All articles by Jonathan Williams – Page 114
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NewsUK DB funds will post 13% returns for 2010, says State Street
UK – Defined benefit schemes returned around 13% in 2010, with the equity market largely contributing to this recovery, according to State Street.
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NewsUK roundup: Towers Watson on S2P, outsourced CIO, Mercer mandates
UK – The introduction of a flat-rate state pension by the UK government could trigger further closures amoung defined benefit schemes, Towers Watson has warned.
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NewsEuropean industry fund seeks emerging market equity manager for $150m brief
IPE QUEST – A European pension fund is looking to invest $150m (€112m) in global emerging market equities, using IPE Quest.
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NewsNew York, Ohio pension funds named lead plaintiffs in BP lawsuit
GLOBAL – New York State Common Retirement Fund has succeeded in being named co-lead plaintiff in its class action suit against BP.
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News
Mn Services wins £450m fiduciary management mandate in UK
UK – The €69bn asset manager Mn Services has been awarded a fiduciary management mandate in the UK, worth £450m (€523m).
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NewsUK roundup: NEST, Mercer, Aon Hewitt, centenarians
UK – Mercer is advising the National Employment Savings Trust (NEST) on the selection of managers tendering for its ethical/socially responsible investment (SRI) equity fund mandate.
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NewsLuxembourg fund association joins EFRP
EUROPE – Two new pension associations have joined the European Federation for Retirement Provision (EFRP), the organisation has announced.
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NewsSwiss consultant seeks to invest CHF50m in convertible bonds
IPE QUEST – A Swiss investment consultant is advising investors about investing CHF50m (€40m) in global bonds, using IPE Quest.
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NewsNordic roundup: Government Pension Fund Global, KPA Pension, Pensionsmyndigheten
EUROPE – The Norwegian Ministry of Finance is tendering for three consultants to advise on both the Norway Pension Fund Global (NPFG) and the Government Pension Fund Norway, the country’s national insurance fund.
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Features
Resolving NEST’s relative unknowns
Until the recent annoucement by the UK government, there were a number of outstanding issues surrounding the National Employment Savings Trust. Jonathan Williams asks whether these have all been resolved
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NewsCross-border pension fund launches stagnated in 2010, says CEIOPS
EUROPE – New figures released by the Committee of European Insurance and Occupational Pensions Supervisors (CEIOPS) show that the number of cross-border IORPs stagnated in 2010, with a net gain of only two new launches.
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NewsSwiss investor seeks exposure to Chinese market
IPE QUEST – A Swiss institutional investor is seeking to award a $500m (€367m) real estate mandate to managers specialising in the Chinese market, using IPE Quest.
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NewsDutch cross-border IORP could launch 15 new schemes in a year
NETHERLANDS – As many as 15 new defined contribution (DC) schemes could open by the end of next year following the introduction of the cross-border Premium Pension Institution (PPI) in the Netherlands, Mercer has predicted.
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News
Two-thirds of ETF assets held in top 100 vehicles, says BlackRock as US breaks $1trn
GLOBAL – Almost two-thirds of all assets in exchange-traded funds (ETFs) are held in the 100 biggest vehicles, new data by BlackRock has revealed.
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NewsWednesday people roundup
GLOBAL – ATP, BNP Paribas Real Estate, ISLA, LD Pension, Russell Indexes, Stork Pension Fund, Syz & Co
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NewsNAPF calls for career average pensions in UK local government schemes
UK – Career-average pensions are the way forward for the public sector, the National Association of Pension Funds (NAPF) has argued in its submission to the Hutton Review.
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News
ATP's Graven Larsen leaves fund for role at FIH Erhvervsbank
DENMARK – Bjarne Graven Larsen is to leave his position as chief investment officer of Denmark’s largest pension fund ATP in the New Year.
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NewsOECD calls on Spain to reform pension system, increase retirement age
SPAIN – Spain has been urged by the Organisation for Economic Co-operation and Development (OECD) to reform its pension system and increase retirement age in an effort to combat a deficit of over 9%.
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NewsNEST to tender SRI mandate, confirms ethical investment option
UK – The National Employment Savings Trust (NEST) is tendering for a global equity socially-responsible investment (SRI) manager after confirming members will be offered an SRI fund as one of several investment options.
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NewsPGGM to purchase stake in UK offshore wind farm
NETHERLANDS – Dutch asset manager PGGM has acquired a 25% share in a wind farm under construction in the Irish Sea for £16m (€19m).
