All articles by Daniel Brooksbank – Page 103
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News
“Out of control” CalPERS facing Arnie on DC
US – California governor Arnold Schwarzenegger has said the state’s pension system – which includes the California Public Employees Retirement System - is “out of control” and should shift to defined contribution.
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Academic sceptical on ‘New Europe’ pensions
EUROPE – An academic at the University of California has told the European Central Bank that the new EU member states are not as advanced in pension reform as sometimes claimed.
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Ilmarinen cuts stake in insurer Pohjola
FINLAND – Ilmarinen, the €15.9bn occupational pensions provider, has reduced its stake in insurance firm Pohjola to 9.24% as part of a transaction which has seen Suomi Mutual's holding in Pohjola rise to 49.64%.
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News
Ryan ALM offers daily liability monitoring
GLOBAL – Ryan ALM has unveiled a web-based system that monitors pension asset/liability risk on a daily basis.
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News
Law Debenture trustee counsel steps down
UK - Robert Williams has stepped down from his executive director role as counsel on the trustee business at Law Debenture.
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SAM appoints new head of institutional clients
SWITZERLAND - Sustainable Asset Management (SAM) of Switzerland has appointed Eric Gelfgren as head of international institutional clients.
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Irish reserve fund avoids bonds in tactical move
IRELAND – The National Pension Reserve Fund remained underweight its benchmark bond holding last year as a result of a “tactical decision” not to commit to bonds in the current interest rate situation.
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UK schemes return 10% in 2004 - Russell Mellon
UK - Pension schemes in the UK returned around 10% in 2004, according to an estimate from Russell Mellon.
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News
“Live long and prosper” – Watson Wyatt
GLOBAL – Watson Wyatt Worldwide vice president Steve Vernon says people can still “Live Long & Prosper” – the title of his new book about retirement.
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News
Pension experts “too gloomy” on PAYG
GLOBAL – A United Nations researcher, in a review of pension literature, has said that the reports are “too gloomy” on pay-as-you-go pension systems and that intergenerational problems can be made to disappear.
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News
Petroleum Fund suspends FX purchases
NORWAY – Norges Bank has said it won’t be buying foreign exchange for the Petroleum Fund in January amid a move to scale down the size of the buffer portfolio.
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Features
ABP, USS in warning over global drugs industry
Two of Europe’s largest pension funds, Stichting Pensioenfonds ABP and the Universities Superannuation Scheme, have warned of continued “downward valuation” of the global pharmaceutical industry. And they’ve called for a new acknowledgement of the “mutual inter-dependence” between drugs firms and shareholders. The comments come in a new report called ‘Pharma ...
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Features
Dipping your toe in the pool
With computer giant IBM now apparently re-thinking the idea of pooling its European pension assets because of uncertainty over tax harmonisation, where exactly does that leave the whole pooling and pan-European pensions debate? In short, can pooling deliver on the hype? The company is understood to be unwilling to commit ...
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Features
Doubts over European long-only equity
European institutions including pension funds have expressed doubt about asset managers’ long-only equity returns in the future, according to a new survey organised by alternative investment groups. Thirty-percent of respondents to a survey organised by the Alternative Investment Management Association and IPM Informed Portfolio Management said their expectations of external ...
