All IPE articles in August 2009 (Online) – Page 3
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NewsDutch pensions up share in local funds
[16:55 CEST 20-08] NETHERLANDS - Dutch pension funds increased their share in Dutch investment funds during the second quarter of this year to two-thirds of the market, which in turn amounted to €241bn, according to pensions regulator De Nederlandsche Bank.
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NewsCharity lobbies local gov't pensions over mining
[16:45 CEST 20-08] UK – A number of local authority pension funds are coming under pressure from the charity ActionAid to use their investments in mining firm Vedanta to stop an open pit mine in India.
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NewsIASB speeds up IAS19 discount rate review (updated)
[16:15 CEST 20-08] GLOBAL - The International Accounting Standards Board (IASB) has confirmed it wants to amend the source of the discount rate used for measuring post-retirement benefits, and has issued a shorter than usual timeframe on the consultation in the hope of signing off the change by the end ...
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NewsFinnish H1 pension figures stay positive
[16:00 CEST 20-08] FINLAND – Three of Finland's mutual pension insurance companies have posted positive first half results, but Tapiola Pension yielded the highest return of 4.9%.
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NewsScottish Enterprise appoints Mercer and Hymans
[15:45 CEST 20-08] UK – Scottish Enterprise, the organisation established to further the development of Scotland's economy, has appointed two new advisers to its £370m (€428.4m) defined benefit (DB) pension fund.
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NewsDutch insurers failing pensions duty of care - AFM
[15:30 CEST 20-08] NETHERLANDS - Many pension insurers are falling short in their duty of care in situations where contracts offer policyholders freedom of choice on investments, the communications watchdog Authority Financial Markets (AFM) has claimed.
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NewsCrisis halts pension fund creation
[16:55 CEST 19-08] GERMANY – The German province of Lower Saxony has postponed plans to create a public pension fund, IPE has learnt.
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NewsNBIM expects transparency over water management
[16:45 CEST 19-08] NORWAY – Norges Bank Investment management (NBIM) has warned companies that it invests in on behalf of the Government Pension Fund – Global must take a "long-term approach to the issue of water", and consider the impact of local communities on water and sanitation challenges.
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NewsUK DC assets rise almost 7% in July
[16:40 CEST 19-08] UK – The combined value of the UK's defined contribution (DC) pension assets rose by £31bn (€36bn) in July and returned schemes collectively to the same levels recorded in September 2008, suggests data presented by Aon Consulting.
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NewsSovereign funds 'must dialogue' with pension funds
[16:30 CEST 19-08] GLOBAL - The financial crisis is likely to make sovereign wealth funds (SWF) more, not less, active in their pursuit of strategic objectives and engagements as shareholders, and they should therefore pursue fuller dialogue with pension funds and other active investors, according to State Street.
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NewsLevensloop deposits fall 7% (updated)
[16:00 CEST 19-08] NETHERLANDS - Dutch workers paid 7% less into their tax-friendly ‘levensloop’ or life course saving plans in 2008, latest figures reveal.
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NewsWednesday people roundup
[14:00 CEST 19-08] GLOBAL - Pension Capital Strategies, Hymans Robertson, PricewaterhouseCoopers, Finansinspektionen, Hermes, Mirae Asset Global Investments, Brookfield, Fortis, Standard Life, NIBC, Cheyne Capital
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NewsCapita collects new admin contract
[16:55 CEST 18-08] UK – The South Wales Police force has appointed Capita Hartshead to take care of the pensions administration for 6,200 members of the Heddlu de Cymru Pension Scheme.
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NewsNorthants tenders global equities and bonds
[16:45 CEST 18-08] UK – Northamptonshire County Council is tendering two new investment mandates for global equities and bonds, following a review of its £866m (€1.01bn) pension fund's investment strategy.
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NewsSwiss pension figures brighten funding picture
[16:40 CEST 18-08] SWITZERLAND – Figures released by the supervisory authorities of the cantons of Solothurn, Basel-Land and Basel-City suggest only 32% of local pensionskassen are underfunded.
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NewsBasic diversification rules still hold true – Austrian PKs
[16:35 CEST 18-08] AUSTRIA – All three heads of the largest Austrian Pensionskassen believe the financial crisis should not fundamentally change their funds’ assumptions on asset allocation.
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NewsCERN pension fund sees personnel changes
[16:00 CEST 18-08] SWITZERLAND – The pension fund for the Council of European Nuclear Research (CERN) workers is finalising changes to its trustee management and staffing arrangements, as Richard Balfe is now a director of the fund, and a new manager is joining to head up the plan team.
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NewsDC pensions eyed as recruitment tool – Watson Wyatt
[15:30 CEST 18-08] UK – Many employers reviewing their existing defined benefit pension arrangements are looking to provide defined contribution plans which make their retirement benefits competitive with rivals, according to consulting firm Watson Wyatt.
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NewsPositive gain for Varma ups assets by €2bn
[16:50 CEST 17-08] FINLAND – Varma Mutual Pension Insurance Company reported a first half return of 4.6%, resulting in the value of the investments increasing by almost €2bn to €26.5bn.
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NewsLincolnshire seeks global equity manager after strategy review
[16:40 CEST 17-08] UK – Lincolnshire County Council has initiated a tender search for one or more managers to run a £200m (€231.9m) global equity portfolio for its local government pension scheme, following a review of its asset allocation strategy.
