All IPE articles in December 2009 (Online)
View all stories from this issue.
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NewsDanish schemes invest €100m in renewable energy
[16:45 CET 23-12] DENMARK - Three Danish pension funds, PensionDanmark, PBU and AP Pension have joined forces to invest DKK750m (€101m) in renewable energy projects, including a group of Spanish solar-cell parks which benefit from a 30-year state-backed price guarantee for the energy they produce.
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NewsDonner seeks to reduce level of non-pensioned workers
[16:00 CET 23-12] NETHERLANDS - Social affairs’ minister Piet Hein Donner wants to reduce by 50% the number of workers who are not saving for retirement through a pension fund or an insurer.
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NewsWithout risk there is no need for funded systems – VFPK
[15:30 CET 23-12] GERMANY – Funded pension vehicles need to take some risks to ensure added value for employees, says Peter Hadasch, head of the German federation of company pension schemes VFPK.
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NewsKLM scheme to grant 2.5% indexation
[15:15 CET 23-12] NETHERLANDS - The €5bn pension fund for KLM flight staff will grant all its participants a full indexation of 2.5%, following the relevant salary index.
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NewsNot a good time for interest rate matching - IPE survey
[15:00 CET 23-12] EUROPE - Now is not a good time to use assets to match interest rate risk in a liability-driven investments (LDI) strategy. Bond yields are too low and assets are better employed seeking yield elsewhere, according to 61.5% of pension funds responding to an IPE survey.
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NewsWednesday people roundup
[14:30 CET 23-12] GLOBAL – Union Investment, Gothaer Asset Management, Swiss Canton of Wallis (PKWAL), IVG Immobilien AG.
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NewsUK, Danish and Swiss investors launch manager search (updated)
[13:30 CET 23-12] IPE QUEST – Three institutional investors, including two European pension funds, are looking to hire asset managers for specialist investment mandates, using IPE Quest.
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NewsIndustry predictions for 2010
[13:00 CET 23-12] GLOBAL – The last 12 months has seen a significant amount of volatility in investment markets, starting the year with large market falls but ending with a mostly strong recovery. But what do the industry experts predict for 2010?
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NewsPPF appoints global equity managers
[16:30 CET 22-12] UK – The Pension Protection Fund (PPF) has confirmed the appointment of seven global equity managers to help manage its assets.
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NewsSSgA wins Clwyd absolute return mandate
[16:00 CET 22-12] UK – Flintshire County Council has appointed State Street Global Advisors (SSgA) to run a £20m (€22.4m) absolute return mandate for the Clwyd Pension Fund.
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NewsPfZW hopes to secure new pensions contract in 2010
[14:00 CET 22-12] NETHERLANDS – Officials at PfZW, the €81.9bn industry-wide pension fund for Dutch healthcare workers, are hoping by next summer to have completed a three-year bid to secure a new pensions contract for all of its members and partners.
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NewsSwiss Alcan pension secures recovery plan
[13:30 CET 22-12] SWITZERLAND – The Swiss multi-employer fund Alcan will be levying additional contributions next year, under a new head who has yet to be named.
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NewsBAT pension is latest to sue State Street
[13:00 CET 22-12] NETHERLANDS - The €450m Dutch pension fund of British American Tobacco is suing State Street Bank and Trust for losing €39m of its assets through the collapse of bank Lehman Brothers.
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NewsUsual suspects top list of nations needing pension reform
[12:00 CET 22-12] EUROPE – Greece, Slovenia and Spain have topped a list compiled by Allianz Global Investors (AGI) of the most unsustainable pensions systems in Europe.
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NewsDutch Nutreco scheme could impose 3% benefits cut
[16:45 CET 21-12] NETHERLANDS - The €244m pension fund of animal nutrition company Nutreco will cut the pension rights of its participants by 3.1% in 2012, if its five-year recovery plan does work out as anticipated.
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NewsGreece to face pensions reform in April 2010
GREECE - The Greek government is expected to publish a new law designed to tackle its ailing social security system in April 2010.
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NewsUK roundup: ONS and Public Sector Pensions Commission
[14:00 CET 21-12] UK – The net investment of self-administered pension funds fell by £7.9bn (€8.9bn) in the third quarter of 2009 to total just £2.8bn, the Office of National Statistics has revealed.
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NewsDelta Lloyd Germany secures pensions consultancy buyout
[13:00 CET 21-12] GERMANY – The German Delta Lloyd group is severing its pension consultancy arm BVE via a management buy-out.
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NewsPKA eyes the impact of social networking on pensions
[12:30 CET 21-12] DENMARK – Danish pension provider PKA has been investigating the pros and cons of using internet-based social networking as part of its pensions communications strategy, after discovering its members talk about its services online.
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NewsBelgium's Amonis signs JP Morgan
BELGIUM - Amonis OFP, the largest pension fund for health care workers in Belgium, has employed JP Morgan Worldwide Securities Services business to provide custody and investor services.
