All IPE articles in August 2008 (Online) – Page 5
-
News
Sources confirm Tesco/USS real estate deal
[13:35 CEST 18-08] UK – Sources have confirmed the £30bn (€38bn) Universities Superannuation Scheme (USS), the second-largest pension scheme in the UK, is set to purchase a number of UK supermarket chain Tesco’s largest stores.
-
News
Buyouts and future of DC top trustee worries
[14:00 CEST 18-08] UK – Pension buyouts and the future of defined contribution (DC) schemes are the biggest concerns for pension fund trustees, research from Aberdeen Asset Managers has revealed.
-
News
Dutch SCA funds go fiduciary
[14:30 CEST 18-08] NETHERLANDS – Two Dutch corporate pension funds of global consumer goods and paper company SCA with combineds assets of €360m have chosen asset manager Mn Services as its fiduciary manager.
-
News
Pension demands kill Woolworths takeover bid
[15:45 CEST 18-08] UK – Woolworths Group today stated requirements related to its pension liabilities was one of the key reasons it has rejected a takeover offer by frozen foods chain Iceland Foods for its retail division.
-
News
PGGM begins push for fund's clients
[16:15 CEST 18-08] NETHERLANDS – PGGM, the asset manager of the giant Dutch health care pension fund PFZW, today announced it is to begin marketing saving products directly to its pension fund’s client base.
-
News
Go ordered to honour Maltacom pensions promise
MALTA – Former employees of Cable and Wireless (C&W) Malta have won a court battle to receive backdated pensions rights from now owners of the firm Go plc, after being promised their entitlement in an government-endorsed agreement in 1975.
-
News
Trustees 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.
-
News
Storfjord 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.
-
News
Value 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.
-
News
Scandinavian 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.
-
News
Work 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.
-
News
Ilmarinen 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.
-
News
NILGOSC 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.
-
News
Wednesday people roundup
[15:45 CEST 20-08] People roundup: GLOBAL – SPP, Governance for Owners, DNB, Invesco Perpetual, ABI, RCM, CFA Institute, Xafinity Consulting.
-
News
PGGM 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.
-
News
Czech 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.
-
News
BBC'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.
-
News
Pension 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.
-
News
Demands 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.
-
News
Norway 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.
