All articles by David White – Page 18
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News
'Value' consistently outperforms 'growth' - UK study
UK - The first comprehensive study of the ‘value effect’ in the UK equity markets demonstrates that value stocks have outperformed growth stocks for almost 50 years.
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News
Pension funds eyeing gold funds, says MLIM
GLOBAL - Pension funds should have at least five percent invested in gold funds if they want to take advantage of the increasing demand for gold, says Merrill Lynch Investment Managers.
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News
Hibernian passes some asset management to London
IRELAND - Hibernian Investment Managers, (HIM) one of the five largest asset managers in Ireland, has split its fund management business between Ireland and the UK.
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Features
Low taxes pose pension dilemma
The Isle of Man, less than 100km from the UK coast, has always followed pension developments in the UK closely. This is in contrast to the other two British offshore centres, Jersey and Guernsey, which have taken a more independent approach. The island adopted most of the provisions of the ...
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Features
Breeding for Brussels
This month’s Off the Record looks at the issue of demographic ageing and the problem of who will pay the pensions of Europe’s pensioners in the future. The topic has been well rehearsed. The solution has not. First, the problem: Europe’s population is set to shrink over the next 50 ...
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News
Swiss pension funds see asset rise in third quarter
SWITZERLAND - Swiss pension funds, with 400 billion Swiss francs (258 billion euro) under management, reported a SFr 4bn rise in assets during the third quarter of 2003.
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News
Renaisssance plays down impact of arrest of Yukos chief
RUSSIA - The arrest of the head of Yukos, Russia’s largest oil company, will not slow the country’s move to a market economy, say Moscow investment analysts.
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News
CSAM aims to attract wary institutions to hedge funds
Credit Suisse Asset Management (CSAM) has become the latest global asset manager to move into the direct management of hedge funds.
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News
European pension reform could spur economic catch up with US - PWC
Pension reform in Euroland could spur on Europe’s economy, enabling it to catch up with the US within the next six years, says a report by consultants PricewaterhouseCooper (PwC).
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News
UK drafts legislation for fair asset split in scheme wind-ups
The UK government has issued draft regulations to ensure a fairer sharing of assets when a final salary pension scheme is wound up.
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News
UK pooled balance funds stay positive for second quarter running
UK pooled balanced funds have made positive returns for the second consecutive quarter, according to Russell/Mellon CAPS.
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News
Danish regulator under fire for pension stance
DENMARK – Denmark’s financial regulator has come under fire for forcing pension funds to sell shares and miss out on the current recovery in share prices.
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News
CAPS takes over Risk Reporting venture
UK - Russell/Mellon CAPS has taken full ownership of Risk Reporting, its joint venture with Barra.
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News
Swiss second-pillar revamp strains budget
SWIZERLAND - The cost of reorganising Switzerland’s second-pillar occupational pension schemes is threatening to break the country’s budgetary limits.
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News
DB closures could have ageism implications
UK - Fears that UK employers who close final salary schemes could fall foul of the EU’s anti age discrimination directive have led to calls on the UK government for clarification.
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Features
Pragmatic solutions
Companies in Luxembourg have, until recently, had little incentive to introduce supplementary pensions for their employees. The Grand Duchy has one the most generous state pensions in Europe, promising between 60% and 70% of final salary after 40 years’ contributions. This has meant that occupational pension plans in Luxembourg have ...
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Features
Questions of perspective
This month’s Off The Record considers two topics instead of the usual one. The first topic is the intention of some European governments to raise the statutory retirement age. In Germany the Rürup Commission has recommended raising the retirement age from 65 to 67, and there are similar proposals in ...
