All IPE articles in September 2001 (Magazine)
View all stories from this issue.
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Features
UK schemes 'underfunded'
Increasing numbers of the UK’s largest pension funds are finding themselves under-funded, according to the latest annual study of company accounts to be published next week by consultant Bacon & Woodrow. The study of companies listed in the FTSE 100 index reveals that a wide variation exists in funding levels ...
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Features
Unconvinced speak out
Talk to any investment professional about multi-manager and most have forthright opinions. However, such is the reach of the multi-manager approach- linking consultants, investment managers and pension funds- that few are willing to go on the record. In the UK, in particular, consultants still rule and are rightly considered the ...
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Features
Nestlé picks Northern Trust
Northern Trust has won the custody mandate for Nestlé Switzerland’s Sfr7bn (€4.6bn) pension fund. The fund, based in Vevey, will receive domestic and global custody and related services, including risk performance, performance measurement, online services, Swiss stamp tax processing and reporting. Says Lucille Knapp of Northern Trust: “Major reasons given ...
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Features
Pan-Euro pensions threat to islands
The Channel Islands hold a unique constitutional position in Europe, being neither sovereign states nor colonies or territories. Although not a part of the UK they are possessions of the Crown, to which they owe allegiance as successors to the Duke of Normandy. Furthermore, they do not form a part ...
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Features
Using insurance to wrap stakeholder pensions
The recently launched stakeholder pensions in the UK look set to have a significant impact on the balance of power between asset managers and insurance companies. While the asset managers won substantial business with the growth of the defined contribution (DC) market, the different requirements demanded by stakeholder pensions are ...
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Features
Telecoms influence pervades market
The summer months saw some signs of distress in the more esoteric corners of the market, notably corporate bonds and convertibles. The immediate problem was, not surprisingly the telecoms sector, where bond yields exploded and convertible prices collapsed. Despite this, an analysis of euro corporate bonds shows them matching bank ...
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Features
How many managers?
Two arguments commonly used to promote multi management structures are one, that they give small schemes access to specialist managers and two, that by employing more managers, they are a good means of diversifying risk. These arguments rest on two assumptions though – firstly that specialists are special and secondly ...
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Features
In search of super glue
At this month’s conference hosted by the Association of Superannuation Funds of Australia (ASFA) in Cairns, Queensland, delegates will have a chance to assess how far Australia has progressed in its bid to develop a greater global outlook. In recent years, the country has attempted to become the hub for ...
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Features
The message just isn't getting through
Our firm retained some researchers to look into how the largest 50 UK pension funds view securities lending and more specifically risk management related issues. Our research was conducted purely in the UK, as the feeling was that there would be little difference across Europe. All the funds had over ...
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Features
Solutions for smaller funds
Pooled funds have been an attractive proposition for wealthy individuals and smaller institutional investors for many years, due to their lower management fees and custodial costs when compared with separately managed accounts. Pooled funds are also available in a huge variety of investment strategies, including international investments. However, pooled fund ...
