All IPE articles in December 2010 (Online)
View all stories from this issue.
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News
Cross-border pension fund launches stagnated in 2010, says CEIOPS
EUROPE – New figures released by the Committee of European Insurance and Occupational Pensions Supervisors (CEIOPS) show that the number of cross-border IORPs stagnated in 2010, with a net gain of only two new launches.
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Loophole could exclude thousands of members UK PPF, says Hammonds
UK – A legal loophole that saw a pension scheme recently refused admission to the UK's Pension Protection Fund (PPF) must be addressed, or thousands of scheme members could be affected, law firm Hammonds has warned.
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Swiss investor seeks exposure to Chinese market
IPE QUEST – A Swiss institutional investor is seeking to award a $500m (€367m) real estate mandate to managers specialising in the Chinese market, using IPE Quest.
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Danish schemes maintain account dividends after 'good' year
DENMARK – Denmark's biggest commercial pension providers are holding their account dividends at this year's level, citing good investment results for 2010 as well as the level of reserves.
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Dutch cross-border IORP could launch 15 new schemes in a year
NETHERLANDS – As many as 15 new defined contribution (DC) schemes could open by the end of next year following the introduction of the cross-border Premium Pension Institution (PPI) in the Netherlands, Mercer has predicted.
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Two-thirds of ETF assets held in top 100 vehicles, says BlackRock as US breaks $1trn
GLOBAL – Almost two-thirds of all assets in exchange-traded funds (ETFs) are held in the 100 biggest vehicles, new data by BlackRock has revealed.
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Wednesday people roundup
GLOBAL – ATP, BNP Paribas Real Estate, ISLA, LD Pension, Russell Indexes, Stork Pension Fund, Syz & Co
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Denmark's Industriens reduces expected pensions due to longevity
DENMARK – A major Danish pension fund is reducing expected pension income for members, as it and other funds react to the regulator’s demand for longevity-related adjustments.
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NAPF calls for career average pensions in UK local government schemes
UK – Career-average pensions are the way forward for the public sector, the National Association of Pension Funds (NAPF) has argued in its submission to the Hutton Review.
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ATP's Graven Larsen leaves fund for role at FIH Erhvervsbank
DENMARK – Bjarne Graven Larsen is to leave his position as chief investment officer of Denmark’s largest pension fund ATP in the New Year.
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OECD calls on Spain to reform pension system, increase retirement age
SPAIN – Spain has been urged by the Organisation for Economic Co-operation and Development (OECD) to reform its pension system and increase retirement age in an effort to combat a deficit of over 9%.
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NEST to tender SRI mandate, confirms ethical investment option
UK – The National Employment Savings Trust (NEST) is tendering for a global equity socially-responsible investment (SRI) manager after confirming members will be offered an SRI fund as one of several investment options.
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UK PPF appoints LaSalle, CB Richard Ellis to global real estate mandates
UK – The UK Pension Protection Fund (PPF) has appointed La Salle Investment Management and CBRE Investors to develop its global real estate strategy.
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LPFA chief executive Taylor urges creation of new UK regulator, mergers of schemes
UK – The £3.8bn (€4.5bn) London Pensions Fund Authority (LPFA) has called for the creation of a new regulatory body to oversee the funding ratios of all local government pension schemes (LGPS).
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CEO of Danish LD Pension to stand down in May
DENMARK – The chief executive of Danish pensions institution LD will step down next year, having steered the company through its split into two management groups as well as its recent DKK40bn (€5.4bn)investment management tender.
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PGGM appointed by Dutch culture fund, buys former provider
NETHERLANDS – The €400m pension fund for workers in the arts and culture sector, Pensioenfonds Cultuur, has appointed PGGM as its pension provider.
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Official Dutch longevity predictions undercut actuaries
NETHERLANDS – Statistics Netherlands (CBS) has estimated a less drastic increase in longevity for the Dutch population than previously forecast by the Actuarial Society (AG).
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PGGM to purchase stake in UK offshore wind farm
NETHERLANDS – Dutch asset manager PGGM has acquired a 25% share in a wind farm under construction in the Irish Sea for £16m (€19m).
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Quarter of UK businesses unprepared for auto-enrolment, says Aon Hewitt
UK – Nearly a quarter of UK businesses have not yet considered the implications of auto-enrolment on their schemes, according to new research from Aon Hewitt.
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Gartmore in speculation on Henderson bid
UK – The share price of investment manager Gartmore this morning slumped 9.3% from its Friday close following speculation that Henderson Global Investors would bid 95p per share to acquire the beleaguered manager before the end of the year.