All articles by Cecilia Valente – Page 4
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News
SRI up 128% at French institutions
FRANCE – French institutional investors’ allocation to socially responsible investments (SRI), has grown 128% in the last 12 months according to a study by Novethic, a subsidiary by Caisse des dépôts et consignations (CDC).
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News
Northern Trust set to open Amsterdam office
NETHERLANDS – Northern Trust says it is aiming to open an office in Amsterdam within the first quarter of 2006.
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News
Swiss rail scheme mulls loan to plug deficit
SWITZERLAND – The deficit-hit €8.7bn Swiss Railway pension fund, Pensionskasse SBB, is considering borrowing CHF1bn (€639m) to plug part of its deficit.
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News
UK court rules on buy-out contributions
UK – Trustees with wide contribution-setting powers should exercise their powers when setting contributions in a buy-out-situation, according to a ruling at the Court of Appeal.
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News
UBS, JP Morgan lose out at France’s CRPN
FRANCE – CRPN, the €3.4bn pension fund for flight personnel, has dismissed JP Morgan Fleming Asset Management, UBS Global Asset Management and Baring Asset Management from a €40m emerging market portfolio.
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News
Belgian funds return 8.68% in first half
BELGIUM – Average returns for Belgian pension funds in the first half of 2005 have matched returns for the whole 2004 - boosted by good equity and bond returns, according to a survey by the Belgian Association of Pension Institutions.
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News
Italy’s Maroni starts pension reform group
ITALY – Welfare minister Roberto Maroni has launched a 21- strong working group to monitor pension expenses and the sustainability of the 2004 pension reform.
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News
VW pension managers exit amid probe
GERMANY – The resignation today of Volkswagen’s human resources head Peter Hartz follows that of VW’s Pension Trust director Helmuth Schuster amid a bribery investigation.
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News
INTERVIEW: US’s Oxley on corporate governance
GLOBAL – US congressman Michael Oxley, co-author of the US Sarbanes-Oxley corporate governance legislation, says institutional investors are “finding their voice” in corporate governance.
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News
London scheme cautious amid Olympic bid win
UK - The £3bn (€4.33bn) London Pensions Fund Authority is cautious about new opportunities for institutional investors, as London prepares to host the 2012 Olympic Games.
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News
Ireland: Pepsi prosecuted over pensions info
IRELAND - The Pensions Board said it had successfully prosecuted Pepsi Cola Trading Ireland and two other companies for failing to comply with requests for information on their pension obligations.
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News
UK regulator provides detail on notifiable events
UK – The new Pensions Regulator has explained the new responsibilities of trustees and employers under the Pensions Act.
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News
AP2’s managing director Idermark resigns
SWEDEN – Lars Idermark, managing director of the SEK158.1bn (€16.7bn) Andra AP-fonden, AP2, is to leave the buffer fund to join consumer association KF as chief executive.
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News
Italian cabinet approves 2nd-pillar draft
ITALY – The Italian cabinet has approved the final draft for the law that will change the Italian pension system, shifting some of the pension burden from the state to employers and employees.
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News
Schemes should double property allocation – CBRE
EUROPE - Pension funds should double their allocation to real estate to combat deficits says property consultancy firm CB Richard Ellis.
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News
Swiss institutions return 2.29% in Q1
SWITZERLAND – Swiss institutional investors had returns of 2.29% in the first three months of the year, according to a survey by Lusenti & Partners.
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News
Italy’s Maroni slams banks over 2nd-pillar plan
ITALY – Welfare minister Roberto Maroni has vowed to beat the resistance from the banking sector in his bid to boost the second pillar pension system with the severance payout known as the Tfr.
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News
BT scheme eyes commodities by end-2005
UK – The £50bn (€74.2bn) pension scheme of phone firm British Telecom may allocate a “single figure” percentage of its assets to commodities from its equity portfolio by the end of the year.
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Features
Fighting the good fight
“Whatever happens we must not lose,” this may seem a battle cry from a general rallying his men in an historical battle. Instead it was uttered in the less eventful occasion of an interview, and it applies to the Italian pension scenario – perhaps not a far cry from a ...
