All articles by Jonathan Williams – Page 116
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NewsBlackRock could lose assets, as NPRF expected to re-assess strategy
IRELAND – BlackRock and State Street Global Advisors could lose significantly, with the National Pension Reserve Fund (NPRF) expected to re-assess its investment strategy after the announcement it would support Ireland's bailout with a €10bn payment.
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NewsMandate roundup: IPE Quest, Lambeth, Invesco
EUROPE – A Swiss pension fund has tendered a global, unlisted infrastructure mandate using IPE Quest.
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NewsSwiss prosecutor estimates BVK's Gloor took €1.1m in bribes
SWITZERLAND – The former head of asset management at Switzerland's BVK is believed to have taken CHF1.5m (€1.1m) in bribes between 1997 and 2010, according to Zurich's public prosecutor.
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NewsUK roundup: Sackers, TPR, Lehman Brothers, Nortel, Towers Watson, NAPF, Stewardship Code
UK – Pension law firm Sackers has criticised the stance taken by the UK Pensions Regulator (TPR), as well as Lehman Brothers and Nortel Networks UK (NNUK), during a recent court case over the regulator's Financial Support Directive (FSD).
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NewsNPRF to contribute up to €10bn toward Ireland's EU bailout
EUROPE – The Irish government has announced details of its bailout agreement with the European Union (EU) that will see the National Pensions Reserve Fund (NPRF) contribute as much as €10bn toward the €85bn package.
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NewsUK roundup: Towers Watson, NEST, Balfour Beatty, Daily Mail and General Trust
UK – Towers Watson has warned that large UK companies are likely to shun the National Employment Savings Trust (NEST) in favour of their own pension funds, as they will offer better value over the new defined contribution scheme.
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EDHEC outlines ideal investment strategy for sovereign wealth funds
GLOBAL – The investment strategy of a sovereign wealth fund (SWF) should consist of three basic building blocks, including liability hedging and an endowment-hedging portfolio, according to research by the EDHEC Risk-Institute.
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NewsIrish proposal will change sovereign fund's initial purpose, says IAPF
IRELAND – Ireland's National Pensions Reserve Fund (NPRF) has seen its original purpose of supporting future retirees change in light of the ongoing crisis, Jerry Moriarty of the Irish Association of Pension Funds (IAPF) has said.
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NewsEuropean pension fund seeks to invest $100m in emerging market debt
IPE QUEST – A pension fund is looking to invest as much as $100m (€75m) into emerging market high-yield bonds, while a Danish investor is increasing its Asian equity exposure by $50m, using IPE Quest.
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NewsNEST to levy lower-than-expected contribution charge, AMC of 0.3%
UK – The National Employment Savings Trust has announced its fees structure, levying a 1.8% contribution charge in addition to an annual management charge (AMC) of 0.3%.
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NewsUK mortality revision to increase liabilities by £5bn, warns Aon Hewitt
UK – Revised mortality tables will see pension fund liabilities rise by £5bn across the industry, Aon Hewitt has warned.
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NewsAP6 appoints CEO following Gustafsson departure
SWEDEN – Marianne Dicander Alexandersson has been appointed chief executive of Swedish buffer fund AP6 after a six-month search to replace Erling Gustafsson.
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NewsMandate roundup: Gloucestershire, Hymans Robertson, ESB
EUROPE – The £1bn Gloucestershire Pension Fund is tendering a UK property mandate worth as much as £100m.
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NewsPensionable pay should be capped at £75,000, says PPI
UK – Pensionable pay for public sector workers should be capped at £75,000 a year, the Pensions Policy Institute (PPI) has argued in its latest paper.
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NewsSocial partners must be more involved in pension reform, says AEIP
EUROPE – Europe must allow for greater involvement of social partners in pension reforms and let funded, second-pillar pension systems that are extensions of the state welfare system stand separate from new regulations, the director of the European Association of Paritarian Institutions (AEIP) has warned.
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NewsMandate roundup: AP funds, ESB Ireland, Towers Watson, HM Treasury
EUROPE – The Swedish buffer funds AP1 to AP4 have announced the names of four consultancies to advise on aspects of environmental, social and corporate governance (ESG).
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NewsChristian Elsmark leaves Scottish Widows
EUROPE – Christian Elsmark, managing director, Europe at Scottish Widows Investment Partnership (SWIP), has departed after two years in the role, IPE understands.
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NewsScandinavian institutional investor seeks €100m exposure to investment grade bonds
IPE QUEST – A Scandinavian institutional investor is looking to award a €100m investment grade bond mandate, using IPE Quest.
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NewsUK IMA backs pan-European pensions wrapper in Green Paper submission
EUROPE – The Investment Management Association (IMA) has endorsed the idea of a pan-European pension wrapper in its submission on the European Commission (EC) Green Paper on pensions.
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NewsEC must be cautious when defining pensions, says CEIOPS
EUROPE – The European Commission's Green Paper on pensions must be wary when defining exactly what constitutes a pension or risk excluding existing schemes, the Committee of European Insurance and Occupational Pensions Supervisors (CEIOPS) has warned.
