All articles by Fennell Betson – Page 35
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Features
Colossus of public pension finances
French giant CDC looks after the retirement arrangements of over 5m public sector workers. Fennell Betson meets the man in charge
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Features
What the Belgian doctor ordered
In three years, the pension scheme for Belgian doctors and dentists has been transformed, writes Fennell Betson. No one said it was going to be easyWhen the pension scheme for doctors and related professions in Belgium switched from a pay-as-you-go to a funded basis, it broke moulds. Brussels-based Caisse de ...
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Features
Slow shift to real assets
The latest William M Mercer survey of the European pensions market confirms that the grip of the bond culture is still the dominant force, writes Fennell BetsonThe assets of the pensions market in Europe are now around $2.8 trillion, according to the 1997 review issued by the investment consulting practice ...
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Features
Luxembourg to launch 'European pension fund'
The wraps were taken off the European pension fund made in Luxembourg last month by Lucien Thiel of the Luxembourg Bankers’ Association.The fund would be designed for European companies that want to have “a single pension scheme with common rules for all their employees in different EMU member states” said ...
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Hermes descends from the heights
Alastair Ross Goobey explains how the UK’s biggest pension fund will grow its investment services on the back of the defined contribution market. Fennell Betson reportsHermes is on the cusp of a momentous next stage in its development. As the UK’s largest pension fund, it is about to take the ...
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Features
System comes under strain
A number of reports over the past year have lifted the lid off the simmering pot of pensions discontent within corporate Japan. The picture is one of a system in deep crisis and widespread fears that things will get worse. Late last year 71 corporate pensions plans issued a report ...
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Features
BMW puts car at the core
BMW (GB), UK subsidiary of the giant German carmaker, took a novel aproach to restructuring its employee benefit programme, making full use of the company’s renowned product. There was a time when every employee in the company could be placed by the model of car they drove. Thanks to BMW’s ...
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Features
Australia: Correction fears keep eyes on US markets
The recent run of the Australian equity market has pensions managers there guessing as much as outsiders. John Cann national manager remuneration and superannuation at Ansett Australia, based in Sydney, says: We don’t anticipate the Australian market is going to continue to be as strong as it has been in ...
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Features
Moving on to a wider stage
The success of foreign fund managers in last year’s Belgacom outsourcing may force the locals to look to their laurels, writes Fennell Betson
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International competition puts focus on pension costs
Global competition made maximising long-term investment returns on pensions assets a key priority for multinational employers, according to Gert van Bezooyen, head of corporate pensions at Philips International in Eindhoven. “Excellent performance is what we are looking for as we approach the 21st century, taking into account the global competitive ...
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USA: Looking to the long term come what may
If you were a US pension manager faced with the rise and rise of the US market, what would your domestic equity strategy be? Three plan sponsors have come up with responses that are surprisingly uniform despite their contrasting styles. The giant $105bn CALPERS has 80% of its $43bn US ...
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Features
The king of the cash mountain
Siemens feel they have reached the end of the line with the book reserve system. Herbert Lohneiss tells Fennell Betson why he is not satisfied. At Siemens, they reckon they have gone as far as they can to funding the group’s enormous pensions provisions under the book reserve system. But ...
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Features
Stormy waters ahead
The rule of modern life that the big get bigger is certainly being borne out in the field of the international consultants. No sooner has Watson Wyatt created its mega-firm, than Aon moves to absorb Alexander & Alexander, which will have international ramifications, and Mellon to acquire Buck Consultants. The ...
