All IPE articles in December 2006 (Online)
View all stories from this issue.
-
News
Germany’s NAEV ups real estate exposure
REAL ESTATE – Germany’s NAEV, a €7.75bn medical pension fund, will expand investments in real estate investment trusts (REITs) and other real estate securities over the next three years, says Hermann Aukamp, NAEV’s director of real estate.
-
News
SEI’s institutional sales head leaves
UK – Francis Ellison, head of institutional sales at multi-manager SEI Investments’ London office, has left according to the firm’s head of institutional business Patrick Disney.
-
News
Littlewoods brings pensions in-house
UK – Sue Nimmo has been appointed pensions manager for the Littlewoods Shop Direct Group.
-
News
EU pension scheme looking for actuary
EUROPE – The European Court of Auditors is looking for an actuary for the annual calculation of liabilities of the unfunded scheme for EU civil servants (PSEO).
-
News
€5bn in Italian TFR money looking for managers
ITALY – Under the new law on the severance pay (TFR) an estimated €5bn is to flow into private pension funds.
-
News
Dutch insurers have €31bn pension liabilities - DNB
NETHERLANDS - Dutch life insurers have pension liabilities totalling €31.2bn, pensions regulator De Nederlandsche Bank said.
-
News
FRR awards €150m private equity mandate
FRANCE – The €29bn Fonds de Réserve Pour les Retraites, the French Pensions Reserve Fund, says it has awarded €150m in private equity to AXA Private Equity Europe.
-
News
New Nestlé pension arm takes over
EUROPE – The newly created Nestlé Capital Management (NCM) is to take over from Nestlé UK Pension Trust Ltd or Fonds de Pensions Complementaire Nestlé as investment manager for the company’s in-house Robusta funds.
-
News
Goldman Sachs AM Germany chief exits
GERMANY – James Dilworth has quit as managing director of Goldman Sachs Asset Management in Germany.
-
News
Dutch funds return to equities - DNB
NETHERLANDS – Dutch pension funds invest more in equities now than they did during the internet boom, according to a study by Dutch pensions regulator De Nederlandsche Bank (DNB).
-
News
Denmark’s PFA Pension names new CIO
DENMARK – Henrick Franck will become the new chief investment officer for the DKK 206.4bn (€27.7) Danish life insurer PFA Pension as of April 1 2007.
-
News
Varma CEO to chair new market association
FINLAND – Matti Vuoria, chief executive of Varma Mutual Pension Insurance Co., has been elected chairman of Finland’s new Securities Market Association.
-
News
Dismay at €1bn UK pension protection levy
UK – The Pension Protection Fund’s announcement that it plans to levy an estimated £675m (€1bn) on pension funds in 2007/8 – more than double the previous levy – has been met with dismay by commentators.
-
News
Hewitt opens Cyprus office
CYPRUS - Hewitt Associates says it has opened a new office in Nicosia, headed by consultant Philippos Mannaris.
-
News
EADS considers external pension fund
GERMANY – Aerospace firm EADS has confirmed that it is considering creating an external pension fund – known as a contractual trust arrangement – to fund pension liabilities currently on its balance sheet.
-
News
Dutch MPs approve FTK parameters
NETHERLANDS – The Dutch parliament has approved the parameters of the new financial assessment framework for pension funds, or FTK, as proposed by Social Affairs minister Aart Jan de Geus.
-
News
ABP names executive board chairman
NETHERLANDS – Stichting Pensioenfonds ABP, the €201bn Dutch civil service pension fund, has named chief financial officer Dick Sluimers as its new executive board chairman.
-
News
Schroders under review at Berkshire fund
UK – The £1.4bn (€2.1bn) Berkshire county pension fund is looking for a specialist Asia-Pacific (including Japan) manager for a mandate in excess of £80m.
-
News
€5.4bn Pensions Trust re-appoints custodian
UK – The £3.6bn (€5.4bn) Pensions Trust has re-appointed Northern Trust as its global custodian.
-
News
Association of British Insurers’ pension head leaves
UK – Chris Kenny, head of pensions at the Association of British Insurers (ABI), will be leaving the organisation as of tomorrow.
