All articles by Carolyn Bandel – Page 5
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NewsEC launches probe into S&P
[16:40 CET 13-01] EUROPE - The European Commission (EC) will investigate ratings agency Standard & Poor’s (S&P) for what is says is potential abuse of its market position, by setting pricing policies for European financial institutions which use international securities identification numbers (ISINs) applied to North American securities.
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NewsPensCorp to deliver Leyland DAF buyout
[16:30 CET 13-01] UK – The £230m (€253m) pension fund of the former UK commercial vehicle manufacturer Leyland DAF has tapped Pension Insurance Corporation (PIC) to buyout its pension liabilities.
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NewsRussia changes pension law for voluntary savings
[16:00 CET 13-02] RUSSIA – The Russian government has implemented a new law introducing subsidies for voluntary pension savings guaranteeing matching state contributions.
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NewsJP Morgan's Carter to retire
[13:00 CET 13-01] UK – Kevin Carter, who heads the JP Morgan’s pension advisory group for Europe, has announced his imminent retirement.
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NewsAiling printer manufacturer to top-up pension
[16:15 CET 12-01] NETHERLANDS – Dutch printer manufacturer Océ has today unveiled an €80m savings package for the firm but revealed it will also increase the cash contribution to its ailing Dutch pension fund.
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NewsSecs lending 'oils the machine' – Kas Bank
[14:30 CET 12-01] NETHERLANDS – Albert Röell, chairman of Dutch securities bank Kas Bank’ managing board, has warned securities lending is “the oil for the financial machine”.
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NewsMore equity volatility predicted
[14:00 CET 12-01] GLOBAL – Equity volatility remains high in 2009, while real yields on government securities are likely to remain low, according to a global fund manager survey by consultancy firm Watson Wyatt.
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NewsCEO-less Eureko taps shareholders
[16:30 CET 09-01] NETHERLANDS – Dutch insurance giant Eureko, whose chief executive stepped down earlier this month, has asked shareholders for capital to bolster solvency levels.
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NewsHalf of Swiss schemes underfunded
[16:00 CET 09-01] SWITZERLAND – The Swiss Federal Social Insurance Office has estimated that currently around half of all Swiss pension funds are underfunded.
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NewsPlumbing scheme reappoints JP Morgan
[15:20 CET 09-01] UK – The trustees of the £1bn (€1.12bn) UK plumbing and mechanical services pension scheme has revealed it has reappointed JP Morgan as its global custodian.
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NewsIberia says no to BA pension fund top-up
[15:00 CET 09-01] SPAIN – Spanish carrier Iberia will not make any injection into the ailing British Airways (BA) pension fund if the companies' planned merger goes ahead, IPE has learnt.
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NewsEuropean patent fund seeks portfolio manager
[15:00 CET 09-01] EUROPE – The European Patent Office in Munich is looking for a portfolio manager for its principal directorate of the €3.1bn Reserve Funds Pensions and Social Security (RFPSS), IPE has learnt.
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NewsHBOS trustees drop Lloyds merger objection
[16:30 CET 08-01] UK – The trustees of the HBOS Final Salary Pension Scheme (FSPS) have announced today they will drop plans to delay the bank's takeover by rival Lloyds TSB until they would receive a funding guarantee for the scheme.
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NewsPGGM names Kas Bank as custodian
[16:00 CET 08-01] NETHERLANDS – PGGM, the newly separated asset manager of the large Dutch pension fund PFZW, has appointed Kas Bank as custodian for part of its securities portfolio.
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NewsABP taps ex-NBIM chief Kjaer for advice
[14:55 CET 08-01] NETHERLANDS – Knut Kjaer, the former chief executive of Norges Bank Investment Management (NIBM), the asset manager of the Norwegian oil fund, has joined the investment committee of the giant Dutch civil service pension fund ABP.
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NewsUN fund eyes hedge funds, private equity
[10:15 CET 08-01] GLOBAL – The $30bn (€22.1bn) United Nations Joint Staff Pension Fund (UNJSPF) says it has approval to incorporate hedge fund of funds and private equity into its portfolio.
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NewsInvestors avoid German bond auction
[16:00 CET 07-01] GERMANY – The German 10-year government bond auction, intended to raise up to €6bn, failed today after investors appeared to shun the issue.
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NewsFujitsu taps SLI for UK equities
[16:00 CET 07-01] UK – The £1.9bn (€2.1bn) UK defined benefit (DB) pension fund of Japanese computer manufacturer Fujitsu has appointed asset manager Standard Life Investments for a £90m UK equity portfolio.
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NewsWednesday people roundup
[16:00 CET 07-01] GLOBAL – IBM, Nordea, Fidelity, Eureko, Nationale Suisse, Redington Partners, CFA Institute, Hymans Robertson, HACL, Interactive Data, Merrill Lynch, Mandarine Gestion.
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NewsOptas case can be solved – SBPVH
[16:00 CET 06-01] NETHERLANDS – The dispute over the proceeds of Optas’ sale to Aegon can be solved with the current court case, according to Ton Jansen, chairman of the representative body of the Dutch harbour workers (SBPVH).
