All Country Reports – Page 53
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Country Report
UK: PPF: Protector of the UK system
Nina Röhrbein assesses the Pension Protection Fund’s investment strategy
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Country Report
UK: Not so gold plated
Brendan Maton considers the policy and operational challenges faced by local government pension funds – whose benefits are often described as ‘gold plated’
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Country Report
UK: Risk takers
Nina Röhrbein outlines investment strategies of funds in the local government sector Reaching full funding is a concern to local authority pension funds. As the funding level for most larger local authority pension funds implies that a significant allocation to growth assets is required, there has been only a moderate ...
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Country Report
UK: Bucking the governance trend
Nina Röhrbein spoke with Paul Myners, chairman and partner at Cevian Capital, and Harlan Zimmerman
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Country Report
UK: NEST and the competition
Next year NEST opens for contributions. But competitors are also hunting on the same turf, writes Kalpana Fitzpatrick
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Country Report
UK: Re-thinking fiduciary duty
John Dickson argues that with a little introspection, trustees can show the true power of the trustee model
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Country Report
UK: A breakdown in communication
Sarah Dudney sees frustration in the way asset managers communicate with tustees
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Country Report
The Netherlands: Pension deal - the industry reacts
The long-awaited Dutch pension reform agreement has drawn both praise and criticism from the industry, reports Mariska van der Westen
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Country Report
The Netherlands: Yeah baby, yeah
Tim Burggraaf assesses the Dutch market for PPI structures
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Country Report
Italy: The fiscal rubacuori
As Silvio Berlusconi struggles to maintain authority under a deluge of legal cases, his mandate has been undermined. Maria Teresa Cometto argues that the losers will be the economy and the pension industry as fiscal reform will be postponed in favour of achieving short-term political gain
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Country Report
Italy: Amundi SGR SpA Seconda Pensione Fondo Pensione Aperto
The supplementary pension fund of Amundi Asset Management is a defined contribution plan, founded in 1999. Subscription is voluntary and open to employees of Amundi and other individuals, independent of profession.
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Country Report
Italy: Fondo Pensione Complementare Pegaso
Fondo Pensione Complementare Pegaso was founded in 1997 as the contractual pension fund for the Italian utilities sector. Its membership base consists of mainly electricity, gas and water companies, at present it has around 500 member companies.
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Country Report
Italy: Hamstrung by law 703
Armando Piccinno reviews Italian pension funds’ asset allocation behaviour
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Country Report
Italy: Uncertainty reigns supreme
The Italian pension sector is facing a period of overdue reform, the second-pillar needs strenghtening and the restrictive law 703 hampers investment decisions. But Carlo Svaluto Moreolo wonders if the government has any desire for change
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Country Report
Italy: The guard changes at Cometa
As Fabio Ortolani steps down from the Cometa pension scheme ahead of August’s management elections, Carlo Svaluto Moreolo offers an appraisal of his term and the issues that the new team will have to focus upon
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Country Report
Switzerland: Yes, but...
Swiss occupational pension reform is on schedule but the industry does not agree on how to implement it, reports Barbara Ottawa
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Country Report
Switzerland: Industry views
As part of the structural reform of the second pillar, Swiss regulations BVV1 regarding the supervision of occupational pensions and BVV2 concerning occupational pensions, disability and bereavement provision – have been amended. A new regulation, ASV, is also set to take effect from January 2012. As part of the legislative ...
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Country Report
Switzerland: Converging problems
‘Too rash, too unadvised, too sudden’ is Juliet’s appraisal of Romeo’s declaration of love. This characterises the thinking of member companies of the BVK about proposed recovery measures, writes Barbara Ottawa
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Country Report
Switzerland: Accounting mortality
Benno Amrosini and Ruben Lombardi assess the application of generational mortality tables, and their impact on the balance sheet and income statement
