All articles by Daniel Brooksbank – Page 69
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Features
Putting the jigsaw together
Dealing with deficits and regulation – they are the two things uppermost in people’s minds in the UK pension industry today. It’s not so much regulation itself that is the intrinsic problem; it’s more in the implementation and uncertainty surrounding it that causes difficulties. As one consultant puts it, it’s ...
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News
Petroleum Fund to buy €1.6bn in FX next month
NORWAY – The Norwegian central bank will buy the equivalent of around €1.6bn in foreign exchange for the Petroleum Fund in September.
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News
UK's DWP slams uncertain DC outcomes
UK - The UK's Department for Work and Pensions says the growth in hybrid schemes may be driven in part by the "very uncertain outcomes" of defined contribution plans.
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News
UK's Cheshire awards tactical brief to Mellon
UK - Mellon Global Investments says it has been awarded a global tactical asset allocation by the £1.7bn (€2.5bn) pension fund of Cheshire County Council.
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DWS/DeAM get new Swiss sales head
SWITZERLAND - Tim Koevenig has been named head of sales for Switzerland at Deutsche Bank's retail and institutional asset management arms DWS and DeAM.
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Finnish state fund returns 8.2% in first half
FINLAND – The €7.5bn Finnish State Pension Fund, or Valtion Eläkerahasto, returned 8.2% in the first six months of 2005, compared with 4.3% in the 2004 period.
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News
European schemes differ on pension directive
EUROPE – Managers of European pension funds have widely differing views about the directive on pension funds that is due to implemented by member states in less than a month.
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IPE-QUEST: Two new searches
EUROPE – There are two new searches, for Asia-Pacific equities and pan-European real estate, on IPE-QUEST.
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South Yorkshire in corporate governance tender
UK – The £3bn (€4.4bn) South Yorkshire Pensions Authority has tendered for a corporate governance advisor.
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News
ATP makes €3.5bn from interest-rate hedging
DENMARK – ATP, the Danish labour market supplementary pension scheme, made a DKK26bn (€3.5bn) return on its interest-rate hedging instruments in the first six months of 2005.
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News
Consultants’ insurance dilemma highlighted
US – The recent case bought against a consultant-owned insurer in the US has highlighted the increasing problems firms face in securing insurance coverage.
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Genschou to head Watson Wyatt in Stockholm
NORDIC – Watson Wyatt has formally named Arne Genschou to take over from Erik Linder-Aronson as head of its Stockholm office, its base in the Nordic region.
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News
AP1 hands €4bn of N. American equities to BGI
SWEDEN - Första AP-fonden, the SEK 171.6bn (€18.4bn) first Swedish buffer fund, has awarded more than €4bn to Barclays Global Investors amid a scheme revamp that has seen it take more assets in-house.
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News
State Street wins €1bn in UK authority custody
UK - State Street says it has been awarded around £700 (€1bn) in custody from four UK local authority pension funds - one in Wales and three London boroughs.
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AP3 eyes more portfolio diversification
SWEDEN – Tredje AP-fonden, the Third National Pension Fund or AP3, says it plans more diversity in its portfolio – including areas such as emerging markets, international real estate and infrastructure.
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IPE-QUEST: Swiss consultant tenders two mandates
SWITZERLAND – Lugano-based investment consultant Kieger has tendered two mandates worth up to a combined $100m on behalf of clients via IPE-Quest.
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Irish postal scheme in €1.6bn revamp
IRELAND – The €1.6bn pension scheme of the Irish postal service An Post has restructured its manager roster with the help of consulting firm Mercer.
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News
Fortis keeps mum on fund arm report
EUROPE – Banking and insurance group Fortis has declined to comment on a newspaper report that it is looking for a partner for its Fortis Investments asset management arm.
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UK accounting board stands by FRS17
UK – The Accounting Standards Board says it stands by the FRS17 pension accounting standard – but admits critics could have a case.
