All IPE articles in December 2007 (Online) – Page 4
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News
Polish gov’t asks EBRD for help over PZU
[15:00 CET 12-12] POLAND – The European Bank for Reconstruction and Development (EBRD) is looking at how it might help resolve the conflict over the privatisation of Polish insurance giant PZU.
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NBIM names Kjaer’s successor
[14:20 CET 12-12] NORWAY - Norges Bank’s executive board has appointed Yngve Slyngstad to succeed Knut N. Kjær as executive director of Norges Bank Investment Management.
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Wednesday people roundup
[14:00 CET 12-12] People roundup GLOBAL – PGGM, Mercer, Watson Wyatt, P-Solve, BlackRock, Punter Southall, F&C, Sinopai, Canada Life.
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News
Sicily, Lombardy and Veneto mull territorial fund
[12:00 CET 12-12] ITALY – The Italian regions Lombardy, Veneto and Sicily are looking at adopting territorial pension fund arrangements similar to PensPlan for the Trentino region.
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Call for portability directive revival
[11:00 CET 12-12] EUROPE – The European Economic and Social Committee (EESC), a European Union consultative body set up in 1957, has called for new discussions on the EU portability directive.
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DG queries 'acting in concert' perception
[17:00 CET 11-12] EUROPE – Members States may be forced to rethink the recent introduction of 'acting in concert' corporate governance rules as European Commissioner Charley McCreevy has suggested some governments could be seen to hamper "legitimate" shareholder "collaboration".
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NewsCorrelated assets drag pensions back into deficit
[16:45 ET 11-12] UK – Defined benefit pensions schemes fell back into deficit in November, according to the UK’s Pension Protection Fund, as the correlation in bond and equity yields falling reduced the value of pensions by £58bn (€81bn) within a single month.
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News
Pensions body seeks charges transparency
[15:45 CET 11-12] DENMARK - Forsikring & Pension, The Danish Insurance Association, has issued voluntary guidelines for pension providers to show customers the real cost of products.
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News
AP4 signs first of new Asian mandates
[15:00 CET 11-12] SWEDEN – Fjärde AP-fonden, the fourth Swedish buffer fund, has mandated BlackRock to manage a Pacific equities index portfolio, as part of a wider plan for its Pacific-based stocks.
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News
Ionis eyes cross-border fund cooperation
[14:00 CET 11-12] FRANCE – Ionis, the €200m French pensions and savings group, is mulling cross-border cooperation with Belgium, Spain, Switzerland and Italy.
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News
Delta Lloyd buys out Friesland Foods scheme
[13:00 CET 11-12] NETHERLANDS - Dairy company Friesland Foods has contracted out the pension claims of 16,000 pensioners and deferred members to insurer Delta Lloyd.
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News
Philips scheme dismantles real estate portfolio
[12:00 CET 11-12] NETHERLANDS – The besieged €14.6bn pension scheme of Dutch electronics major Philips has sold around 15% of its real estate holdings to Dutch real estate investment fund Vesteda.
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News
Mercer Austria names new head
[11:00 CET 11-12] AUSTRIA – Josef Papousek was named chief executive officer of consultancy Mercer’s Austrian operations.
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News
BLBG group targets sub-prime actions
[16:45 CET 10-12] GLOBAL – New York-based law firm Bernstein, Litowitz, Berger & Grossman (BLBG) has launched a separate division within its practice to deal with potential litigation against firms involved in the sub-prime crisis.
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Real estate sought through IPE-Quest mandate
[16:00 CET 10-12] SWITZERLAND – A search has been launched for an investment manager to look after a €10m European real estate mandate, using IPE Quest.
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Paternoster kicks off Christmas flurry with Lasmo
[15:30 CET 10-12] UK – Paternoster, the British pension buyout firm set up by former Prudential chief Mark Wood, is set to announce the acquisition of the £150m (€208m) pension plan Eni Lasmo, the UK oil exploration arm of Italy's Eni SpA.
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News
Credit crisis delays liability hedging business
[15:30 CET 10-12] UK – Delays in the execution of derivatives-based liability hedging strategies, caused by the credit crunch, hinder pension funds in adopting them more widely, says investment consultant Watson Wyatt.
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News
PensionDanmark raises annual costs
[15:00 CET 10-12] DENMARK - Administration costs at Danish labour market pension fund PensionDanmark will rise next year after staying flat for five years, in part to finance the introduction of a new administration system.
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News
PMT repairs 'loss of past buying power'
[14:00 CET 10-12] NETHERLANDS - The industry-wide metal scheme PMT is claiming to be the first to have fully repaired the loss of buying power of the past five years, by granting an indexation of 2.36% for its active members and 2.79% for deferred participants and pensioners.
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News
Elmehagen to leave AMF Pension
[12:50 CET 10-12] SWEDEN – Christer Elmehagen, the chief executive of Sweden’s largest fund company, AMF Pension has said he will leave the company at the end of 2008.
