Swedish Pension Foundations Take Off
Interest in pension foundations is growing rapidly in Sweden. Several household name companies have recently set up such funds, and many more are considering this move. This comes against the background of a rapidly developing pensions market in Sweden.
Newsbriefs
Tax problem for New Zealand residents in Australia
New Zealand’s Foreign Investment Funds (FIF) legislation states that the ‘growth’ in the superannuation benefit of a New Zealand (NZ) resident in an Australian superannuation plan will form part of the person’s taxable income in NZ each year. ‘Growth’ means the increase in benefit that is not caused by contributions. For an accumulation fund therefore, the ‘growth’ is the investment return.
Don’t forget... 10 December 1998
There has been considerable interest in recent plans to pave the way for employers to establish a pan-European pension plan through test cases in the European Court of Justice. Insurers are also considering ways in which they might be able to offer a single pan-European policy of the future. Even without new legislation and pan-European products, there are plenty of opportunities for an employer to arrange occupational pensions across Europe in a financially efficient way.
The Global 50 Remuneration Planning Report
The report is now in its third year of publication and provides an overview of compensation and benefits information on the diverse range of systems and practices worldwide. It is designed to generate a consistent global benchmark to make cross-country comparison easier than ever before.
Big Cost Increases For Pension Plans Are you prepared?
Companies which apply market based accounting methods for pension and related liabilities may face a significant increase in pension costs in 1999 as a result of the significant fall in bond yields over 1998. This is likely to affect all companies which adopt the new international accounting standard IAS19, or apply the US accounting standard FAS87.
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