All IPE articles in August 2008 (Online) – Page 3
-
NewsCambridgeshire signs CAAM to equity portfolio
[16:00 CEST 21-08] UK – Cambridgeshire County Council has edged one step closed to completing the reallocation of its pension fund’s equity portfolio and appointed Crédit Agricole Asset Management (CAAM) to manage a £160m European equities mandate.
-
NewsAlbania's second pillar is as good as ready
[15:30 CEST 21-08] ALBANIA – There is a political consensus in Albania from its two major parties to introduce a mandatory second pillar pension – but experts say it will have to wait until after the elections in autumn 2009.
-
NewsOptimum allocation for civil servants’ pensions revealed
[15:15 CEST 21-08] GERMANY – A study into civil servant pension funds for German provinces has found the ideal asset allocation is 22% equities, 47% bonds and 30% real estate.
-
NewsEläke-Fennia reports first half fall
[13:30 CEST 21-08] FINLAND – The €5.8bn Eläke-Fennia Mutual Insurance Company saw the value of its investments reduce by €285.2m in the first half of 2008 as it reported a net negative investment return of -4.6%.
-
NewsRobeco Corestone combo wins first mandate
[13:00 CEST 21-08] NETHERLANDS – The €90m Dutch corporate pension fund of GITP International has tapped Dutch financial group Robeco and its Swiss arm Corestone as its new fiduciary manager, IPE has learnt.
-
NewsCluster bombs force ethical change at Danica
[12:30 CEST 21-08] DENMARK – Danica Pension, the DKK241bn (€32.3bn) pensions arm of Danske Bank, is planning to roll out a new ethical investment policy from the end of next month, IPE has learnt.
-
NewsNorway warned to show 'fiscal restraint' over oil fund
[17:10 CEST 20-08] NORWAY – Norway has been warned to exercise "some kind of fiscal restraint" in the short-term use of oil revenues if it is to limit rising inflation and reduce the predicted "financing gap" caused by increased pensions and an ageing population.
-
NewsDemands on rating agencies 'to hit pension funds'
[17:00 CEST 20-08] GLOBAL - Aon Consulting has alleged proposed regulatory demands on rating agencies could severely raise the risk of a large number of downgradings and impact pension funds as a result.
-
.gif)
NewsPension bodies propose new indexation label
[16:50 CEST 20-08] NETHERLANDS – Pension fund representative bodies have presented a new design to social affairs’ minister Piet Hein Donner which they hope will replace the controversial design for the Netherlands’ planned indexation label.
-
NewsBBC's DB scheme to increase alternatives
[16:50 CEST 20-08] UK – Trustees of the £8.1bn (€10.2bn) BBC Pension Scheme have revealed they are looking at increasing commitments to alternative assets, following new allocations into debt, currency and private equity funds in 2007.
-
.jpg)
NewsCzech pension funds' profits halve
CZECH REPUBLIC – Pension funds in the Czech Republic saw their profits halve in the first six months of the year following the negative developments on the capital markets.
-
NewsPGGM taps into CLO market
[16:25 CEST 20-08] GLOBAL – PGGM, the asset manager to the Netherlands healthcare pension fund PFZW, has extended its structured credit investment strategy and signed to a $2.5bn (€3.2bn) trade finance agreement with Standard Chartered Bank (SCB) on some of its loans business.
-
NewsWednesday people roundup
[15:45 CEST 20-08] People roundup: GLOBAL – SPP, Governance for Owners, DNB, Invesco Perpetual, ABI, RCM, CFA Institute, Xafinity Consulting.
-
NewsNILGOSC adopts unconstrained equity mandates
[16:50 CEST 19-08] UK – The Northern Ireland Local Government Officers Superannuation Committee (NILGOSC) has awarded four new unconstrained equity mandates, which includes the appointment of two new managers.
-
NewsIlmarinen loses €1.7bn in H1
[16:45 CEST 19-08] FINLAND – The €25.7bn Ilmarinen Mutual Insurance Pension Company reported a negative return on investments of -4.9% in the first half of 2008.
-
NewsWork pension valued most by old and rich - WW
[16:00 CEST 19-08] GERMANY – The more German employees earn and the closer they get to retirement the more they value supplementary pension arrangements at their workplace, Watson Wyatt Heissmann has discovered.
-
NewsScandinavian investor seeks Asian equity manager
[15:45 CEST 19-08] SCANDINAVIA – A Scandinavian institutional investor is conducting a manager search for a $70m (€48m) Asian equity mandate, using IPE Quest.
-
NewsValue transfer communication needs improving - AFM
NETHERLANDS - The Dutch Financial Markets Authority (AFM) has warned pension providers need to improve their communications to individuals about pension participants’ rights when they move jobs.
-
NewsStorfjord seeks provider for state scheme
[12:00 CEST 19-08] NORWAY – Storfjord kommune is seeking a pension provider to run the state occupational pension fund for the municipality.
-
NewsTrustees must 'vet' buyout firms on future reliability
[11:00 CEST 19-08] UK – Trustees and scheme sponsors need to set clear objectives and conduct "thorough due diligence" on buyout firms when looking to reduce pension risk to avoid "costly errors", Mercer has warned.
