All IPE articles in December 2009 (Online) – Page 5
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NewsStrathclyde drops bonds managers for absolute returns
[16:10 CET 07-12] UK – Glasgow City Council has replaced incumbent managers Henderson New Star and Western Asset Managers as holders of the Strathclyde Pension Fund’s bonds contracts, in favour of two new managers with absolute returns bond mandates.
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NewsSweden’s AP funds should be merged - report
[16:45 CET 07-12] SWEDEN - A report has been published by an independent think-tank from within the Swedish Ministry of Finance suggesting the country’s first four pension buffer funds should be merged into one, to achieve scale advantages and potentially boost assets by SEK1bn (€958m) annually.
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NewsPension funds weakened corporate recovery – Watson Wyatt
[16:20 CET 07-12] UK - Deficits in final salary pension schemes are making it much harder for UK companies to restructure and prepare themselves for an economic recovery, according to research by Watson Wyatt and the UK employers organisation the CBI.
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NewsDB Advisors predicts interest rate and accounting change
[16:00 CET 07-12] EUROPE – Georg Schuh, chief investment manager at DB Advisors, has sought to lift some of the worries that German pension have about their bond yields and predicted the US Federal Reserve will increase interest rates by next year.
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NewsUK roundup: Warwick University, Bangor University, Lloyds TSB
[15:45 CET 07-12] UK – Warwick University, Bangor University and Lloyds Banking Group are the latest organisations to announce changes to their final salary pension schemes, in a bid to make them more sustainable.
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NewsFirst Quench heads for PPF assessment
[15:30 CET 07-12] UK – The First Quench Pension Scheme is in the process of entering the Pension Protection Fund (PPF) assessment period, following the collapse of the sponsoring employer First Quench Retailing, formerly known as Threshers.
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NewsInvestors uncertain about private equity future
[15:30 CET 07-12] The latest quarterly Global Private Equity Barometer from Coller Capital suggests European institutional investors have mixed feelings about the asset class. Half said they have an unfavourable view of private equity and few expect the bumper bull market returns to come back, but a big majority say ...
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NewsDonner considers use of professional pension trustees
[17:15 CET 04-12] NETHERLANDS - Social affairs minister Piet Hein Donner is considering whether to allow professional trustees to sit on Dutch pensions board or even make up the entire board to increase the expertise.
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NewsConsultancy sees Pensionsfonds growth
[17:05 CET 04-12] GERMANY – New accounting rules and a higher levy charged by Germany's PSV pension insolvency fund could boost interest in the creation of Pensionsfonds, according to Febs Consulting in Munich.
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NewsIrish pension reforms may wait until 2014
[16:55 CET 04-12] IRELAND – Mary Hanafin, minister of Irish social and family affairs, said the national pensions framework will be published in the next few months but admitted the implementation of Irish pension reforms could be delayed until 2014.
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NewsFinland's Keva appoints new CEO
[16:45 CET 04-12] FINLAND - The Local Government Pension Insitution (Keva) has appointed Merja Ailus as its new chief executive.
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NewsInvestors call for climate change clarity ahead of Copenhagen Summit
[16:30 CET 04-12] GLOBAL – Institutional investors are being encouraged to call on governments to deliver clarity on national climate change policies and transparency on market signals ahead of the COP 15 United Nations Climate Change Conference, or Copenhagen Summit, next week.
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NewsTowers Watson merger gains EC clearance
[16:00 CET 04-12] GLOBAL – Towers Perrin and Watson Wyatt have been given the final regulatory clearance needed to go ahead with merger plans from the beginning of next year.
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NewsUK roundup: Environment Agency, Logica and Vodafone
[17:10 CET 03-12] UK – The Environment Agency is seeking global bond managers for its £1.4bn (€1.5bn) active pension fund.
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NewsOne in four German institutions replaced managers post-crisis
[17:05 CET 03-12] GERMANY – German ratings agency Feri has found some German institutional investors have replaced their asset managers in the wake of the recent financial turbulence.
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NewsSNPF appoints Aegon for fixed income
[16:55 CET 03-12] NETHERLANDS – The €1bn Stichting Notarieel Pensioenfonds (SNPF) has awarded Aegon Asset Management a mandate to run part of its fixed income allocation and provide a fixed income overlay for an existing loans portfolio.
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NewsTories to review means-testing with personal accounts
[16:50 CET 03-12] UK – Theresa May MP, the shadow secretary of state for work and pensions, has stated the current UK government's failure to address the impact of means-testing on the 2012 pension reforms will be one of the issues it will include in a review of the personal ...
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NewsPension age rise criticised as Donner submits Bill
[16:45 CET 03-12] NETHERLANDS - Social affairs minister Piet Hein Donner has submitted his bill to parliament proposing a rise in the state pension (AOW) age from 65 to 67, despite criticism from the government’s most senior advisory body the Raad van State (RvS).
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NewsDB deficits at Irish firms hit €5.4bn
[13:30 CET 03-12] IRELAND – The combined defined benefit (DB) pension deficits of Irish quoted companies increased by almost 15% between January and October to €5.4bn, according to research by Attain Consulting.
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NewsFrigerio to step down as head of Pioneer
[13:00 CET 03-12] EUROPE – Unicredit Group is preparing to name a new chief executive at Pioneer Investments, its asset management division, over the coming days as Dario Frigerio is leaving in January.
