All articles by David White – Page 28
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News
European pensions mixed response to CalPERS move
EUROPE -The move by CalPERS, the US’s biggest pension fund, to pull out of four emerging markets on ethical grounds has met with a mixed response from European pensions funds.
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News
EU- Spain pushes quantitative investment rules
EU- The Spanish presidency of the European Union is leading a move to persuade the European Council to include quantitative investment rules – the so called prudent man plus principle – in the proposed pensions directive.
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News
BVG recommends 4% Swiss guarantee be relaxed
SWITZERLAND- The minimum rate of return which Swiss mandatory supplementary pension schemes are obliged to guarantee to plan members may soon be relaxed.
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News
IASB to amend pension standard IAS 19
GLOBAL - The International Accounting Standards Board (IASB) is planning to amend the pensions standard, IAS 19.
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News
Nussbaum says Swiss funds need performance ratings
SWITZERLAND- Switzerland’s multi-employer pension companies, which manage the bulk the country’s mandatory occupational schemes, should be rated by their performance, say pensions experts.
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News
Moves to curb police ‘medical retirements’
UK-The government has moved to reduce the incidence of early retirement though ill-health in UK police forces as part of its programme of police reform.
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News
BBH to lend securities for three US managers
US- BBH Securities Lending, the securities lending arm of US global custodian Brown Brothers Harriman, is providing lending services to three US asset management companies.
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Features
Crossing the boundaries
The European market for pension fund consultants is effectively two markets - a mature and an immature market. In UK the Netherlands and Ireland, where their role is well understood, consultants are firmly entrenched. Elsewhere in continental Europe, however, consultants are far less established. This has created opportunities for continental ...
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Features
What we have we hold
One of the side effects of the events of 11 September has been a flight from equities to cash by European institutional investors. Cash still represents the safest haven for funds in times of market uncertainty and, if managed actively, can produce modest but useful returns. Investors have moved assets ...
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Features
Grappling with liability overhang
The current reform of Germany’s pension system has signalled a change in attitude to liabilities. The belief that assets can always match liabilities was summed up in the complacent government catchphrase “your pension is safe”. This certainty has been replaced by a growing sense that liabilities have grown too large ...
