Investor Strategy – Page 141
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News
Rabobank agrees new terms with Syntrus Achmea
[13:30 CEST 02-07] NETHERLANDS - The €11.7bn pension fund of Rabobank will maintain its contract with pension provider Syntrus Achmea, after agreeing new conditions for improved service.
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TPR adds buyouts to toolkit as new code is finalised
[17:20 CEST 30-06] UK – The Pensions Regulator (TPR) has added a new module to its ‘Trustee Toolkit’ providing guidance on buy-ins and partial buy-outs to coincide with the publication of a code of practice relating to the ‘material detriment test’.
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Transparency on pension risks is paramount - Netspar
[17:15 CEST 30-06] NETHERLANDS - Pension funds must make pension risks more transparent to their participants, the Dutch pensions research organisation Netspar believes. Funds should also focus on real guarantees, which should increase with age.
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Dutch gov’t urges schemes to invest in local economy
[16:50 CEST 30-06] NETHERLANDS - The government has called on pension funds to contribute to the economic recovery by investing in the Dutch financial sector.
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USS to invest in evolving hedge funds market
[16:45 CESt 30-06] GLOBAL – The Universities Superannuation Scheme, the UK’s second-largest pension fund, is to begin investing in single strategy hedge funds as officials say they can now get access to the big named brands and corporate governance conditions are improving.
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News
Babcock confirms longevity deal with Credit Suisse
[14:00 CEST 26-06] UK – Babcock International has confirmed trustees of its Davenport Royal Dockyard defined benefit (DB) scheme have signed a longevity swap agreement with Credit Suisse to cap £300m (€328m) of its pensioner-in-payment liabilities.
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News
Investment tide turning towards Japan?
[13:30 CEST 26-06] GLOBAL - Fund managers and investors are turning their attention to the Japanese equity market again as some officials claim the economic downturn means larger Japanese firms may be better equipped to meet the pressures than in other countries.
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News
IORPs should not 'over-react' to crisis
[13:00 CEST 26-06] EUROPE – The impact of the current economic crisis has resulted in closer scrutiny by many European supervisors of occupational pensions and the shared message appears to be pension funds should not over-react, the Committee of European Insurance and Occupational Pensions Supervisors (CEIOPS) has said.
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News
Pension funds pick Thames River for multi-manager
[16:45 CEST 25-06] UK – Thames River Capital has been awarded three institutional mandates, including two UK-based pension funds, for its multi-manager services.
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News
LAPFF M&S resolution garners more support
[16:40 CEST 25-06] UK – The Local Authority Pension Fund Forum (LAPFF) has received backing from proxy voting advisory services for its shareholder resolution to appoint an independent chair to the board of retailer Marks & Spencer by July next year.
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News
Pension funds criticise PwC's Dutch costs study
[16:00 CEST 25-06] NETHERLANDS - The trade bodies of Dutch pension funds have criticised the findings of a comparative study by PrciewaterhouseCoopers on administration costs of collective pension schemes by insurers and pension funds.
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News
Smaller pension funds demonstrate less sophistication
[15:30 CEST 24-06] NETHERLANDS - The strategic portfolio choice of small and medium-sized pension funds is often based on coarse and less sophisticated approaches than larger pension funds, researchers have claimed.
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News
Delegates told crisis shows Swiss systemic weaknesses
[17:00 CEST 23-06] SWITZERLAND – The financial crisis should be seen as a chance to amend the Swiss pension system, delegates at a retirement provision conference in Zurich have been told.
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News
Balanced pension funds pull back short-term gains
[16:25 CEST 23-06] UK – There is now evidence of improvement to three-year equity returns to pension fund assets, as the latest BNY Mellon CAPS pooled pension fund figures show, in the main, assets have continued to recover.
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News
OECD fears pensions backtrack in economic pressure
[16:00 CEST 23-06] GLOBAL – The Organisation for Economic Cooperation and Development (OECD) has warned governments should not to try and deal with short-term challenges in economic conditions by postponing pension reforms as the longer-term impact could be more damaging further down the road.
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NewsMEP pension decision will apply to all members
[17:10 CEST 19-06] EUROPE – The European Parliament has agreed to apply a judgment to all members of the MEPs' pension fund if it loses a legal action over changes to the ABSL voluntary pension scheme, and not just to participants who pursue the case.
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News
FRR lowers equity holding in strategic review
[16:55 CEST 19-06] FRANCE – FRR, the French national pension fund, has completed its strategic asset allocation review and effectively split equities and bonds holdings as well as introduce new standards on the level of returns and volatility set.
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NewsHarvard expert urges 'back to beta basics'
[13:00 CEST 18-06] EUROPE - Institutional investors should rethink their obsession with chasing alpha and 'go back to basics' with asset allocation models based on beta or fundamental risk, claimed Luis Viceira at the 12th Annual Portfolio Management Conference in Frankfurt.
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News
Lower predicted pension returns would reflect investment risk - OECD
[16:00 CEST 15-06] GLOBAL – The Organisation for Economic Cooperation and Development has published fresh evidence suggesting long-term investment returns will have to be revised downwards, as equally weighted portfolios can only 9% returns in jut 10% of cases.
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News
Pensions funds buy back into equities
[16:00 CEST 12-06] NETHERLANDS – Dutch pension funds invested over €21bn in securities again in the first quarter of this year, though the bulk of that money headed for bonds and the purchase of equities did not offset losses, figures from the pensions regulator have revealed.
