Pension fund: Difference between revisions
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a counterparty fraught with all sorts of complexity, fear, loathing etc, because it is looking after the retirement funds of grandmas and granddads around the world. This means that Pension Funds, and in particular their regulators, have the power to terrify Bank counterparties at the | a counterparty fraught with all sorts of complexity, fear, loathing etc, because it is looking after the retirement funds of grandmas and granddads around the world. This means that Pension Funds, and in particular their regulators, have the power to terrify Bank counterparties at the mere crinkling of a brow. | ||
*In the UK, the [[Pension Protection Fund]] can induce minor infarctions, and there is even a {{isdaprov|PPF Event}} {{isdaprov|Additional Termination Event}} to cater for it. | *In the UK, the [[Pension Protection Fund]] can induce minor infarctions, and there is even a {{isdaprov|PPF Event}} {{isdaprov|Additional Termination Event}} to cater for it. | ||
*In the US, the {{isdaprov|ERISA}} legislation is the key source of agitation,and there are screeds and screed of {{isdaprov|ERISA Reps}} of all different shapes and sizes. | *In the US, the {{isdaprov|ERISA}} legislation is the key source of agitation,and there are screeds and screed of {{isdaprov|ERISA Reps}} of all different shapes and sizes. | ||
Revision as of 15:39, 21 June 2016
a counterparty fraught with all sorts of complexity, fear, loathing etc, because it is looking after the retirement funds of grandmas and granddads around the world. This means that Pension Funds, and in particular their regulators, have the power to terrify Bank counterparties at the mere crinkling of a brow.
- In the UK, the Pension Protection Fund can induce minor infarctions, and there is even a PPF Event Additional Termination Event to cater for it.
- In the US, the ERISA legislation is the key source of agitation,and there are screeds and screed of ERISA Reps of all different shapes and sizes.