Asset Managers – Page 196
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News
ONS to monitor signs of DC 'levelling down'
[15:00 CET 27-03] UK – The Office of National Statistics (ONS) intends to monitor changes in the average level of employee and employer contribution rates to contracted-in defined contribution (DC) schemes to see if there are signs of “levelling down” ahead of 2012.
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NBIM wants improvement in child labour policies
[14:00 CET 27-03] NORWAY – Norges Bank Investment Management (NBIM) has revealed an "overall low" level of compliance with its expectations on children's rights across four investment sectors.
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Powys seeks global equity replacement
[12:00 CET 27-03] UK – Powys Council is seeking a global equity manager to manage a £27m (€28.9m) mandate, while the Royal borough of Kensington and Chelsea (RBKC) is tendering an actuarial contract.
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PPM sees info as priority for new Swedish authority
[16:50 CET 26-03] SWEDEN – The development of a new pension authority to cover both the state pension and the Premium Pension savings will be a “golden opportunity to increase knowledge and interest on pensions”, the Premium Pension Authority (PPM) has claimed.
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News
ICTU calls off pension strike to enter talks
[16:40 CET 26-03] IRELAND – The Irish Congress of Trade Unions (ICTU) has called off next week's planned one-day national strike over pensions, and is returning to talks with the government over the development of an "integrated national response".
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Finnish pensions to fall as bank predicts 5% GDP drop
[16:55 CET 25-03] FINLAND – Suomen Pankki, the Bank of Finland, has warned economic recovery has been delayed until 2010 and the value of pension funds will fall, as the predicted 5% growth in real GDP between 2008-10 is now expected to be a 5% decline.
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IAPF warns gov't against pension tax cuts
[16”50 CET 25-03] IRELAND – The Irish Association of Pension Funds (IAPF) has warned the government against cutting tax relief on pensions to provide short-term financing, in a pre-emptory move ahead of the Irish supplementary budget in April.
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News
Andy Mack replaces Dilworth at MSIM Europe
[12:10 CET 25-03] EUROPE - Jim Dilworth has left his position as Europe head at Morgan Stanley Investment Management (MSIM) after just two years in the role, a spokeswoman has confirmed.
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News
Aon and Russell link for fudiciary management
[17:10 CET 24-03] EUROPE – Aon Consulting and multi-manager investment house Russell Investments are teaming up from July this year to deliver pension funds a full fiduciary management service.
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News
Northern Trust scales down MoM operations
[16:10 CET 24-03] GLOBAL – Northern Trust is closing its London-based manager-of-managers (MoM) research team and transferring the duties to its Stamford research team in the US.
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Lothian to revise investment strategy
[17:20 CET 20-03] UK – An investment review of the Lothian pension fund is recommending changes to its investment strategy including an 11-percentage point increase in alternatives.
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Icelandic pension funds under investigation
[17:20 CET 20-03] ICELAND – Iceland's special prosecutor is investigating five pension funds over claims they exceeded the investment limits laid down by law.
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ATP makes €300m foray into renewable energy
[17:05 CET 19-03] DENMARK – ATP Pension has invested $400m (€293.5m) in a global renewable energy fund which will target energy sources including solar and wind power.
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News
Fully-reinsured pensions face trouble - DNB
[17:00 CET 19-03] NETHERLANDS - Dozens of Dutch company pension funds who reinsured their assets and liabilities are now being challenged by market conditions and confronted with increased credit risks at their reinsurers, according to financial regulator DNB.
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News
Allianz notes decline in pension outsourcing
CZECH REPUBLIC – The crisis has led German companies to think less about outsourcing their pension arrangements, Gerhard Rupprecht, chairman of Allianz Germany, has claimed.
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News
Interest rate hedging pays off at Industriens
[16:45 CET 18-03] DENMARK – Industriens Pension generated a positive 4.4% gross return in 2008 by hedging all of its interest rate risk.
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Turkish insurer to unveil pensions offering in H2
TURKEY - Deniz Emeklilik ve Hayat, the life insurance and private pensions operation of Turkey’s Denizbank, is planning to enter the Turkish pensions market and launch is set for July this year.
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News
Finnish local gov't scheme loses €4.3bn
[17:20 CET 17-03] FINLAND – The Local Government Pensions Institution (Keva) reported a negative net investment return of -20.6% in 2008 as the value of its assets fell to €20bn.
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News
Islington splits global equity mandate
[17:10 CET 17-03] UK – The London Borough of Islington has split a global equity contract valued at up to £250m (€275m) between two managers.
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News
Market volatility 'unlikely to drive buyouts'
[17:05 CET 17-03] UK – Market volatility has prompted 44% of trustees to consider transferring pension scheme risk, but consultants have warned timing is “key” so it is unlikely this will transfer into business for the bulk annuity market this year.
