All articles by Carolyn Bandel – Page 10
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NewsAP2 and AP3 back World Bank climate bond
[15:20 CET 12-11] GLOBAL – The World Bank today launched a pension fund-backed green bond. The move came as investors globally urged policymakers to negotiate a new binding agreement to cut global greenhouse gas emissions.
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NewsWednesday people roundup
[15:00 CET 12-11] GLOBAL – Insight, Hymans Robertson, bfinance, Watson Wyatt, Club Vita, tPR, CBREI, Newton, LaSalle, Baillie Gifford, PGGM, ICMA, VAM Funds, IFDS, Galena.
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NewsSchemes snap up Danish 30-year bond
[15:00 CET 11-11] DENMARK – Pension funds seeking to improve their risk management snapped up Denmark's 4.5% 30-year bond auctioned this morning, executives said
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NewsItaly delays review of funds' asset limits
[16:20 CET 11-11] ITALY – A planned review aimed at allowing Italian pension funds to diversify into higher yielding asset classes has been put on hold, IPE has learnt.
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NewsDutch schemes get more time to recover - DNB
[17:30 CET 10-11] NETHERLANDS – The Dutch pension regulator DNB and the ministry of social affairs today announced pension funds will not have to submit recovery plans before April next year.
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NewsRethink at HSBC’s pension consulting arm
[17:05 CET 07-11] UK – HSBC Actuaries and Consultants (HACL), the pension consulting arm of bank giant HSBC, has appointed defined benefit head Steven Robinson to a new strategic role in a bid to update its DB and trustee market offerings
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News
BMW transfers pensions to new Trust
[17:25 CET 07-11] GERMANY – Munich-based car manufacturer Bayerische Motoren Werke (BMW) is preparing to make a second pensions transfer to its newly-launched contractual trust arrangement (CTA).
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NewsCorporate fund seeks equity manager
[17:20 CEt 07-11] EUROPE – A European corporate pension fund is looking for managers for a $100m (€78.4bn) all or large cap pan-European equity mandate, using IPE Quest.
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NewsIMF's rescue plan demands Hungarian pension cuts
[16:55 CET 07-11] HUNGARY – The executive board of the International Monetary Fund (IMF) has agreed to grant Hungary a €12.3bn stand-by arrangement, though officials have demanded the country make “substantial fiscal adjustments” and revise its pension system.
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NewsUK pension funds move from equity into alternatives
[17:00 CET 06-11] UK – Half of UK pension funds plan to decrease their allocation to equity in favour of increasing investments in alternative assets, though transparency remains a driver for allocating to the class, a new study has found.
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NewsAegon sees Dutch and UK pension losses in Q3
[16:30 CET 06-11] NETHERLANDS – Aegon, the Netherlands-headquartered insurer and asset manager, has today announced it has seen a drop in its overall revenue generating investments at the end of September and reported a net loss for the third quarter.
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NewsBVK fund's cover ratio falls further
[15:45 CET 05-11] SWITZERLAND – The CHF21.7bn (€13.4bn) Swiss BVK pension fund has seen a further drop in its solvency levels, pushing its planned privatisation even further away.
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NewsWednesday people roundup
[14:45 CET 05-11] GLOBAL – People roundup: Sampo, Mn Services, Insight Investments, Neptune, SLI, BNY Mellon Asset Management, BlackRock, Aon, MCM, Fortis, Schroders, IOPS, Punter Southall.
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NewsHedge fund roadmap provides 'bed time' demystification
[16:00 CET 04-11] The Alternative Investment Management Association (AIMA) has today published a new guide to hedge funds for institutional investors which is intended to challenge the bad press hedge funds have recently received.
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NewsBT in talks about pension overhaul
[16:35 CET 03-11] UK – Telecoms giant British Telecom (BT) has confirmed talks with its trustees and unions to overhaul its final salary pension scheme, the largest corporate pension scheme in the UK.
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NewsBilMoG arrival will go ahead - ministry
[16:15 CET 03-11] GERMANY – The introduction of BilMoG, the German modernisation of domestic HGB accounting rules for unlisted companies, is set to be introduced on schedule according to the German ministry of justice (Bundesjustizministerium).
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Features
Polish reforms take shape
Polish pension reforms began in 1999, but the presentation of new legislation relating to bridging pensions, annuities and the programmed withdrawal of funds suggests the reforms of the second pensions pillar could be completed just as the first pensions are paid next year. Ten years ago, Poland introduced a new ...
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Features
The Fannie and Freddie effect
The apparent end of the Fannie Mae and Freddie Mac uncertainty, following the de-facto government takeover in September, sent shares in the two quasi-governmental mortgage lenders tumbling, further decimating the considerable holdings of US pension funds in the mortgage giants. This new ‘conservatorship’ raises immediate questions about the fate of ...
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NewsPension giants write to companies on ESG
[14:30 CET 28-10] GLOBAL – An initiative created by pension giants APG, PGGM, CalPERS and the New Zealand Superannuation Fund (NZSF) has been unveiled on behalf of 52 pension funds and other institutional investors urgeingalmost 9000 companies to subscribe to the UN Global Compact.
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NewsSwedish funds underwrite Swedbank rights issue
[17:15 CET SWEDEN – The first and the second Swedish state pension funds, AP1 and AP2, alongside AMF Pension have underwritten the SEK12.4bn (€1.23bn) rights issue of Swedbank, the biggest bank in the Baltics.
