Investor Strategy – Page 175
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Stats reveal fewer second-pillar pensions
[10:51 CEST 21/05] GERMANY – Almost 20% fewer German employees signed a contract with a Pensionskasse in the first quarter of 2007 compared with last year.
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TFR changes give birth to three new funds
[17:00 CEST 18/05] ITALY – Italians working in the craftsmen, transport and agricultural sectors now have industry-specific pension funds.
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Art has no taste on pension fund palettes
[16:51 CEST] EUROPE - Investing in works of art is likely to remain outside the scope of pension funds’ interest for the foreseeable future despite recent attempts to increase awareness of the alternative asset class.
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Eureko sale latest blow for F&C
[13:07 CEST 18/05] NETHERLANDS/UK – Dutch insurance giant Eureko is selling some of its shares in F&C Asset Management to finance a push into Central Europe and Turkey, the company has announced.
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IPE-QUEST: Norwegian insurer in real estate search
[10:57 CEST 18/05] NORWAY – A Norwegian insurance company is looking for managers for a real estate portfolio in excess of $40m (€14.8m) using IPE-QUEST.
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M&A research still fails to reach target
[17:06 CEST 17/05] EUROPE - A lack of investment research on mergers and acquisitions is hampering European pension funds’ ability to assess whether deals carry any risks on non-financial grounds, according to a study.
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Finland to widen IORP into DC
[10:55 CEST 17/05] FINLAND – Finland is set to extend the implementation of the European pension fund directive (IORP) to cover defined contribution schemes, according to Matti Leppälä of the Finnish Pensions Alliance (TELA).
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Bedfordshire awards £125m mandate
[10:55 CEST 17/05] UK – The £1.07bn (€1.56bn) Bedfordshire County Council pension fund has found a manager for an additional passive equities mandate.
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ATP chooses BoNY for custody
[10:54 CEST 16/05] DENMARK – The DKK414bn (€55.6bn) Danish pension scheme ATP has chosen Bank of New York to provide global custody for its assets.
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ABP heads for PUB
[16:46 CEST 15/05] NETHERLANDS – The board of Europe's largest pension fund is close to implementing fundamental changes to its structure, to stave off regulatory pressure on its additional insurance products, Jaap Maassen said today.
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Replace SRI with sustainable approach - Watson Wyatt
[16:45 CEST 15/05] UK – Pension fund managers may be able to meet their fiduciary duty and engage with companies on environmental, social and corporate governance (ESG) issues if they opt for sustainable investment strategies, suggests Watson Wyatt.
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First ETF to track FTSE All-Share
[13:00 CEST 15/05] UK – London is set to become one of the largest ETF trading places in Europe, according to Lyxor Asset Management.
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Aegon taps A&O for administration
[13:00 CEST 15/05] NETHERLANDS – Dutch insurance and pension company Aegon will farm out part of its pension administration business to A&O Fund Management.
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ABP may vote no to Groenink's Shell job
[13:09 CEST] NETHERLANDS – Pension giant ABP is considering voting against the appointment of beleaguered ABN Amro chairman Rijkman Groenink onto the supervisory board of Anglo-Dutch oil giant Shell.
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PGGM contracts new €54m headquarters
[17:01 CEST] NETHERLANDS – The €83bn Dutch pension fund PGGM has commissioned construction firm Ballast Nedam to build its new €54m headquarters.
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DNB faces pensioner healthcare pressure
[17:15] NETHERLANDS - The Dutch Central Bank (DNB), the main regulator of the Dutch pension sector, is facing its own pension crisis over the coming weeks as ex-employees of the DNB are taking the bank to court in relation to lower overall benefit payments.
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AP7 in major portfolio overhaul
SWEDEN – In a major revamp of its portfolio the SEK80bn (€8.8bn) Swedish buffer fund AP7, Sjunde AP-fonden, shows more appetite for risk but not for hedge funds.
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Czech merger brings funds down to nine
CZECH REPUBLIC – Two Czech pension funds, Zemsky and CSOB Progres are to merge bringing further consolidation in the country's pension market.
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Italian regulator predicts “crucial” half year
ITALY – Pension fund watchdog, Covip, has described the first six months of 2007 as “crucial” in the growth of workplace savings.
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PGGM has majority stake in volatility hedge fund
NETHERLANDS – The €83bn Dutch pension fund PGGM, one of Europe’s largest schemes, has an almost 63% stake in the Maple Leaf Macro Volatility Fund.
