Investor Strategy – Page 142
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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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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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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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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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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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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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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.
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News
PIMCO unveils GDP-based debt strategy
[16:00 CEST 11-06] GLOBAL – PIMCO has launched a new concept in fixed income investing which is said to provide an improved measure of credit market beta by shifting away from market cap weightings and adopting a variety of credit vehicles to deliver counter-cyclical rebalancing.
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News
SSRB consults on future of MP pensions
[16:10 CEST 10-06] UK – The Senior Salaries Review Board (SSRB) has issued a consultation to gather feedback on the future of the Parliamentary Contributory Pension Fund (PCPF), which includes proposals for reducing costs and the possibility of switching to a different pension arrangement.
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News
Arcandor pensions could face the PSV
[17:20 CEST 09-06] GERMANY – Arcandor, the firm behind German high street retail giant Karstadt, may eventually see its defined benefit pension obligations placed in the hands of Germany’s lifeboat fund for pensions, as the firm today announced it had filed insolvency papers.
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News
German funds catch up on SRI
[17:15 CEST 09-06] GERMANY – Approximately 50% of German retirement providers are using ethical criteria within their investments, but not all of them are adopted on a wider scale, a study has claimed.
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News
Alternatives as much to blame as banks - Swiss funds
[16:25 CEST 08-06] SWITZERLAND – Swiss pensionskassen believe the main causes of the financial crisis were a lack of appropriate regulation as well as excessive risks taken by the financial sector, among banks as well as managers of alternative asset classes such as private equity and hedge funds.
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Companies are liquid enough to keep pensions - consultant
[17:15 CEST 08-06] AUSTRIA – Consultancy firm Arithmetica has claimed the recent financial crisis is further proof that occupational pensions are better left on the companies’ books than in separate arrangements.
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News
Fear of DB closures pre-empted tough week for pensions
[17:05 CEST 05-06] UK - Seven out of 10 Britons fear company pension schemes could be closed to all workers because of the tax changes in this year's Budget.
