All Country Reports – Page 61
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Country Report
Sweden AP funds prepare for future
Sweden is far from resting on its pension reform laurels, the social security minister tells Pirkko Juntunen
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Country Report
AP1 New strategic focus
Shifting its focus to asset allocation and risk management and realising the importance of finding new and more efficient ways of managing assets was already apparent to Sweden’s AP1, the First National Pension Fund, ahead of what has become the worst financial crises and economic downturn in modern history.
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Country Report
AP2 Back to basics
It is often said that there is nothing like a crisis to focus the mind. This is certainly true of AP2, the Second Swedish National Pension fund, which has come through the turmoil with a new focus and a streamlined investment team.
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Country Report
AP3 Opportunities out of adversity
Despite what most in the financial sector would call a truly annus horibilis, the Third National Pension Fund in Sweden, warns against panicking and staring yourself blind on one bad year, particularly as an investor with a long investment horizon. Instead the management of the fund continues to focus on ...
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Country Report
AP4 Improvements despite criticism
Public pension funds are scrutinised in general and every decision is under the microscope, perhaps more so than in most areas in Sweden, with its tradition of open and transparent governance.
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Country Report
AP7 New directive leads to overhaul
It is probably fair to say that most pension fund managers are glad that 2009 is coming to an end and are looking towards 2010 with hope and apprehension rather than excitement. In Sweden there are, however, at least two pension fund professionals who are excited about the future.
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Country Report
Price for Norwegian DB guarantees
The Norwegian pensions oligopoly can only be challenged if employers transfer pensions to an IORP structure, argues Christian Fotland
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Country ReportA time of radical changes
Jan Willers outlines some of the key findings of the fourth Nordic Investor Survey of Copenhagen-based Kirstein Finans, including muted interest in international diversification due to solvency concerns
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Country Report
Home advantage
Last year’s equity sell-off interrupted Nordic investors’ progress towards more international exposure, but there are good reasons to like this home bias anyway, writes Martin Steward
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Country Report
Wag the dog
Liam Kennedy spoke with the chief executive of the UK’s NAPF, Joanne Segars, about pensions, lobbying and the association’s ideas for optional indexation H
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Country Report
Dilemma of market gains
Emma Cusworth assesses the funding levels of Swiss pension funds
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Country Report
Positive voting opportunity
The Swiss vote on pensions in 2010 presents an excellent chance to make the case for a good second pillar, argues André Tapernoux
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Country Report
Consequences of inflation
Deflation and inflation have differential effects on the redistribution of risks between active members and pensioners, find Lukas Riesen and Alfred Bühler
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Country Report
PGGM: No ordinary fiduciary manager
When PGGM was spun off from the industry-wide healthcare scheme PFZW in January of 2008, a new giant fiduciary manager seemed to enter the Dutch market. But although PGGM offers ‘integrated asset management’, the organisation has shunned the fiduciary management label. PGGM Asset Management CEO, Else Bos, explains why to Mariska van der Westen
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Country Report
Fiduciary management moves into a new phase
Miranda Schoutsen spoke to five providers about changes in fiduciary services, re-orientation and a changing of the guards
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Country Report
Law change is just a formality
Swiss pension funds welcome new investment limits on alternatives because of their emphasis on the prudent investor rule, not because they make investing easier, finds Nina Röhrbein
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Country Report
Clear boundaries ahead
An amendment to the legislative framework for pensions aims to reduce the number of supervisory authorities for Pensionskassen with clearer structures and more unified rules on governance, finds Barbara Ottawa
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Country Report
Investing in banks: brilliant or bunk?
Pension schemes should invest €30bn worth of pension money in illiquid bank assets,according to a recent proposal presented to the Dutch finance minister, Wouter Bos. A great idea? Pension luminaries Jean Frijns and Dick de Beus believe it is, and explained their views to Mariska van der Westen
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Country Report
De-risking redefined
The new importance of bond yields for UK schemes’ solvency underlines the re-thinking of liability-driven investing, bond mandates and the need for tactical decision making, finds Martin Steward
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Country Report
A DC smörgåsbord
Simon Pearse recommends that UK pension trustees should use the Personal Accounts model as a benchmark for their own DC schemes
