All IPE articles in August 2009 (Online) – Page 5
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News
Sovereign 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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UK 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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NBIM 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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Crisis 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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Dutch 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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News
Scottish 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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News
Finnish 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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News
IASB 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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News
Charity 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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News
Dutch 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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News
Optimism improves but Europe holds back
[15:45 CEST 21-08] GLOBAL – Fund manager optimism towards the global economies and investment markets has substantially improved to match recent market activity. But European fund managers are still reticent about moving assets back into equities, suggests Merrill Lynch’s latest survey of fund managers.
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News
Anadolu considers pioneering pensions move
TURKEY - Anadolu Hayat Emeklilik, the second-largest pension insurance firm in Turkey in terms of assets under management, could pioneer diversification of the country's pension fund range by introducing a new interest-free investment vehicle which follows the principles of 'Sukuk', IPE has learned.
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News
Pricing pressures fail to halt interest in full buyouts
[16:55 CEST 21-08] UK – Pensions consultancy Lane, Clark & Peacock has seen an increase in the number of quotation requests for full pensions buyouts, despite warnings on the horizon of possible bulk annuity price increases.
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News
UK self-certified schemes to require 7.6% contribution
[17:00 CEST 21-08] UK – Initial draft regulations outlining the requirements under which employers will be able to "self-certify" that their existing pension scheme meets the criteria for auto-enrolment, are likely to require a minimum contribution threshold of 7.6% of qualifying earnings, IPE has learned.
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News
Ilmarinen investments jump €2bn on 6.6% return
[17:10 CEST 21-08] FINLAND – Ilmarinen Mutual Insurance Company has reported an increase in its investment assets of €2bn in the first half of 2009, as it revealed its "best ever quarter" in terms of investment performance.
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News
Alecta posts 2.2% H1 return
[17:15 CEST 21-08] SWEDEN – Alecta has revealed the value of its investments increased by SEK6.4bn (€630m) in the first half of 2009, following an overall return of 2.2%.
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News
APG names Munsters' successor
[11:55 CEST 14-08] NETHERLANDS – APG has named Angelien Kemna as its new CIO according to a statement issued this morning by organisation, which manages the assets of the €180bn ABP pension fund.
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News
Horeca pension losses spark passive move
[15:00 CEST 24-08 NETHERLANDS - The €2.5bn pension fund for the hotel and catering sector (PH&C) has changed its asset management approach from active to mainly passive.
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News
Shropshire awards bond mandate to boutique
[15:15 CEST 24-08] UK – Shropshire County Council has awarded a new global bonds mandate for its £820m (€944.5m) pension fund to US boutique firm Strategic Fixed Income.
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News
Swisscanto sees easing of funding crisis
[15:50 CEST 24-08] SWITZERLAND – The average funding level of Swiss pension funds has recovered slightly since the beginning of this year to 93.4%, according to Swisscanto calculations.
