All IPE articles in August 2007 (Online) – Page 2

News
Market gains could reduce cash funding

2007-08-03T15:00:00Z

[16:00 CEST 03-08] UK – Financial directors are being advised to review their funding deficits as improved market conditions may have reduced the level of contributions now required.
News
Tower Hamlets tenders currency

2007-08-06T12:00:00Z

[13:00 CEST 06-08] UK – The £640m (€944m) London Borough of Tower Hamlets Pension Fund is looking to appoint one or more managers for a specialist currency mandate of between £100m and £500m.
News
One in five chose pension fund for TFR

2007-08-06T12:30:00Z

[13:30 CEST 06-08] ITALY – Eight out of 10 Italian workers have explicitly made a choice on where to put their severance pay (trattamente di fine rapporto, TFR) while only 10-15% used the 'silent assent' clause, figures released by the labour ministry reveal.
News
PRSAs jump the €1bn hurdle

2007-08-06T13:00:00Z

[14:00 CEST 06-08] IRELAND – Assets held in Irish Personal Retirement Savings Accounts (PRSAs) have now crossed the £1bn mark, according to the latest figures from the Pensions Board.
News
Fortis steps closer to annex ABN’s asset management

2007-08-06T14:00:00Z

[15:00 CEST 06-08] BELGIUM/THE NETHERLANDS – Belgian-Dutch financial services group Fortis has won initial shareholder support today for its part of a three-bank bid to buy the beleaguered Dutch bank ABN AMRO.
News
F&C stems net outflows to £1.6bn

2007-08-06T14:30:00Z

[15:30 CEST 06-08] EUROPE – A 24% rise in inflows helped F&C Asset Management reduce a £3.3bn (€4.9bn) outflow of institutional money in the first six months to £1.6bn.
News
Rürup urges MPs to cut their pensions

2007-08-06T15:00:00Z

[16:00 CEST 06-08] GERMANY – Professor Bert Rürup, a leading pension expert and government economic adviser, has urged German MPs to cut their pensions to show solidarity with working Germans whose pensions are already being reduced.
News
Swiss multi-employer scheme loses CEO and CFO

2007-08-06T15:30:00Z

[16:30 CEST 06-08] SWITZERLAND – Pension Fund Services (PFS), a multi-employer scheme that has been in existence since 2001, has lost its chief executive officer and chief financial officer.
News
Robeco beats F&C to 130/30 Europe

2007-08-07T10:00:00Z

[11:00 CEST 07-08] NETHERLANDS - Robeco is launching a ‘short-extension’ European equities fund which promises a “high return” by making extended use of derivatives.
News
US sub-prime crisis prompts fund closures in Germany

2007-08-07T13:00:00Z

[14:00 CEST 07-08] GERMANY – Shockwaves from the US sub-prime loan crisis have hit Germany and prompted three providers of asset-backed securities (ABS) to temporarily close their funds.
News
Equities and alternatives boost Varma returns

2007-08-07T13:30:00Z

[14:30 CEST 07-08] FINLAND – The largest Finish pension insurer Varma has posted a 6% return on investments for the first half of this year.
News
Assumed solvency improves on market gains

2007-08-07T14:00:00Z

[15:00 CEST 07-08] EUROPE - Pension fund solvency significantly improved in the first six months of this year in three European countries but may now have been hit by market losses, suggests research from Lehman Brothers.
News
Bulgaria to increase pensions

2007-08-07T15:00:00Z

[16:00 CEST 07-08] BULGARIA – The three parties making up Bulgaria’s coalition government have agreed a 10% increase in state old age pension payments from October.
News
Dutch funds unconvinced by 'unfavourable' Fortis bid

2007-08-07T15:30:00Z

[16:30 CEST 07-08] NETHERLANDS – A group of six Dutch pension fund-heavyweights yesterday voted against and displayed harsh criticism of Belgian-Dutch financials group, Fortis’ proposal for the potential ABN Amro takeover.
News
Irish finances lifted by NPRF in 2006

2007-08-07T16:00:00Z

[17:00 CEST 07-08] IRELAND – Strong gains for the National Pensions Reserve Fund (NPRF) and an eventual budget surplus meant Irish state finances were better off by €7bn more than expected last year, the National Treasury Management Agency (NTMA) has suggested.
News
Wednesday people roundup

2007-08-08T12:15:00Z

[13:15 CEST 08-08] GLOBAL – CSAM, Morgan Stanley, Hewitt, KPMG, Janus Capital, ITS, RLAM, AIMA, HSBC, BGI.
News
Pension surplus under threat from equities - LCP

2007-08-08T13:00:00Z

[14:00 CEST 08-08] UK – Companies whose pension schemes remain heavily invested in equities should reconsider they are in a vulnerable position, argues Bob Scott, partner at Lane Clark & Peacock (LCP).
News
DWS/DeAM outclasses arch-rival AGI’s inflows

2007-08-08T14:00:00Z

15:00 CEST 08-08] GERMANY – Deutsche Bank’s DWS/DeAM took in three times more assets in Germany than Allianz Global Investors (AGI) during the first half of this year, according to statistics.
News
S&P takes indexing to a new frontier

2007-08-08T15:30:00Z

[16:30 CEST 08-08] GLOBAL – Standard & Poor’s, the ratings agency, is attempting to plug a gap in the extreme emerging markets index space with the launch of a benchmark covering “frontier market” companies based in countries such as Zimbabwe and Kazakhstan.
News
European investors sought money safety in Q1

2007-08-08T15:50:00Z

[15:50 CEST 08-08] GLOBAL – Assets held by investment funds grew to over €17trn in the first quarter of this year but figures presented by European trade association EFAMA suggest European investors may have played safe when shifting assets from equities in the March downturn.