All Securities Services articles – Page 32
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Special Report
Guiding light of shareholder value
When you think of Sweden, you think ‘green’ – environmentally friendly, clean and responsible. The Swedish pension fund world is no exception. Consider AP7’s high profile stock-screening policy based on international corporate social responsibility (CSR) guidelines. At the root, however, the debate between CSR, shareholder value and the role of ...
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Features
Getting the admin sorted
The slow pace of development of defined contribution (DC) pension plans across Europe – whether at the national or pan-European level – has frustrated the growth plans of the investment management industry. While many of the political and social factors impeding DC plans are outside the direct control of the ...
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Book Review
Book review: 'European Pensions & Global Finance'
Gordon Clark’s book, European Pensions and Global Finance, provides a refreshing addition to the burgeoning literature on social security and old age retirement security. Rather than offer another solution to the pending crisis, he reviews the political economy and economic geography to examine the role and status of European pension ...
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Features
Europe's end-game comes closer
Along with the untimely, if unlamented, demise of the global Straight Through Processing Association, the acquisition by State Street of Deutsche Bank Global Securities Services was undoubtedly one of the more notable developments in the industry during 2002. The transaction put State Street at the very top of the custody ...
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Features
Putting custodians to the test
Clients actively involved with their custodians know their provider does not just offer custody and settlement services. All custodians these days are leveraging the existing relationships they have with their custody clients. They are keen to add to the list of ‘value added services’ used by their clients. Many believe ...
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Features
Going out on a ratings limb
Across the globe, CEOs and CFOs have been ‘feeling the heat’ for some time. The corporate and personal implications and repercussions of the prolonged slowing of the world economy, the Enron scandal and other stories, the Sarbanes Oxley Act and the sustained decline in equity prices over the past three ...
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Features
Sharing the upside
Inherently the concept of performance fees is appealing. The plan sponsor only pays for performance when the manager delivers, and the manager has additional motivation to perform. However, a lower fee is poor compensation for cost of the poor performance it accompanies, and managers, in the pursuit of higher performance, ...
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Features
Dutch funds go deeper into red in 2002
Dutch pensions funds results for 2002 do not make for pretty reading, as the negative returns for 2002 following on a dismal 2001 have pushed some funds below the high watermark line of the strong buffer reserves designed to absorb the severest of market shocks. The unprecedented declines heralded in ...
