All articles by Daniel Brooksbank – Page 68
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News
European social model at risk – McCreevy
EUROPE – The European social model is at risk amid low growth and changing demographics, says Charlie McCreevy, the European Commission’s internal markets chief.
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News
Belgian pension funds now known as IORPs
BELGIUM – The Belgian Pension Fund Association has gone perhaps further than anyone else in reflecting the pension directive, by renaming pension schemes as IORPs.
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News
Petroleum Fund excludes firms for cluster bombs
NORWAY - Eight defence companies have been excluded from the Petroleum Fund because of their involvement in cluster bombs, the Ministry of Finance says.
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News
UK and Ireland in talks with EU on IORPs
IRELAND – Ireland and the UK are in talks with the European Commission over the recognition of UK/Ireland pension schemes under the pension fund directive.
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News
AXA Rosenberg bags €98.3m Shropshire brief
UK - AXA Rosenberg says it has won a European ex-UK equities mandate worth €67m (€98.3m) from the Shropshire County Pension Fund.
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News
Alecta returns 8.3% in first half
SWEDEN – Occupational pensions firm Alecta said it made a total return of 8.3% in the first half of the year, compared to 4.9% a year before.
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News
Belgium’s KBC hails pension pooling
BELGIUM – KBC, which launched a pension pooling fund for Suez earlier this year, says the technique offers various benefits which reduces costs.
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News
UK delays new scheme funding requirements
UK – The UK’s Department for Work and Pensions says the new funding requirements for defined benefit occupational pension schemes will now come into force on October 31, slightly later than planned.
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News
Nammack joins Carnegie as consultant
SWEDEN – Former Skandia Liv and AP3 executive Kristian Nammack has joined Carnegie in a consulting capacity.
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News
IPE-QUEST: European fund tenders Japan equities
EUROPE – A European pension fund has tendered up to $100m (€80.2m) in Japanese large-cap core equities via IPE-Quest.
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News
Netherlands' Interpay outsources €265m scheme
NETHERLANDS - Payment processing firm Interpay has outsourced its entire €265m pension fund to SEI Investments, resulting in losses for incumbent managers ABN Amro and ING.
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News
Mellon had talks with State St., Northern – WSJ
GLOBAL – Mellon Financial Corp. has had informal talks about a possible custody combination with State Street and Northern Trust, the Wall Street Journal has reported.
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News
AP4 says external equities mandates negative
SWEDEN – AP4, the SEK165bn (€17.6bn) Fourth National Swedish Pension Fund, says its external equities mandates made a negative contribution in the first half.
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News
Norway’s KLP names Thjømøe as finance director
NORWAY – KLP Forsikring has named Statoil’s Mari Thjømøe as its new finance director.
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Features
Directive to 'impact discount rates'
The implementation of the European directive on occupational pensions could lead to a change in the way discount rates are determined, according to the European actuarial consultative group. “We expect to see significant changes in the way discount rates and other assumptions are determined as EU states begin to implement ...
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Features
Harcourt teams up for Swedish index launch
Harcourt Investment Consulting, the Swiss hedge funds business has launched a Swedish hedge fund index. Harcourt has teamed up with data firm SIX and News Agency Direkt on a new series called SIX Harcourt HFXS-Index. They say the new offering provides “a comprehensive insight into the fast-growing Swedish hedge fund ...
