All Country Reports – Page 58
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Country Report
Switzerland: Investment decisions in 2009
Pension funds’ investment behaviour has come under heavy criticism from all sides due to the financial crisis, writes Peter Baenziger. Appropriate asset allocation was a major challenge for Swiss pension institutions in 2009
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Switzerland: The BVG generation
The BVG/LPP law of 1985 introduced mandatory workplace pensions in Switzerland.Looking back over the last 25 years, IPE questioned five industry figures
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Switzerland: Doing the splits
Nina Röhrbein looks at how Switzerland is dividing up the AHV/AVS Social Security Fund to avoid what has been described as ‘an unhealthy state of affairs’
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Switzerland: The wrong conversion
Barbara Ottawa assesses March’s national referendum on the mandatory conversion rate for Swiss pensions. This political victory for the few might prove detrimental to the many who will now have to pay higher contributions
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Greece: Deep structural problems
Reeta Paakkinen examines Greece’s economic woes and the impact of pension reforms. There are signs that the private sector will have to play a greater role in future provision
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Cyprus: Stepping off the path
Nina Rohrbein looks at the effects of Regulation 2/2010 on the conservative asset allocations of Cypriot pension funds
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Egypt: Towards reform
Egypt is to supplement its €42bn of social security reserves with a new defined contribution system that has been developed in partnership with the World Bank. The Egyptian deputy minister for finance, Dr Mohammed Maait, told Pirkko Juntunen about the planned new system
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Malta: UK QROPS in Malta
As the economic climate stalls national pension reform, UK expatriates can now adminster funds from the locale. Stephanie Testaferrata reports
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Turkey: Sector growth
A new generation of investment funds is emerging in Turkish pensions, whose assets could grow to €60bn in 10 years, writes Reeta Paakkinen
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Turkey: Inflows from foundations
Reeta Paakkinen finds mixed views on the expected inflow of assets from some 250 associations and foundations
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Turkey: Foreign pension players
Expect market consolidation in Turkey’s young private pensions sector. Reeta Paakkinen outlines the issues behind this as 13 pension insurance companies battle for a market of two million, with the potential to grow tenfold
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France: Tactical moves
In a country of defined contribution schemes, French pensions have historically been risk averse. Nina Röhrbein reports on whether this trend in asset allocation is continuing
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France: A double tax burden
Gilles Dureuil outlines taxation changes that will affect defined benefit pensions in France
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Norway: Active enquiry
The €346bn Norwegian Global Pension Fund lost more than 23% in 2008 but went on to book a stellar 2009 with returns of over 25%. However, transparency also means scrutiny, and an enquiry into active the benefits of active management followed, writes Pirkko Juntunen
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France: Showing the way on ESG
ERAFP and FRR are two of the most socially and environmentally aware pension funds in France, writes Nina Röhrbein
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Sweden: Liabilities rule
Pirkko Juntunen reviews the activities and performance of Swedish pension funds and companies
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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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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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France: Morning of a long day of mergers
Pirkko Juntunen assesses the changes in the French asset management landscape