All IPE articles in December 2009 (Online) – Page 6
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NewsBlackRock completes BGI takeover
[16:30 CET 02-12] GLOBAL – BlackRock has finally completed the deal to buy Barclays Global Investors (BGI) and ETF provider iShares from Barclays Group, making it the largest asset manager in the world.
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NewsDanish pension funds face up to Israeli investments
[16:15 CET 02-12] DENMARK - Danish pension companies PKA and PensionDanmark have defended their controversial Israel-linked investments in the face of public criticism, while Danica Pension has said it may divest several of the holdings.
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NewsState Street acquires Mourant to build alternatives presence
[16:00 CET 02-12] GLOBAL – State Street Corporation has made a fresh move to build its presence in the global administration market and acquired alternative investments fund administrator Mourant International Finance Administration (MIFA) in a cash deal.
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NewsLack of client demand hinders ESG growth - consultants
[15:30 CET 02-12] GLOBAL – Investment consultants deem the lack of explicit client demand to be a barrier preventing quicker development of environmental, social and governance (ESG) services offerings, according to a survey conducted by the European Sustainable Investment Forum (Eurosif).
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NewsRomania moves to cut pensions monopoly
ROMANIA – The two largest funds in the Romanian second pillar will not be handed new clients from the pensions default pool over the next two years, the supervisory authority has decreed.
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NewsTPR targets smaller schemes with revised risk guidance
[13:30 CET 02-12] UK – The Pensions Regulator (TPR) has highlighted seven risk areas where trustees need to improve when assessing the internal risk and controls framework for the scheme.
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NewsWednesday people roundup
[13:00 CET 02-12] GLOBAL – ÖPAG, Danish Money and Pensions Panel, Cardano UK, International Asset Management, RBC Capital Markets
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NewsPFA expands into Danish retail pensions
[16:55 CET 01-12] DENMARK – Danish occupational pension provider PFA Pension has taken its first step into the retail pensions market, and linked up with Danish local and regional savings banks to provide private pensions.
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NewsAP3 targets corporate credit managers
[16:50 CET 01-12] SWEDEN – Tredje AP-fonden (AP3), the third Swedish National Pension Fund is seeking a number of corporate credit bond managers for its SEK188.6bn (€18.1bn) fund.
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NewsUK governance code to target investor communication
[16:45 CET 01-12] UK – The existing UK Combined Code on corporate governance remains "broadly fit for purpose" but additional proposals relating to the role of the chairman and non-executive directors have been suggested by the Financial Reporting Council (FRC).
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NewsOfcom review questions BT pension holidays
[16:40 CET 01-12] UK – Ofcom, the UK regulator of the communications industry, has questioned the role of pension contribution holidays taken by BT in the 1990s, as part of a consultation to assess whether other telecoms firms should now help plug the BT Pension Scheme deficit.
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NewsDeutsche Bank opens cross-border pension vehicle to clients
[15:45 CET 01-12] GERMANY – Deutsche Bank has created a cross-border asset-pooling vehicle for its own pension assets, and is now inviting clients to join too.
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NewsIASB corrects 'unintended consequences' of IFRIC 14
[15:15 CET 01-12] GLOBAL – The International Accounting Standards Board (IASB) has corrected earlier wording to its IFRIC 14 pensions accounting rules, which prevented some companies from recognising early pensions contribution payments as assets on the balance sheet.
