All IPE articles in August 2008 (Online) – Page 6
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NewsBritish Energy denies buyout plan
[16:40 CEST 11-08] UK – British Energy has denied it is planning to buy out its pension schemes in an attempt to improve its position as a possible takeover target.
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NewsAegon seeks regrowth at end of merger transition
POLAND – Officials are hoping fewer Poles will opt to leave these funds now the legal transition period for merged pension funds Aegon and Skarbiec Emerytura has ended.
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News£550m Enfield fund reappoints custodian
[14:45 CEST 11-08] UK – The London Borough of Enfield has reappointed State Street to deliver custody arrangements for its £550m (€700m) pension fund.
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NewsLongevity risk higher on TLP derivatives - MPL
[14:30 CEST 11-08] GLOBAL – Pensions funds are being advised to invest traded life policy funds as part of a strategy to hedge longevity rather than buy direct or opt for TLP derivatives, as a supplier to European pension funds argues only half of the risk is being hedged in ...
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NewsCo-op's £5.3bn fund confirms custody consolidation
[16:55 CEST 08-08] UK – The £5.3bn (€6.7bn) Co-operative Group Pension Scheme (PACE) has tapped BNY Mellon Asset Servicing as its sole custodian.
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NewsMore bad news for Danske Capital
[16:50 CEST 08-08] DENMARK – Danske Bank’s asset management business, Danske Capital, saw its assets under management decline by 11% to DKr572bn (€76.67bn) at the end of the first half of this year.
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NewsSkandia's int'l arm to unveil new Swedish pension
[16:45 CEST 08-08] SWEDEN – Skandia International will unveil a new pension plan for the Swedish pensions market later this month allowing employers to give executives access to a wider range of pensions investments, but which will is not part of the Skandia Liv offering.
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NewsAmCham criticises German SWF hurdles
[16:15 CEST 08-08] GERMANY – Plans by the German government to raise bars for sovereign wealth funds (SWFs) to invest in German companies have come under fire from the American Chamber of Commerce (AmCham).
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NewsTPR guides on pension transfers
[16:00 CEST 08-08] UK – The UK pension regulator (TPR) today has published draft guidance to help trustees of defined benefit schemes calculate transfer values for members preceding new transfer value regulation coming into force later this year.
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NewsBelgian institution to award cash mandate
[15:50 CEST 08-08] BELGIUM – A Belgian institutional investor is looking for a manager to handle a $125m (€82.6bn) Eurozone cash mandate, using IPE Quest.
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NewsEaling re-tenders pensions investment consulting
[15:45 CEST 08-08] UK – The London Borough of Ealing is reviewing Mercer’s position as investment consultant to the pension fund, in line with its regulatory duty to do so.
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NewsAegon sees 8% rise in pensions earnings
[16:00 CEST 07-08] NETHERLANDS – Aegon, the Dutch insurance and pensions provider, today posted an 8% increase in underlying earnings before tax in its pensions and asset management business in the second quarter of this year.
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News£1.1bn Dyfed fund renews custody mandate
[16:00 CEST 07-08] UK – The £1.1bn Carmarthenshire County Council’s Dyfed pension fund has renewed its custody contract with HSBC Security Services.
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NewsFortis still waiting for Ping An
[16:55 CEST 07-08] NETHERLANDS – Fortis is still waiting for approval from the Chinese regulators to complete its €2.15bn joint venture with Chinese insurer Ping An, the Belgian Dutch financials firm confirmed today.
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NewsAllianz increases inflows with help of bonds
[16:40 CEST 07-08] EUROPE – German financial group Allianz managed to grow its net inflows in the asset management business to €33bn in the first half of 2008.
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NewsF&C's uncertain future leads to institutional outflows
[15:30 CEST 07-08] UK – F&C Asset Management reported net institutional outflows of £1.9bn (€2.4bn) in the first half of 2008, following uncertainty over the future corporate structure of the business.
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NewsBALPA lands a deal to end to pensions strike
[15:20 CEST 07-08] UK – The GMB trade union has called off the second day of a strike by members of the British Air Line Pilots Association (BALPA) over pay and pensions following a new offer from BALPA.
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NewsIBM’s dollar hedge keeps returns up
[16:10 CEST 07-08] NETHERLANDS - The €3.1bn pension plan of IBM Netherlands managed to achieve an overall return of 4.5% thanks to its currency hedge against the US dollar.
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NewsAustrian funds return -4.95% in H1
[15:30 CEST 06-08] AUSTRIA – Pensionskassen in Austria saw their returns drop by 4.95% for the first half of this year, according to latest statistics revealed by the Austrian control bank (ÖKB).
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NewsCapacity of buyout providers in doubt
[14:15 CEST 06-08] UK – Consultancy firm Aon has warned pension buyout providers are buckling under the weight of current buyout demand and are struggling to cope with requests.
