All IPE articles in July 2006 (Online) – Page 5
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Environment Agency hands €72m to SWIP
UK – The Environment Agency has handed a £50m (€72.6m) “environmentally-friendly” mandate to Scottish Widows Investment Partnership.
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McCreevy to address IPE Awards
EUROPE – Charlie McCreevy, the European Commission’s Internal Market and Services Commissioner, is to address this year’s IPE Awards in Paris on November 30.
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UK pension deficits dragging on investment - CBI
UK – The UK’s growing corporate pension contributions are hitting firms’ profits and investment, according to a survey from the Confederation of British Industry.
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DekaBank keeps mum over revenue, staff reports
GERMANY – DekaBank, the asset manager tied to Germany’s state-owned savings banks (Sparkassen), has declined comment on press reports that 21 managing directors have been demoted and that it will miss its revenue and profit targets for this year.
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UK national ‘multi-manager’ pension scheme seen
UK – The proposed National Pensions Savings Scheme could in effect be a giant ‘multi-manager’ fund, the Investment Management Association says.
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Strathclyde the latest to go unconstrained
UK – The £8.8bn (€12.8bn) Strathclyde Pension Fund has become the latest UK local authority pension fund to “go unconstrained” – seeking investment managers to run assets not benchmarked to an index.
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Third of Irish DB schemes fail funding standard
IRELAND – Almost a third of defined benefit pension funds in Ireland failed to meet the funding standard in 2005, the Pensions Board regulator said.
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Big Dutch funds increase equity trading – paper
NETHERLANDS - The largest Dutch pension funds are becoming more active as equity traders, keeping shares for increasingly shorter periods in their portfolios, a survey has shown.
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DB schemes amplify market volatility – BOE study
UK – Defined benefit pension funds amplify shocks to companies’ shares and affect stock market volatility, according to a Bank of England study.
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Dutch labour foundation rejects portability plan
NETHERLANDS - The European Commission’s proposed directive on pensions portability must be rejected because it will have a negative impact on Dutch pensions, the Labour Foundation, or Star, says.
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UK trustee code goes to Parliament
UK - The Pensions Regulator's code of practice on member-nominated trustees has been laid before Parliament.
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New commercial director at MN Services
NETHERLANDS - Bernard van de Ven has taken over from Pieter Kiveron as commercial director at Dutch pension servicing company MN Services.
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HSBC's actuarial arm nabs Hyman's Justham
UK - HSBC Actuaries and Consultants has hired Hymans Robertson's Gordon Justham as the new head of its Birmingham office.
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PGGM names head of responsible investments
NETHERLANDS - Marcel Jeucken has been appointed head of responsible investments at PGGM, the €74bn scheme announced.
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European Court in preliminary ruling on UK case
EUROPE – The UK government is not liable for the pensions of the former workers of failed industrial group Allied Steel and Wire, according to a preliminary judgment at the European Court of Justice.
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UK schemes buying more long-dated gilts
UK – UK pension funds raised their purchases of longer dated UK government bonds to more than £10bn (€14.5bn) in the first quarter, official statistics show.
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Blue Sky appoints commercial chief
NETHERLANDS - Blue Sky Group, the Dutch pension fund manager which runs the KLM pension fund, has appointed Francis van Bergenhenegouwen as head of commercial affairs.
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Austria’s VBV returns 9.2%
AUSTRIA – VBV, Austria’s biggest multi-employer pension fund with €4bn in assets, has reported a return of 9.2% for 2005 – above the 7.7% for 2004 but below the 11% average for other schemes, known as Pensionskassen.
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Equity, real estate boost Dutch medics
NETHERLANDS – Equity and real estate were the main drivers behind above-benchmark returns at the €4.7bn scheme for Dutch medical consultants, Stichting Pensioenfonds Medisch Specialisten.
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Italian postal fund tenders €100m
ITALY - Fondoposte, the complementary pension fund for Italian postal workers, is looking for managers to manage €100m of assets.
