All articles by Cecilia Valente – Page 22
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News
NAPF calls for consolidated pension regulation
UK – The chief executive of the National Association of Pensions Funds has called for the system of government organisations and so-called 'quangos' that regulates pension schemes to be consolidated.
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News
(Correct) BA pension scheme seeks manager
(Clarifies not a mandate) UK – The British Airways Pension Investment Management Ltd is looking for a new fixed interest manager.
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Portuguese pensions funds show growth in Otober
PORTUGAL – Portuguese pension funds have returned an average 0.8% in October with Euro equities bringing the highest return, according to pension fund consultants Watson Wyatt.
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IPE Seminar: Risk, Costs and Interest Rates
EUROPE – Top European pension executives have told the IPE Awards seminar in Zurich today that cost cutting, inflation and attitude to risk are among the most significant challenges for the future of the industry.
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Features
Pooling power and fears for the Swiss second pillar
A London conference on pension pooling learnt that not only could the market be worth up to a trillion euros over time – but that the technique might even be a way for corporate schemes to take trustees out of the loop. “We’re talking about very big asset pools,” Willie ...
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German regulator admits pensionskassen could miss safety net
GERMANY – The German regulator has admitted that members of the pensionskassen retirement schemes could miss the proposed safety net for schemes whose parent companies have gone bankrupt.
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Italy: pensioners bear budget cost, unions say
ITALY- The general secretary of one of the three biggest Italian trade unions has said pensioners will bear the brunt of the forthcoming 2005 budget, which the government promises will bring 6.5 billion euros in tax cuts.
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News
AP7 fires CDC Ixis for poor performance
SWEDEN – The 40 billion-crown (4.5 billion-euro) Seventh Swedish National Pension Fund, Sjunde AP-fonden, has sacked CDC Ixis Asset Management – the first time it has fired an asset manager for poor performance.
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News
Pension rate key in possible Winterthur sale
SWITZERLAND – Switzerland’s 2.5% legal minimum interest rate guarantee for pensions could be a factor in the possible sale of insurer Winterthur, observers say.
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News
UK accountants want ‘root & branch’ IAS19 reform
UK – The new international pension accounting standard IAS19 needs “root and branch” reform, says Eric Anstee, chief executive of the Institute of Chartered Accountants in England and Wales.
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News
New Italian institutional fund launched
ITALY - Italian asset manager Arca SGR has launched a mutual fund to meet the needs of institutional investors called Anfiteatro – MultiInvestmentFund.
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News
PPF set to eye schemes’ investment strategy
UK – The Pension Protection Fund will look at pension funds’ investment strategies when assessing their contribution to the fund levy, says the fund’s chairman Lawrence Churchill.
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News
Sweden's AP3 names new management team
SWEDEN - The 142 billion-crown (15.2 billion-euro) Third Swedish National Pension Fund, AP3, has appointed a new nine-strong executive management team that includes two new members.
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News
EDF in E11bn share sale for pensions, debt
FRANCE - Electricite de France, EDF, the French electricity company that became a limited company last week, is set to sell up to 11 billion euros in shares in a bid to repay debts, finance its development and foot its pension bill.
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News
Austrian MPs OK pension harmonisation
AUSTRIA - The Austrian parliament has approved the controversial pension harmonisation that envisages a homogeneous system of contributions for workers under 50.
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News
Brussels airport scheme transfers to state
BELGIUM - ABN Amro Asset Management and KBC Asset Management face losing mandates if the 160 million-euro pension fund of the Brussels International Airport Co. (BIAC) is transferred to the Belgian state following privatisation.
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News
Nomura ousts Schroders at London transport fund
UK – Schroder Investment Management has lost a 215 million-pound (307.2 million-euro) mandate to Nomura Asset Management as the London Regional Transport Pension Fund (LRTPF) changes management for its active Far Eastern Equity portfolio
