All IPE articles in December 2008 (Online) – Page 2
-
NewsPanAgora to cut link with Union 'because'
[16:45 CET 18-12] GERMANY/US – Union PanAgora, the quantitative investment management boutique jointly owned with Union Investment and PanAgora Asset Management, will have a new name from next year as PanAgora is pulling of the venture.
-
NewsSiemens opens Pensionskasse
[15:10 CET 18-12] AUSTRIA – The Austrian branch of international group Siemens is planning to turn its Pensionskasse into a multi-employer fund.
-
NewsAPW expands inflation bonds margin
[18-12] NETHERLANDS - The €678m pension fund of media company Wegener (APW) has widened the investment window for inflation-linked bonds, as part of a recovery plan to tackle underfunding.
-
NewsUK life expectancy to 'level off' from 2021
[14:00 CET 18-12] UK – Life expectancy at the UK state pension age (SPA) will begin to "level off" between 2021 and 2051 for the average person, although members of the lower socio-economic groups, such as unskilled workers, could see life expectancy decline.
-
NewsPensions risk eyed with short-term view
[16:45 CET 17-12] GLOBAL – Pensions risk is viewed primarily as a short-term financial risk and changes to pensions strategies are being increasingly driven by corporate accounting, according to the latest study by Hewitt Associates.
-
NewsPensions accounting should not aim to keep schemes open
UK – The Chartered Institute of Management Accountants (CIMA) has warned pension accounting standards should not be "artificially engineered" to help keep defined benefit schemes open.
-
NewsBankPension to collaborate with letpension
[16:20 CET 17-12] DENMARK – BankPension has entered into a "strategic co-operation" with the individual pension company letpension to establish a joint management company.
-
NewsWednesday people roundup
[16:00 CET 17-12] People roundup: Nordea, UBS, Hewitt Associates, APAPR, Partners Group, Mandarine Gestion, Affiliated Managers Group, Mercer
-
NewsPolish funds deliver worst result ever
POLAND – Assets in polish pension funds were down -6.8% in October alone, making it the worst month in the history of the system.
-
NewsTPR outlines protection against new powers
[16:00 CET 17-12] UK – The Pensions Regulator (TPR) has initiated a consultation on the code of practice for applying the "material detriment test" when deciding whether to issue a contribution notice.
-
NewsGovernment to take on Royal Mail deficit
[13:00 CET 17-12] UK – The government has agreed with recommendations from an independent panel that it should take responsibility for Royal Mail's historic pension liabilities, as its deficit is currently estimated at £5.9bn (€6.6bn) and is making the firm "balance sheet insolvent".
-
NewsRCM sees assets drop by 32% but stays ahead
[17:05 CET 16-12] AUSTRIA – Raiffeisen Capital Management (RCM) suffered outflows and losses of €12.2bn in the first 10 months of this year but maintained its market leadership, officials have claimed.
-
NewsScandinavian fund seeks equity managers
[17:00 CET 16-12] NORDICS – An industry-wide Scandinavian pension fund is looking for managers for three equity mandates worth at least €115m, using IPE Quest.
-
NewsFortis Investments remains under state control
[17:00 CET 16-12] BELGIUM – Fortis has confirmed its asset management arm will remain under state control, following a Brussels’ Court of Appeal ruling freezing the sale of Fortis Bank's Belgian assets to French bank BNP Paribas.
-
NewsBallendux goes it alone
[16:55 CET 16-12] NETHERLANDS – Frans Ballendux, the former business leader of Mercer Investment Consulting in the Netherlands, has said he will depart from Mercer to start his own investment consultancy business.
-
.jpg)
NewsGoldman sees revenue fall but AM holds firm
[16:50 CET 16-12] GLOBAL – Goldman Sachs has recorded its first ever quarterly loss, since the company floated in 1999 of over $2bn (€bn) but a breakdown of the fourth quarter figures reveals its asset management division is still generating record fees and revenue.
-
NewsEarlier access sought to tax-free sum
[16:30 CET 16-12] UK – A minister of the UK upper parliamentary chamber is calling on the government to alter pensions legislation and allow defined contribution pensionholders access to some of the assets during times of need.
-
NewsBPF Schilders postpones indexation
[15:35 CET 16-12] NETHERLANDS - BPF Schilders, the pension fund for the painting, glazing and finishing sector, will not grant its members an indexation payment in the short-term, but will reconsider its decision next summer.
-
NewsThousands face pension cut following Xafinity blunder
[15:30 CET 16-12] UK – The UK government has admitted tens of thousands of ex-servicemen, former NHS employees and teachers, and other former public service industry workers now face an pensions cut, following a blunder on indexation connected to Xafinity Paymaster.
-
NewsMadoff fraud hits pension funds
[17:05 CET 15-12] GLOBAL – As the list of investors hit by Bernard Madoff’s scam grows, it has emerged pension funds have also been hit by the alleged $50bn Ponzi scheme.
