All articles by George Coats – Page 12
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Features
Belgians seek level playing field
The body advising Belgian minister Bruno Tobback on pensions issues is to consider a legal formula to create a level playing field between new sector-wide pension funds being established under the socalled Vandenbroucke Law (VDB) and pension insurance companies. In the formative period the new pension funds are not legal ...
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News
Pension systems ‘to have macroeconomic impact’
NETHERLANDS – Pension systems will have an increasing macroeconomic impact and population ageing will affect capital markets, the Netspar Pension Workshop was told recently.
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Akzo Nobel may outsource €4bn pension assets
NETHERLANDS – Dutch healthcare, coatings and chemicals group Akzo Nobel is understood to be looking to outsource its pension responsibilities in a Philips-style deal.
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News
Handbook flags directive’s impact on hedge funds
IRELAND – The European savings directive on the funds industry will have an impact on Hedge funds and hedge fund of funds, according to a handbook from Dublin- and London-based funds consultancy Carne Global Financial Services.
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Belgium eyes new legal formula for pensions
BELGIUM - The body advising Belgian minister Bruno Tobback on pensions issues is to consider a legal formula to create a level playing filed between new sector-wide pension funds being established under the so-called Vandenbroucke Law and pension insurance companies.
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Features
Chickens come home to roost
In late 1993 the Croatian government instituted an economic stabilisation programme that was extraordinarily successful in curbing hyperinflation. But it led indirectly to the creation of a pension debt that delayed the introduction of a second and third pillar and more than a decade later threatens the country’s fiscal stability ...
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PensionDanmark to build apartments for rent
DENMARK - Danish industry-wide pension fund PensionDanmark is moving into residential property with a three-year programme to build apartments in three areas of Copenhagen.
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News
Croatian pension funds regret regulator merger
CROATIA - Croatia is to merge three of its four financial institution regulators in a move that is unpopular with the pensions industry.
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News
Industry uncertainty over UK election outcome
UK -- The pensions and investment industry response to the outcome of the UK general election was one of no surprise at a re-elected Labour government with a sharply reduced parliamentary majority.
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News
Mercer predicts biggest manager search rise in Europe
GLOBAL – Canada and continental Europe are the areas that will see the most investment manager search activity in the period ahead, according to Mercer Investment Consulting.
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News
Aon report highlights UK pension savings crisis
UK -- UK employees must come to accept that they will have either to work longer or save more to fund their retirement, according to new research from Aon Consulting.
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Features
Search for consensus
Norway’s parliament hopes to reach a consensus on the main principles of a reform of the pension system by 19 May. The discussions follow the release of a government white paper in December which was based on the findings of a commission chaired by former finance minister Sigbjørn Johnsen that ...
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Features
The 'undramatising' chairman
Sigbjørn Johnsen says that when he was approached to head a commission intended to coax a consensus on pension reform from Norway’s political parties he saw it as “quite a challenge”, sidestepping phrases like ‘poison chalice’ and ‘herding cats’. “During the 1990s there had been a number of reports on ...
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News
Pension reform hit as Czech PM resigns
CZECH REPUBLIC – The resignation today of Czech Prime Minister Stanislav Gross appears to have delivered a deathblow to attempts to accomplish pension reform before next year’s general election.
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Features
Stalemate in Prague
The works of Czech 20th century literary giants Franz Kafka, Good Soldier Svejk author Jaroslav Hasek and Vaclav Havel come to mind as one watches the country grapple with the question of pension reform. While the Czech Republic emerged from its kafkaesque period with the fall of the Berlin Wall ...
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News
Czech party includes ING ideas in reform plan
CZECH REPUBLIC -- A party in the Czech coalition government has incorporated elements of a controversial proposal from Dutch financial group ING into its policy for a reform of the Czech pensions system.
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News
IAPF chairman Ryan leaves Eircom
IRELAND - Gerry Ryan, the chairman of the Irish Association of Pension Funds, has left his position as pension fund administrator at Dublin-based corporate pension fund Eircom.
