with new managers and ...
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Features
How to secure a pension deal
The need for clearly articulated arrangements between pension stakeholders has recently gained in importance. It is no longer acceptable for large corporations to base their relationship with their pension funds on vague promises as far as annual contribution rates, shortfall recovery plans and refunds in abundant market situations are concerned. ...
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Features
Switch to DC poses real problems
The UK has a long history of defined benefit (DB) pensions, but in recent years many employers have switched to defined contribution (DC) schemes, particularly for new members. As the requirements are different for each of these arrangements, changing from DB to DC presents companies with administration and governance challenges. ...
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Features
Cracking the German market first
As the European pension market evolves, with new regulations creating greater diversity in the types of pensions available to workers, pension providers are faced with the issue of how to administer the different products they are now able to offer. Nowhere is this problem more marked than in Germany where ...
