Investor Strategy – Page 164
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NewsClwyd seeks external investment advisers
[16:30 CEST 30-04] UK – Flintshire County Council is looking to appoint a number of providers of external investment advisory services for the £889m (€1.1bn) Clwyd pension fund.
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SNS closes Swiss Life deal
[16:00 CEST 30-04] NETHERLANDS/BELGIUM – Dutch bank insurer SNS Reaal has today announced it has closed the acquisition of Zwitserleven including its asset management arm and Swiss Life Belgium.
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UK schemes’ pooled equity sees biggest quarterly drop
[15:30 CEST 28-04] UK – Weightings to UK equity in domestic balanced pooled funds fell to an all-time low of 41.5% during the first quarter of this year, according to BNY Mellon Asset Servicing.
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TIAA-CREF mulls European co-operation
[14:00 CEST 25-04] GLOBAL – The New York-based Teachers Insurance and Annuities Association-College Retirement Equities Fund (TIAA-CREF), the second largest retirement plan in the US with assets of $435bn, is considering co-operating with European pension funds.
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Lucent pension fund gets name change
[11:00 CEST 25-04] NETHERLANDS – The €547m Dutch pension fund of telecommunication systems manufacturer Lucent Technologies has changed its name following a merger with its sister pension fund Alcatel, IPE has learnt.
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PFZW fund adds voice to life cycle critique
[13:00 CEST 23-04] NETHERLANDS – Peter Borgdorff, head of PFZW, the €90bn Dutch industry-wide pension fund for the healthcare and welfare sectors, has added his fund’s voice to criticism of lifecycle investing.
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Incentives and health determine later retirement
[11:30 CEST 23-04] NETHERLANDS - Financial incentives and individuals’ health determine whether workers want to carry on working when approaching retirement, researchers have found.
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Sweden to relax alternatives regulation
[16:40 CEST 17-04] SWEDEN - The SEK225bn (€24bn) AP3 fund, one of the Swedish buffer funds, is in talks with the Swedish government about the relaxation of alternatives investment rules.
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'Similar countries' could merge pensions - State Street
[16:30 CEST 17-04] GLOBAL – State Street is predicting the changing landscape of pensions could mean “similar countries” may in the future merge their pensions systems or see DB providers offer annuity-style protection to non-members from a DC background.
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Schemes want hedge fund compliance in three years
[16:55 CEST 16-04] UK/GLOBAL – More than 50% of UK pension funds will require hedge fund managers to comply with best practice standards within three years, KPMG has revealed.
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Norway continues strategy despite fund falls
[16:40 CEST 16-04] NORWAY – The Norwegian Government Pension Fund – Global will continue with its plans to "expand its portfolio" and increase its equity allocation as it has a "higher risk-bearing capacity" than other pension funds, the governor of Norges Bank has claimed.
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European investors "too relaxed" about inflation
[15:30 CEST 16-04] GLOBAL – European investors appear to have become oblivious to the risk of inflation and instead remaining highly consumed by the outlook for growth, according to a survey by Merrill Lynch.
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Hymans Robertson gives MPs pensions advice
[13:15 CEST 15-04] UK – The Parliamentary Contributory Pension Fund (PCPF) has appointed Hymans Robertson as its new investment adviser.
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Proposed ASB rules to widen pensions valuations
[12:20 CEST 15-04] UK – Proposed changes by the Accounting Standards Board to pension fund accounting create a discrepancy between the economic valuation of FTSE 100 schemes and those applied under accounting rules worth over £145bn (€181bn), according to figures presented by pensions consultancy firm Redington Partners.
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NewsUnion federation says yes to pensions deal
[16:10 CEST 14-04] AUSTRIA – The 1,200 employees of the union federation ÖGB agreed to plans by the management to start funding pension liabilities.
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Oxford reviews TAA after poor performance
[16:00 CEST 09-04] UK – Oxfordshire County Council pension fund is to review its Tactical Asset Allocation(TAA) strategy, managed by UBS, and has asked the fund manager about the possibility of returning £575,000 (€720,820) in performance fees after performance "deteriorated".
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Europe champions governance, risk and LDI – Mercer
[16:30 CEST 07-04] EUROPE – Better governance and risk management, along with increased allocations to alternatives and liability-driven investment strategies are the main agenda points in 2008 for European pension funds, consultancy firm Mercer has found.
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Norway pension fund allocates 5% to real estate
[16:00 CEST 07-04] NORWAY – Europe’s largest pension fund, the NOK2136bn (€267bn) Norwegian Government Pension Fund – Global, has said it will switch 5% of its asset to real estate, while moving more into emerging markets.
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Unilever to close its Danish DB fund
[16:00 CEST 04-04] DENMARK - Unilever’s Danish subsidiary is closing its in-house pension fund operation next month, and the entire scheme is being outsourced to financial services group Nordea, according to the fund’s manager.
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SBZ seeks real estate and SRI managers
[12:15 CEST 04-04] NETHERLANDS – SBZ, the €2.57bn industry-wide pension fund for care insurers, is looking to make changes to its environmental, social and governance structure and its real estate portfolio as part of its earlier swap to fiduciary management.
