Investor Strategy – Page 126
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News
European pension funds continue to shun equities
EUROPE - Pension funds across Europe are continuing to shy away from equity investments despite last year’s recovery of the global equity market.
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News
Donner to give pension funds more leeway on recovery
NETHERLANDS - Dutch pension funds will be given more time to submit recovery plans during times of financial crisis, so they can avoid the effects of volatile markets.
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Dutch pensions industry warns of 'communications bottleneck'
NETHERLANDS - The Dutch pension sector is becoming increasingly worried about the effectiveness of pensions communication when it comes to explaining new pension contracts to their participants.
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NewsDutch pension bodies call on government to limit reforms
NETHERLANDS - The Dutch pension fund lobbying organisations have called on a new Dutch government to hold back from adding further pension regulations, as fundamental system changes would be seen as risky to an already under pressure sector.
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Donner seeks to dissuade from allowing pensioner board members
NETHERLANDS - Social affairs’ minister Piet Hein Donner has advised Parliament against allowing pensioners onto the board of industry-wide pension funds at this time.
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Swiss Migros sticks to DB but changes pension parameters
SWITZERLAND – The Swiss retailer Migros has decided to maintain a defined benefit scheme in its Pensionskasse but increase the retirement age.
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NewsUK DC schemes increase focus on specialist funds
UK – A third of defined contribution (DC) schemes in the FTSE 100 have altered their investment strategy in the past year, and included a greater use of more specialised investment funds.
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NewsDutch retirement age rose sharply in 2007
NETHERLANDS - The average retirement age of Dutch workers quickly rose by one year to 62 in 2007, according to Statistics Netherlands (CBS).
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NewsNorway proposes reduction of active management for Global fund
NORWAY - The ministry of finance in Norway proposes to reduce active management for the country’s giant NOK2.76trn (€342bn) Government Pension Fund Global.
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German SMEs see declining pension interest
GERMANY – Only half of German employees show some or considerable interest in occupational pensions, a Standard Life survey of 270 companies has found. The number is down from 64% last year.
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NewsUK roundup: PPF, Taylor Wimpey, GP Noble fraud charges, ONS
UK – The Pension Protection Fund (PPF) has initiated a search for a panel of infrastructure investment managers and Taylor Wimpey has awarded a global custody mandate for its UK scheme.
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News
NAPF welcomes planned long-dated gilt issuance by UK Treasury
UK – The National Association of Pension Funds (NAPF) has welcomed Treasury plans to concentrate the next 12 months’ gilt issuance on longer-dated and index-linked paper.
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News
Consultants criticise UK DC providers - webcast
UK – Defined contribution (DC) product providers have been criticised by pension consultants in an IPE webcast for failing to develop products that savers need.
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News
EFAMA calls for action on long-term savings
EUROPE – The European Fund and Asset Management Association (EFAMA)has set out a blueprint for action on long-term savings and retail product distribution within the EU.
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News
Structured products regain trust with German pension funds
GERMANY – Retirement vehicles in Germany are showing increased interest in structured products, hedge funds and infrastructure as well as LDI and SRI, a recent survey by IPE Institutional Investment reveals.
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News
Institutional investors looking to Asia, says survey
GLOBAL - Global financial institutions are planning to expand their allocation to Asian asset classes to get better returns and improved diversification, according to new research.
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News
Policy must remain prerogative of a scheme’s board - ABP
NETHERLANDS - The €208bn civil service scheme ABP says it is essential that a pension fund’s board keeps its discretionary competence for decisions about policy on contributions, indexation and investment.
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News
DC plans should review fiduciary responsibilities - State Street
GLOBAL – Fiduciary roles in defined contribution (DC) schemes need to be "viewed in a new light" with a possible move from an advisory approach to adopting comprehensive best practices, according to findings from State Street's latest Vision report on pensions.
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News
Achmea smokes out a fiduciary deal with cigar scheme
NETHERLANDS - The €130m pension fund for the cigar industry has renewed its contract with pensions provider Syntrus Achmea and also signed up for fiduciary services.
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News
Market upturn failed to increase DAX-related pensions' funding levels
GERMANY – The funding levels of pension schemes at Germany’s top stock market-listed companies have not improved despite last year’s market rally, consultancy firm Mercer has found.
