All IPE articles in December 2009 (Online) – Page 3
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NewsWednesday people roundup
[14:15 CET 16-12] GLOBAL – T. Rowe Price, Legal & General IM, Icelandic Enterprise Fund, Hermes, Kirstein Finans, Pictet AM, Pioneer Investments, Buchanan Street Partners, Pioneer Investments, Mercer, Watson Wyatt, Vereniging Achmea, CBRE Investors
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NewsUK industry warns CDC schemes should not be 'closed off'
[13:15 CET 16-12] UK – The UK government has been criticised by pensions industry bodies and trade unions for "closing off" the possible introduction of collective defined contribution (CDC) pension schemes in the UK.
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NewsUS pension fund files lawsuit over Goldman bonuses
[17:00 CET 15-12] UNITED STATES – A US pension fund has filed a lawsuit against investment banking giant Goldman Sachs which could act as a test case for investors concerning bonus payments and remuneration to staff.
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NewsBNY Mellon extends its skills in outsourcing
[16:35 CET 15-12] GLOBAL – BNY Mellon Asset Servicing, the investor services and custody provider, is extending the use of its technology to create a dedicated outsourcing business alongside its growing data delivery and information management.
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NewsBerkshire completes first LGPS longevity deal
[16:15 CET 15-12] UK – The Royal Borough of Windsor and Maidenhead (RBWM) has completed the first longevity hedging deal for a local government pension scheme (LGPS).
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NewsPoland to ease pensions investment rules (amended)
POLAND – As part of the plan to divert some contributions from the second pillar to the first investment regulations for open pension funds (OPFs) would be loosened, IPE learnt.
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NewsHermes brings closer pensions alignment in Sourcecap buy
[15:30 CET 15-12] GLOBAL – Hermes Fund Managers is stepping up its position as an equities manager and at the same time strengthening pension fund links by buying a majority stake in asset management specialist Sourcecap.
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NewsAP1 targets 12 managers for US small caps
[16:00 CET 15-12] SWEDEN: Första AP-fonden (AP1), the First Swedish National Pension Fund, has approved a list 12 investment managers to manage passive and active US small cap equity accounts.
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NewsNorway Global hits NOK 2.6trn in November
[15:45 CET 15-12] NORWAY – The value of investments in the Norway Government Pension Fund – Global increased to NOK2.6trn (€305.6bn) by the end of November after a brief dip in value the previous month.
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NewsTPR review delays additions to trustee register
[16:30 CET 14-12] UK – Individual and corporate independent trustees wishing to apply to be placed on The Pension Regulator's (TPR) trustee register will have to wait until updated assessment criteria is published in the second quarter of next year.
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NewsSolvency thaw lifts returns for Finnish pensions
[16:15 CET 14-12] FINLAND - The solvency levels of Finnish pension insurance companies were significantly boosted in the third quarter of this year as a result of improved investment returns, much like those enjoyed among pension funds across Europe.
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NewsBA deficit exceeds €4bn as trustee chair steps down
[16:00 CET 14-12] UK – British Airways has announced it has a combined pensions deficit of £3.7bn (€4.1bn) in its two defined benefit (DB) schemes, but it has at least reached a provisional agreement with trustees over its actuarial calculations.
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NewsYates to resurface at Pioneer
[15:45 CET 14-12] GLOBAL – Former Henderson Group chief Roger Yates is to take over as the head of Pioneer Investments, following Frigerio’s departure in January.
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NewsDutch company pensions lag on ESG take-up
[15:30 CET 14-012] NETHERLANDS - Company pension funds are still lagging behind their other Dutch colleagues in their use of sustainable investments, according to the Association of Investors for Sustainable Investment (VBDO).
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NewsTata becomes only candidate in UK personal accounts bid
UK – The Personal Accounts Delivery Authority (PADA) has confirmed Great-West Retirement Services (Europe) Ltd has become the third company to withdraw from the competitive dialogue process to provide scheme administration services for personal accounts, leaving just Tata in the running for the contract.
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NewsTPR accused of 'scaremongering' over enhanced transfers
[16:30 CET 11-12] UK – Consultants have hit out at the Pension Regulator's (TPR) tougher stance on enhanced pension transfer values, and accused it of "scaremongering" or at best of being "unhelpful".
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NewsOfgem goes ahead with 15yr DB funding period
[16:15 CET 11-12] UK – Ofgem, the UK energy regulator, is to continue with plans to apply a 15-year optional funding period across all energy companies, in a bid to recover the cost of pension deficits from customers.
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NewsIcelandic pensions establish private equity fund
[16:10 CET 11-12] ICELAND – Sixteen Icelandic pension funds have co-founded the Icelandic Investment Fund (Framtakssjóður Íslands), which is designed to invest in domestic companies that have suffered in the financial crisis but which show potential.
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NewsPensions funds still wary of economic cycle challenges
[16:00 CET 11-12] EUROPE – Pension funds consider equity risk, interest-rate risk and the economic cycle to be the most significant challenges they face at present, according to the Committee of European Insurance and Occupational Pension Supervisors (CEIOPS).
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NewsStrong gains allow Industriens to pay 6%
[16:00 CET 11-12] DENMARK - Industriens Pension is boosting the account dividend it pays scheme members to 6% next year, as a result of the high returns it made on shares and corporate bonds this year.
