Investor Strategy – Page 135
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NewsAP6 signals shift in investment strategy
[16:30 CEST 29-10] SWEDEN - Sjätte AP-fonden (AP6), the Sixth Swedish National Pension Fund, has signalled a change of strategy going forward away from investment in "young growth companies".
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NewsDC schemes prevail among German execs
[13:00 CEST 29-10] GERMANY – Occupational pension plans are a fixed part of the remuneration for executives at German large companies, but evidence from consulting firm Mercer suggests most executives are now members of defined contribution (DC) schemes.
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NewsUK roundup: Havering, East Sussex, Lincolnshire
[16:30 CEST 28-10] UK – The London Borough of Havering has issued a tender for a multi-asset absolute return bond manager to run around 5% of the fund, alongside a search for a passive equities manager. East Sussex Council is seeking a provider of a corporate governance overlay service for ...
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NewsGermany sees its first full pensionsfonds transfer
[16:30 CEST 28-10] GERMANY – The German industrial services provider MAN Ferrostaal is transferring its pensionsfonds into the Allianz Pensionsfonds AG.
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NewsFRR assets rise under revised allocation strategy
[16:20 CEST 27-10] FRANCE – Fonds de Reserve pour les Retraites (FRR), the French national pension reserve fund, is making comfortable investment gains under its new asset allocation strategy and now risen by almost 13% since the start of this year.
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Global pensions rebound after 2008 losses
[16:00 CET 26-10] GLOBAL - Last year’s financial downturn caused losses of over $5trn (€3.5trn) to pension funds worldwide, new figures from the Organisation for Economic Co-operation and Development (OECD) show today.
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DC plans need better design – actuaries
[15:45 CET 26-10] EUROPE – Defined contribution plans need risk mitigating features in order to banish their image as a “poor cousin” of defined benefit plans, attendees at the conference of the Groupe Consultatif, the European umbrella organisation of national actuarial associations, were told last week.
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IBOA's legal threat over Ulster pay and pensions
[16:30 CEST 23-10] IRELAND – The Irish Bank Officials Association (IBOA) is preparing to take legal action against Ulster Bank, a subsidiary of the Royal Bank of Scotland (RBS), and has raised concerns with the Pensions Board following a breakdown of talks on pay and pensions.
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Nottinghamshire approves pension merger
[16:15 CEST 23-10] UK – Nottinghamshire County Council has approved the merger of its two local government pension funds (LGPS) following an additional report into the impact on contribution rates.
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Longevity growing faster than UK pensions age target
[16:40 CEST 22-10] UK - Life expectancy may be growing at a faster rate in the UK than the government had anticipated, suggest figures from the Office of National Statistics, and may prompt the need for yet another review of the retirement age, consulting firm Watson Wyatt has suggested.
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Lewisham targets commodities in revised strategy
[15:45 CEST 21-10] UK – The London Borough of Lewisham is seeking a commodities manager as part of the implementation of its revised asset allocation of the £642.2bn (€712.5bn) pension fund.
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UNJSPF grows by €2.7bn in Q3
[16:30 CEST 20-10] GLOBAL – The United Nations Joint Staff Pension Fund (UNJSPF) has reported further growth in the third quarter of 2009 as invesments delivered a return of 12.3%.
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Pension experts tout need for longer-term benchmarks
[17:00 CEST 19-10] GLOBAL – A joint meeting of the OECD and IOPS Global Forum on Private Pensions has been warned a “meaningful” long-term performance measure for pension funds must be found which assess pension funds’ ability to meet income replacement.
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Q4 predicted to be busy for buyouts
[16:00 CEST 19-10] UK - The final three months of 2009 are expected to be the busiest in over a year for pension insurance buy-ins and buy-outs, according to risk management provider Pension Corporation.
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USS attacks PPF levy focus on investment strategy
[14:30 CEST 19-10] UK – The chief executive of the Universities Superannuation Scheme (USS) has labelled the Pension Protection Fund’s (PPF) proposal to consider the investment strategy of schemes when calculating the levy as “inappropriate”.
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Babcock eyes interest rate hedge after governance work
[14:00 CEST 19-10] UK - Babcock international is thinking of hedging interest rates as part of the investment strategy for its five UK pension schemes, following the establishment of a cross-party trustee committee.
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Pension groups dread pan-European fund
[17:20 CEST 16-10] EUROPE – Creating a pan-European pension fund for mobile researchers would not be in the interest of the members of such a scheme, according to representatives at the conference of the European Association of Public Sector Pension Institutions (EAPSPI) in Berlin.
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BT to focus on DC education of members
[16:20 CEST 16-10] UK - Providing individual employees with the right tools, information and opportunities to take personal responsibility for their retirement savings can be considered a paternalistic approach , according to BT.
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Fiduciary management 'causes blurring' between advice and delegation
[17:05 CEST 16-10] UK – The increasing number of players in the fiduciary management market, particularly from within the consultancy space, is blurring the lines between delegation and advisory services, according to Andrew Waring, chief executive of the Merchant Navy Officers Pension Fund (MNOPF).
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AP2 calculates carbon footprint of portfolio firms
[13:00 CEST 15-10] SWEDEN – Andra AP-fonden (AP2), the Second Swedish National Pension Fund, is in the process of calculating the "carbon footprint" of its holdings in around 2,700 companies, in an attempt to better understand the impact if companies are forced to pay for carbon emissions.
