GLOBAL - Differences in national regulations are creating an unlevel performance playing field for direct benefit (DB) pension schemes according to a new survey by Allianz Global Investors.
The study, which called for globally harmonised regulations, revealed that across OECD countries, varying legislation directly impacted portfolio allocation preventing uniform investment strategies in like-for-like schemes.
Employer contributions were also reported to be higher as a result of regulations forcing schemes into sub-optimal portfolios.
Risklab germany GmbH Managing Director Dr. Gerhard Scheuenstuhl, commented: “Importantly, regulatory restrictions can deny employers access to the optimal active liability driven investment strategies they need to help manage their pension liabilities efficiently.”
AllianzGI Head of Pensions International, Brigitte Miksa, explained the reasons behind the report: “This study set out to discover the facts and framework conditions our clients need to make informed choices, so that their pension arrangements are affordable and meet their corporate goals.”
Risklab germany GmbH worked on the AllianzGI commissioned survey with the OECD.
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