All IPE articles in August 2009 (Online) – Page 6
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NewsKeva posts 6.5% return in H1
[16:55 CEST 06-08] FINLAND - Kuntien eläkevakuutus (Keva), the local government pension institution, generated a return on its investments of 6.5% in the first half of 2009 following a continued rally from equity markets.
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NewsCzechs given open pensions choice
CZECH REPUBLIC – Employees in the Czech Republic are being given more free choice over their pension provider in the latest reforms, but switching pension funds will be no longer free for all.
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NewsIrish funds rose 6% in July
[16:40 CEST 06-08] IRELAND – Irish managed funds reported a positive performance for the fifth month in a row, after they returned of 6% in July.
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NewsPartners Group wins Bucks alternatives mandate
[16:30 CEST 06-08] UK – Buckinghamshire County Council has awarded an alternative assets mandate to Partners Group on behalf of its £1bn (€1.17bn) local government pension scheme.
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NewsOperational issues are essential to pensions - IPE survey
[16:20 CEST 06-08] EUROPE - Operational robustness is integral to investment ability and should not be seen as a separate issue, according to half of all pension funds who responded to an IPE survey on securities lending.
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NewsAviva to float Delta Lloyd
[16:10 CEST 06-08] GLOBAL – Aviva is planning to float some its holding in Delta Lloyd, the Netherlands-headquartered life insurance operation, in a bid to give the firm more capital and ahead of what officials claim will be consolidation in the Netherlands.
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NewsRailpen expands its long-short strategy
[16:00 CEST 06-08] UK - Railpen Investments, the in-house investment manager for the £15bn (€17.7bn) industry-wide pension fund for British railway workers, has invested £65m in a fund of long-short equity hedge fund with Goodhart Partners.
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NewsTPR to use direct marketing for employer compliance
[15:30 CEST 06-08] UK – The Pensions Regulator (TPR) has signalled its intention to use direct marketing services as an initial step to inform employers and their advisers of their duties, under the new auto-enrolment requirements beginning in 2012.
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NewsPensions risk could lead to use of 'EBITDAP' - LCP
[16:50 CEST 05-08] UK – Pensions consultancy firm Lane, Clark & Peacock has predicted companies might in future adapt their accounting reports to carry financial results which list pensions activity as an extension of their ‘EBITDA’ calculations.
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NewsSticking to strategic allocations caused problems - IQAM
[16:00 CEST 05-08] AUSTRIA – Austrian pension funds should not have stuck to strategic asset allocations as widely used risk controls could not have worked last year, accordng to Helmuth Frey, head of quantitative management house IQAM.
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NewsDutch employers warn pensions must be cut
[15:30 CEST 05-08] NETHERLANDS - Dutch employers have called on pension arrangements to be cut, as the rapidly rising costs are said to be damaging the competitiveness of Dutch companies.
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NewsAIB aggregate deficit exceeds €1.2bn
[15:00 CEST 05-09] IRELAND – The pensions deficit of Allied Irish Banks (AIB) - one of the institutions recapitalised by the National Pension Reserve Fund (NPRF) - rose by more than €150m in the first half of 2009, to €1.26bn.
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NewsBelgian pensions make Q2 comeback
BELGIUM – Belgian pension funds have pulled back some of the losses seen in the financial turbulence of last year, as a strong performance in all sectors lifted funds within the second quarter, suggests data from Mercer.
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NewsBarra wins NPRF risk management contract
[14:00 CEST 05-08] IRELAND – The National Treasury Management Agency (NTMA) has appointed Barra International to provide a risk management system for the €19.4bn National Pension Reserve Fund.
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NewsBalsfjord joins Norwegian pension tenders
[13:30 CEST 05-08] NORWAY – Balsfjord kommune, in the north of Norway, is the latest municipality to re-tender its public occupational pension provision.
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NewsWednesday people roundup
[13:00 CEST 05-08] GLOBAL – PGGM Investments, Hermes Fund Managers, Redington Partners, Gartmore, Ignis Asset Management, T.Rowe Price
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NewsUNJSPF to monitor potential long-term risks
[16:40 CEST 04-08] GLOBAL – The UN Joint Staff Pension Fund confirmed it is closely monitoring market conditions “in the upcoming months” to identify and address potential long-term risks that could negatively impact the fund.
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NewsBPK recovery goes back to drawing board
[16:30 CEST 04-08] SWITZERLAND – The canton of Bern has rejected proposals for an increase in contributions to the Bernische pensionskasse (BPK).
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NewsEU committee seeks expert panel on finance
[16:20 CEST 04-08] EUROPE – The European Parliament's Economic and Monetary Affairs Committee is tendering for providers to join a "panel of experts" to provide advice on financial services issues.
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NewsACA calls for interim changes to PCPF
[16:10 CEST 04-08] UK – The Association of Consulting Actuaries (ACA) has warned against any "significant revisions" to the Parliamentary Contributory Pension Fund (PCPF) until there is a wider review of UK public sector pensions.
