All articles by IPE staff – Page 37

  • Features

    Belgian metal fund up and running

    December 2002 (Magazine)

  • Features

    Belgacom takes development to the next stage

    December 2002 (Magazine)

    Belgacom, the largest pension fund in Belgium, had e3.3bn in pension assets at the end of 2002. Structured as a DB fund for 31,621 employees, it promises its members 75% of final salary with benefits linked to inflation. The benefits covered include social security pensions, a special early retirement programme ...

  • Features

    For Belgacom governance is key

    December 2002 (Magazine)

    Belgacom, the largest pension fund in Belgium, is structured as a DB fund for 31,621 employees, it promises its members 75% of final salary with benefits linked to inflation. The benefits covered under the scheme include social security pensions, a special early retirement programme (PTS), disability pension, and, from the ...

  • Features

    Being a second-time winner underpins the success of strategy

    December 2002 (Magazine)

    Fonditel continues to be one of Spain’s strongest pension gestoras, winning for the second year, an IPE Award for the investment strategy of one of its pension funds – Fonditel B. This covers pension provision for employees of 25 companies affiliated to the Telefónica group. Fonditel B has assets under ...

  • Features

    Focus on IT developments has been key part of strategy

    December 2002 (Magazine)

    AP7 has won an IPE Country Award for fund structure and administration in Sweden. The AP7 national fund is the default fund of the Swedish PPM system set up two years ago. Since then, the developments within the PPM system and the AP7 fund itself have been closely followed by ...

  • Features

    Bank of Ireland's 'mission statement'

    December 2002 (Magazine)

    The €2.85bn Bank of Ireland Staff Pensions Fund (BSPF) is the main fund for the Bank of Ireland Group, covering 75% of the employees of the Bank of Ireland Group. Its 13,500 members, of which just under 10,000 are active members, include employees in the Republic of Ireland and the ...

  • Features

    Wider exposure will come as result of awards wins

    December 2002 (Magazine)

    Belgacom is a very well-organised fund, the judges comment. This is not too surprising a view, since the fund to its delight has won both investment strategy and fund administration awards in this year’s roll of honour. Now the Brussel-based pension fund is keen to find out what set it ...

  • Features

    Award demonstrates that fund has 'got it right'

    December 2002 (Magazine)

    Though the judges awarded the IPE investment strategy prize for Denmark to Industriens Pension because of its clever outsourcing of asset management, the deliberate balance between internal and external managers and its use of new asset classes, Jan Oestergaard, the head of investments at the Copenhagen based fund, feels that ...

  • Features

    Successful overhaul of fund's structure garners Award

    December 2002 (Magazine)

    What the judges said: “Since 2001 PBU has made a giant leap forward which now allows it to be ambitious and search for best practice in all aspects of running a pension fund. Here is a winner.” When the news broke at Denmark’s fledgling PBU pension fund that it had ...

  • Features

    Award provides opportunity to present unique concept

    December 2002 (Magazine)

    Metallrente, the recently established sector-wide supplementary pensions provider for the German metal workers and related industries, believes winning the IPE country award for Germany is a sound acknowledgement that it came up with the perfect concept and structure within the country’s new pensions landscape. “Winning the IPE award gives us ...

  • Features

    Award provides opportunity to spread message to others

    December 2002 (Magazine)

    What the judges said: “Pens Plan is a pension fund which deserves very high scores both for Investment Strategy and Fund Structure & Administration.” Winning an IPE award does not come as a surprise to PensPlan, which last year seized Italy’s investment strategy award, but for 2002, the Italian scheme ...

  • Features

    Award underpins role of providing quality retirement

    December 2002 (Magazine)

    One of the commendations that PGGM received from the judges was on its move to provide a defined contribution product PGGM Extra Pension(PEP) alongside its main defined benefit scheme. “Greater individualisation and flexibility are not in conflict with solidarity.” The move was seen as an innovative step. At the fund ...

  • Features

    Award provides a 'peer group benchmark' for the fund

    December 2002 (Magazine)

    What the judges said: “Clearly structured and informative website which also answers most FAQs.” One of the key benefits of winning an IPE Award for the Zurich-based Beamtenversicherungskasse, the Civil Servants Insurance Fund (CSIF), is the international and domestic exposure it brings. “In Switzerland the employer decides whether an independent ...

  • Features

    Siemens tracks assets globally

    December 2002 (Magazine)

    Siemens employs around 450,000 people worldwide and in the US is the biggest foreign employer with some 80,000 employees. The group’s pensions liabilities, including Germany, amount to some €18.5bn. At the end of September 2002, to coincide with the end of the group’s financial year, the Siemens group treasury department ...

  • Features

    APK puts theory into practice

    December 2002 (Magazine)

    APK is one of Austria’s largest pension funds with roughly (E1.5bn) is assets under management. The beginning of the year 2000 marked the turning point in the thinking of many institutional investors. Therefore, as a result of the events in 2000, APK reviewed its investment decision-making process and developed an ...

  • Features

    Boots shows another way

    December 2002 (Magazine)

    The Boots pension scheme is one of the 50 largest UK pension funds, with 72,000 members and £2.3bn of assets (e3.75bn). A move last year to invest 100% of the fund’s assets in long dated bonds, however, made it one of the country’s, if not the continent’s, most talked about ...

  • Features

    OGPF increases alternatives weighting

    December 2002 (Magazine)

    Osuuspankkien eläkekassa is the pension institution responsible for the TEL pension guarantee (obligatory second pillar) of the employees of OKO Bank Group. At the end of 2001 the pension fund comprised of 355 employers, with a total of 9,229 employees on a TEL contract. The investment operations of the pension ...

  • Features

    Wiinning shows importance of different allocations

    December 2002 (Magazine)

    What the judges said: “We were particularly impressed by the clarity of LPFA’s submission and by the fact that their investment strategy has not been set in light of recent trends but was established a number of years ago pre “Myners”. Amanda Walker, head of finance and investment says the ...

  • Features

    CSIF aims for benefit transparency

    December 2002 (Magazine)

    The Canton of Zurich Civil Service Insurance Fund (CSIF), prides itself on the clear and accessible way in which it communicates with its members. “The broad information, the transparency and efficiency of the insurance and investment services over the last few years make us believe that the CSIF belongs to ...

  • Features

    Aiming to do the best the fund can has paid dividends

    December 2002 (Magazine)

    The hand of Myners is seen at work in the Diageo fund, according to at least one judge. “Paul Myners’ best disciple – right down to a clear 5% commitment to venture capital – this might be the shortest summary.” Graeme Robertson, UK pensions director at Diageo, expresses his satisfaction ...