All IPE articles in December 2007 (Online)
View all stories from this issue.
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News
Randstad goes fiduciary with Kempen
[16:00 CET 21-12] THE NETHERLANDS – The Dutch temping agency company Randstad has appointed the Dutch asset manager Kempen Capital Management (KCM) to manage its €390m pension fund.
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Consultants to help PPF create 'fair' levy
[16:00 CET 21-12] UK - The Pension Protection Fund is in the process of hiring consultancy services to help it develop a new pension scheme levy formula.
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KKR agrees pensions deal in bid for Northgate
[16:00 CET 21-12] UK - Private equity firm Kohlberg Kravis Roberts & Co has agreed a deal with pension trustees as part of its £593m (€744m) takeover offer for Northgate Information Solutions.
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AP2 loses CIO to Nordea
[15:30 CET 21-12] SWEDEN - The Second Swedish Pension Fund has lost its second chief investment officer in less than two years.
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Aargau to pay CHF1.7bn into pension
[14:00 CET 21-12] SWITZERLAND – Standard & Poor’s has awarded the Swiss canton of Aargau the top credit rating ‘AAA’ partly because of the region’s commitment to fully fund its Pensionskasse from next year.
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New platform pleads for life settlement standards
[13:30 CET 21-12] NETHERLANDS – A new Dutch platform for life settlement providers and investors calls for internal regulation and professional standards for the emerging asset class.
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Industriens maintains yield despite returns
[13:00 CET 21-12] DENMARK - Industriens Pension, Denmark’s DKK46.7bn (€6.25bn) industry-wide pension fund, has set its account yield at 6.5% after tax for 2008, despite a fall in investment returns.
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'Rebalancing' nations will prevent global recession - Principal
[11:00 CET 21-12] GLOBAL – Though a global recession is unlikely, developed nations may experience a rebalancing of financial power, a US economist has suggested.
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UBS under pressure over subprime losses
[16:30 CET 20-12] SWITZERLAND – Asset manager Ethos has demanded clarification from Swiss bank UBS about its losses incurred as a result of the credit crunch this year.
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Palmer wins IPE/AIMSE scholarship
[16:30 CET 20-12] EUROPE – Helen Palmer, assistant vice president at RCM in London is the proud recipient of this year’s Investment & Pensions Europe (IPE) scholarship for AIMSE/Wharton Investment Institute 2008.
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ABP and Cordares take first steps to merger (amended)
[15:30 CET 20-12] NETHERLANDS – The Dutch €220bn ABP fund, the industry-wide pension fund for the building industry and the fund for building corporations have effectively announced the first step to a merger by signing a declaration of intent of cooperation.
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Rolls-Royce secure pensions top-up deal
[15:00 CET 20-12] UK - Rolls-Royce Group has completed its payment of £500m (€694.4m) into its three defined benefit pension plans after trustees agreed to a lower risk investment strategy.
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ABN AMRO completes custody sale
[14:30 CET 20-12] Dutch bank ABN AMRO has completed the sale of its 50% stake in ABN AMRO Mellon Global Securities Services to the Bank of New York Mellon.
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Finnish top two take on Nokia
[13:00 CET 20-12] FINLAND – Finnish mobile telephone manufacturer Nokia has today announced it will transfer its €1.2bn statutory pension liabilities to Ilmarinen and Varma in March next year.
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Dutch pension assets "top EU countries"
[12:00 CET 20-12] EUROPE - Dutch pensions assets are highest of all EU countries relative to the nation’s gross domestic product as the amount invested totals 176% of GDP, according to a study.
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PensionsInfo enrols new members
[11:00 CET 20-12] DENMARK - Denmark’s national pensions database PensionsInfo says PFA and other providers have now come on board, bringing it closer to its goal of giving individuals a complete picture of their pension provision.
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Nordea Liv tops Danica yield
[16:30 CET 19-12] DENMARK - Danish commercial pension provider Nordea Liv & Pension has raised the account yield for its with-profits pension customers to 6% from next year, following “marked growth” compared with recent years.
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Unison awards SRI mandate
[15:00 CET 19-12] UK - Unison's Staff Pension Scheme has awarded its £140m (€195m) socially responsible investment equity portfolio mandate to Standard Life Investments.
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Government makes u-turn on high earner pensions tax
NETHERLANDS - The Dutch government has backtracked on its initial plan to limit the fiscal support for the build-up of a pension on incomes of over €185,000.
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Wednesday people roundup
14:00 CET 19-12] GLOBAL – People roundup: OTP, Axa, SEB, Watson Wyatt, Aberdeen, MFS, Partners Group.