Investor Strategy – Page 128
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News
PNO Media to launch its own provider
NETHERLANDS - The €2.9bn pension fund PNO Media is planning to spin off its services into a separate pension provider, so it can offer its members more than pension products.
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Shell UK pension limits active equities in passive shift
[16:35 CET 01-03] UK – The £10.5bn (€11.65bn) Shell UK Contributory Pension Fund (SCPF) is moving more towards passive management and has placed a cap on active equities, following the completion of an asset liability review.
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ÖPAG rebrands as Valida Pension
[15:45 CET 01-03] AUSTRIA – Valida is the new name for the retirement holding and its subsidiaries like ÖPAG, officials announced today.
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Norway-Global given top-line real estate guidelines
[15:40 CET 01-03] NORWAY - The Norwegian Ministry of Finance has today revealed the Government Pension Fund-Global will in future be invested in real estate as planned, albeit investments will be made over a long period of time, in a bid to reduce risk.
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NewsMn Services implements client improvement plan
[15:30 CET 01-03] NETHERLANDS - Mn Services, the €56bn fiduciary manager owned by the PME and PMT pension funds in the Netherlands, is finalising a strategy to improve its overall service to clients and will introduce a dynamic asset allocation model.
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News
Eircom DB changes will eliminate deficit
[16:45 CET 26-02] IRELAND – Eircom, Ireland’s largest telecoms operator, has agreed a deal with its trade unions that it claims will clear the pension deficit of €407m.
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Share of long-only investments will reduce – APK
[16:00 CET 26-02] AUSTRIA – Officials at the Austrian multi-employer pension fund APK say the crisis has led them to move its assets further away from long-only benchmark investment, although the old investment categories will still continue to exist.
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Swiss AHV seeks consultant ahead of asset search
[16:55 CET 25-02] SWITZERLAND – The Swiss first pillar buffer fund AHV is looking for an investment consultant to take over a wide range of services including looking at “new asset classes” and providing “forecast analysis”.
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Pension funds to raise equity exposure in 2010
EUROPE - Investors are regaining their trust in equities and many pension funds plan to increase their holding in listed stocks over the course of the year, a study supported by IPE has revealed.
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News
KPN Pensioen alters its lifecycle product
[13:00 CET 24-02] NETHERLANDS – The hybrid pension scheme of Dutch telecoms provider KPN is altering the asset allocation strategy of its lifecycle fund from April, in a bid to improve the risk control of members’ assets as they head towards retirement.
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News
AP3 alters strategy after improved returns
SWEDEN – The first four AP-funds in the Swedish pension system between them produced an average return of 19.4% in 2009, equivalent to a net profit of SEK 133.8bn (€13.6bn), to bring the total vlaue of assets to SEK 808.8bn.
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AKA calls for legal certainty in German provincial pensions
[16:50 CET 18-02] GERMANY - A key figure at the German association of local and church pension schemes (AKA) has claimed postponing funded pension schemes because of the financial crisis could be detrimental to trust in the pensions system.
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News
MetallRente and Nokia/Siemens 'content' with 2009 returns
[16:30 CET 18-02] GERMANY – The CTA of the Nokia Siemens Networks achieved a 7.3% return on investments last year while the multi-employer scheme MetallRente managed between 4.5% and 5.1% in 2009.
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News
Germany's BVK to increase external management
GERMANY – BVK, the €45bn collective retirement vehicle for over 1.5 million self-employed people and employees in Bavaria, will be fine-tuning each one of its 12 portfolios as part of changes to its strategic asset allocation (SAA) and increasing external management.
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News
UK roundup: North Yorks, PPF, PADA
[17:10 CET 17-02] UK – North Yorkshire Pension Fund is planning to tender a "plain vanilla" corporate bond portfolio as it seeks the best way to deploy assets currently invested with European Capital Management (ECM).
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Fund managers waver over 2010 growth
[16:50 CET 16-02] GLOBAL - Fund managers are expecting only modest economic growth this year according to two new surveys published today, one of which suggests there has been a fresh loss of confidence in the European investment market.
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News
BPF Bouw rebuilds ground to grant indexation
[16:45 CET 16-02] NETHERLANDS - The recovery of BPF Bouw, the €26bn pension fund for the building industry, has been so successful that it is already able to grant all its participants 1.45% indexation.
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UBS Global AM under renewed pressure following dismissals
[16:00 CET 15-02] UK - UBS Global Asset Management has suffered dismissals by two UK local authority pension schemes.
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Two UK authorities review Mercer contract
[16:00 CET 15-02] UK - Mercer’s investment consulting team is under review at two UK local authority pension schemes.
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FRR rebounds to hold €33bn in assets
[16:30 CET 12-02] FRANCE – Fonds de Reserve pour les Retraites (FRR), the French national pension reserve, saw its assets recover to €33.3bn by the end of 2009, thanks to a 15% gain led by the equities rally.
