All IPE articles in April 2009 (Online) – Page 4
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NewsPublica loses another 1.43%
[16:35 CEST 21-04] SWITZERLAND – The Swiss Pensionskasse for civil servants Publica returned -1.43% in the first three months of this year.
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NewsSHPS to review benefits in light of valuation
[16:20 CEST 21-04] UK – The Social Housing Pension Scheme (SHPS) is to consult with members about possible new benefit options and contribution rates later this year as it expects the actuarial valuation will reveal increased costs.
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NewsIBOA members reject AIB pension plans
[16:15 CEST 21-04] IRELAND – Negotiations between AIB Group and the Irish Banking Officials Association (IBOA) are being referred to the Labour Relations Commission (LRC) after members voted to reject the bank's proposals on pay and pensions.
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NewsPGGM secures fresh pension fund mandate
[16:10 CEST 21-04] NETHERLANDS – The €300m pension fund for the Dutch private security industry has awarded PGGM an external mandate to manage the entire pension fund.
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NewsABP is alive with the Sound of Musicals
[16:00 CEST 21-04] NETHERLANDS - Imagem Music Group, the music publishing investment fund of ABP, has extended its back catalogue and acquired the rights to the songs and musicals written by Rodgers & Hammerstein, including Oklahoma, South Pacific and The Sound of Music.
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NewsEC to regulate alternatives managers worth over €250m
[14:00 CEST 21-04] EUROPE - Managers of hedge funds, private equity and real estate funds would escape regulation under a proposed European Commission directive targeting alternative investment fund managers, if their assets under management total less than €250m.
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NewsNorway Global sees value increase in March
[17:15 CEST 20-04] NORWAY – The Norwegian Government Pension Fund – Global increased in value to NOK 2.08trn (€236.4bn) in March, following two consecutive months of decline.
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NewsTPR urges vigilance on fraud and 'unacceptable behaviour'
[17:15 CEST 20-04] UK – The Pensions Regulator (TPR) has highlighted the importance of good governance in the economic downturn as schemes may be more vulnerable to "certain actions which give us cause for concern" such as fraud and inappropriate transfers.
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NewsUK gov't warned against cutting pension tax relief
[17:10 CEST 20-04] UK – Pensions industry experts have the UK government not to abolish higher rate tax relief on pension contributions as such a move would not be straightforward to introduce and could undermine confidence in pensions, leading to a general levelling-down of provision.
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NewsSIPTU threatens strikes in call for new pension system
[16:50 CEST 20-04] IRELAND – SIPTU, the Services, Industrial, Professional and Technical Union, has warned discussions with the government on a national recovery plan will need to address the issue of workers in occupational schemes losing their pension through company insolvency, or any lack of agreement could lead to fresh ...
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NewsUkraine to receive second IMF instalment after reforms
UKRAINE – A mission from the International Monetary Fund (IMF) confirmed it has recommended the second tranche of a loan should be paid to Ukraine following the implementation of budget reforms which include the balancing of the state pension fund.
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NewsPMA recovery to alter asset allocation
[16:40 CEST 20-04] NETHERLANDS - The €889m pension fund for pharmacies’ staff PMA expects to recover from its reserve shortfall within 15 years by adjusting its yearly indexation and changing its asset allocation strategy.
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NewsProperty and infra to see investment resurgence - study
[16:30 CEST 20-04] GLOBAL – A study of pension funds and institutional investors suggests funds will increase their listed and private equity holdings this year, but the asset classes of most interest for future years are likely to be property, infrastructure and hedge funds of funds.
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NewsEureko and Poland to enter 'secret' talks
POLAND – Dutch insurer Eureko and the Polish Treasury have signed a new memorandum to bring about a new round of negotiations concerning the insurer's shareholding in pension firm PZU.
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NewsMEP's pension faces reforms to cut deficit
[17:15 CEST 17-04] EUROPE – Members of the ABSL voluntary pension fund for Members of the European Parliament (MEPs) have been told they will have to retire later, as part of a number of reforms aimed at reducing the growing pension deficit.
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NewsSwedish pension firms underestimate life expectancy
[16:50 CEST 17-04] SWEDEN – An annual review of the technical provisions of 17 pension and life insurers by pensions regulator Finansinspektionen (FI) has revealed they suffered a deficit of more than SEK 17bn (€1.55bn) at their peak, although SEK15bn of this had been recouped by the end of 2008.
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NewsIASS has €628m deficit - SIPTU
[16:25 CEST 17-04] IRELAND – An estimated 40% fall in the value of its top equity holdings has caused the funding level of the Irish Airlines (General Employees) Superannuation Scheme (IASS) to move from a €79m surplus to a €628m deficit, a trade union has claimed.
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NewsAsian equities eyed via external manager
[16:15 CEST 17-04] IPE-QUEST – A Swiss investor is conducting an initial manager screening for a potential $100m (€76m) large-caps Asia (ex Japan) equity mandate, using IPE-Quest.
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NewsTNO recovery requires no major change
[16:10 CEST 17-04] NETHERLANDS - The €1.8bn pension fund of TNO expects to recover from its cover shortfall by raising its contributions and refraining from paying indexation.
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NewsIndustriens diversifies to tap high-yielding dividends
[16:00 CEST 17-04] DENMARK – Industriens Pension, the €8.3bn pension fund, has diversified its equity holdings a fraction to tap potential opportunities linked to dividend income.
