Europe - an ageing continent
Article Abstract:
Europe's aging population makes it imperative for pension systems to find ways to finance themselves as more people reach retirement age. Countries that have started to reform their pension systems include the UK, Germany and Italy. The UK has cut back the effective benefit level while maintaining the basic pension's purchasing power while Germany is raising the cut-off age at which pensions can be taken. Aside from raising pension ages, Italy has withdrawn seniority retirement entitlements and is veering away from a social security scheme to a defined contribution scheme.
Publication Name: Benefits & Compensation International
Subject: Human resources and labor relations
ISSN: 0268-764X
Year: 1996
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Greenfield sites: the pensions challenge
Article Abstract:
Many countries still do not require companies to establish pension plans for their employees, posing problems for benefits managers. Although larger multinationals may find it relatively easy to adopt a pension system for local employees, most of the smaller ones have to tailor their pension plans according to local conditions since they often do not enjoy the strong centralized control and global benefits philosophy of their larger counterparts.
Publication Name: Benefits & Compensation International
Subject: Human resources and labor relations
ISSN: 0268-764X
Year: 1996
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Current investment practices - trends and developments in the United States
Article Abstract:
US pension fund asset management practices are highly-specialized and they normally involve a variety of factors, including input from plan sponsors, consultants and asset managers. In contrast to the UK where single managers handle all the fund management responsibilities with minimal direction, the multi-manager portfolio is the norm in the US. A brief overview of the differences in the two systems is presented.
Publication Name: Benefits & Compensation International
Subject: Human resources and labor relations
ISSN: 0268-764X
Year: 1995
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