All IPE articles in December 2009 (Online) – Page 4

News
Yates to resurface at Pioneer

2009-12-14T14:45:00Z

[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.
News
BA deficit exceeds €4bn as trustee chair steps down

2009-12-14T15:00:00Z

[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.
News
Solvency thaw lifts returns for Finnish pensions

2009-12-14T15:15:00Z

[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.
News
TPR review delays additions to trustee register

2009-12-14T15:30:00Z

[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.
News
Norway Global hits NOK 2.6trn in November

2009-12-15T14:45:00Z

[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.
News
AP1 targets 12 managers for US small caps

2009-12-15T15:00:00Z

[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.
News
Hermes brings closer pensions alignment in Sourcecap buy

2009-12-15T15:00:00Z

[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.
News
Poland to ease pensions investment rules (amended)

2009-12-15T15:00:00Z

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.
News
Berkshire completes first LGPS longevity deal

2009-12-15T15:15:00Z

[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).
News
BNY Mellon extends its skills in outsourcing

2009-12-15T15:35:00Z

[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.
News
US pension fund files lawsuit over Goldman bonuses

2009-12-15T16:00:00Z

[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.
News
UK industry warns CDC schemes should not be 'closed off'

2009-12-16T12:15:00Z

[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.
News
Wednesday people roundup

2009-12-16T13:15:00Z

[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
News
FRR to offset its own carbon footprint

2009-12-16T15:10:00Z

[16:10 CET 16-12] FRANCE – Officials at the French national pension reserve fund, FRR, are moving to limit the impact of the body’s own greenhouse gas (GHG) emissions, by investing in a Latin American ESG project generating green energy.
News
Cadbury completes £500m buy-in with PIC

2009-12-16T15:15:00Z

[16:15 CET 16-12] UK - Trustees of the £2bn (€2.2bn) Cadbury Pension Fund have agreed a buy-in for around £500m of their pensioner liabilities with Pension Insurance Corporation (PIC).
News
PGGM unveils new executive structure

2009-12-16T15:35:00Z

[16:35 CET 16-12] NETHERLANDS – PGGM, the asset manager created out of the PfZW pension fund for Dutch healthcare workers, has reworked its management structure to focus on core activities.
News
DNB condemns 'insufficient' pensions risk management

2009-12-16T15:55:00Z

[16:55 CET 16-12] NETHERLANDS – Dutch pensions regulator De Nederlandsche Bank and the pension fund industry bodies are to overhaul pensions risk management, as a DNB study found several pension funds have underestimated investment risks and are paying insufficient attention to governance.
News
Ownership rights hinder Russian pensions reform

2009-12-16T16:05:00Z

[17:05 CET 16-12] RUSSIA - The Russian legal system is hindering the progress of the country’s pensions reforms, according to a minister from the Department for National Health Services and Social Welfare.
News
Etera's managing director resigns

2009-12-17T14:15:00Z

[15:15 CET 17-12] FINLAND - Kalevi Hemilä, managing director of Finnish pension insurance company Etera, has resigned and will be leaving at the end of the year for health reasons.
News
Dutch trade union heads flurry of new entrants into PfZW

2009-12-17T14:30:00Z

[15:30 CET 17-12] NETHERLANDS - The €450m pension fund of trade union FNV has signed a deal to transfer its members and assets into the PfZW industry-wide healthcare scheme, and others are expected to follow in the near future.