All IPE articles in July 2007 (Online) – Page 3

News
Actuarial data creates £20bn mortality rate “margin” - KPMG

2007-07-24T14:30:00Z

[15:30 CEST 24-07] UK – Differing mortality rate assumptions used by pension fund advisers could be contributing a “margin of error” in pension fund liabilities of around £20bn, suggests research.
News
Italy and Finland face dividend spotlight

2007-07-24T11:30:00Z

[12:30 CEST 24-07] EUROPE – The European Commission has taken its first steps towards action against the Italian and Finnish governments for imposing higher dividend taxes on overseas pension funds.
News
IPE Quest: Dutch fund seeks emerging markets manager

2007-07-24T10:45:00Z

[11:45 CEST 24-07] NETHERLANDS – An unnamed Dutch pension fund, aided by consultancy firm Towers Perrin in The Netherlands, is seeking a manager for a $11m (€8m) global emerging markets (GEM) equity mandate, using IPE-Quest.
News
LPFA moves property from UTs to mandate

2007-07-23T15:30:00Z

[16:30 CEST 23-07] UK - The London Pensions Fund Authority (LPFA) has appointed ING Real Estate to manage a £150m (223m) global property mandate.
News
Suffolk signs three firms to handle £255m in equities

2007-07-23T15:30:00Z

[16:15 CEST 23-07] UK – Suffolk County Council Pension Fund has awarded three mandates to manage its equity investments, following a change in allocation strategy.
News
Court approves first Parmalat settlement

2007-07-23T15:15:00Z

[16:15 CEST 23-07] GLOBAL – A New York City court, overseeing the class action in the Parmalat case, has approved the $50m (€37m) partial legal settlement related to the Italian firm’s 2003 collapse.
News
German construction fund bucks equity investment trend

2007-07-23T15:00:00Z

16:00 CETS 23-07] GERMANY – ZVK, a €2.9bn Pensionskasse (insurance-type scheme) for Germany’s construction sector, was one of the few among its peers that raised its equity exposure in 2006 – another year of positive stock market returns.
News
SBZ reduced property stake by one-third

2007-07-23T14:30:00Z

[15:30 CEST 23-07] NETHERLANDS – SBZ, the industry-wide pension fund for care insurers, said it has decreased its investments in property by 5% to 10% of its total portfolio and will focus its immediate attention on Dutch direct real estate.
News
Alecta returns could bring lower premiums

2007-07-23T14:00:00Z

[15:00 CEST 23-07] SWEDEN – Alecta, the occupational pensions specialist, may reduce employer contribution premiums as improved returns in the first six months of this year have tipped its solvency ratio above the maximum required.
News
Flemish Moorslede to create pension fund

2007-07-23T13:00:00Z

[14:00 CEST 23-07] BELGIUM – The Flemish municipality Moorslede has tendered a mandate for a new pension fund for its civil servants.
News
Italy agrees last-minute retirement deal

2007-07-20T16:00:00Z

[17:00 CEST 20-07] ITALY - The Italian government has finally reached agreement with trade unions on pension reforms to gradually raise the country’s State retirement age.
News
Equity gives PMT and SPF positive returns

2007-07-20T15:50:00Z

[16:50 CETS 20-07] NETHERLANDS - The industry-wide pension fund for the metalworking and mechanical engineering PMT has made a modest return of 1.4% during the second quarter.
News
NPRF takes advantage of bond values

2007-07-20T15:30:00Z

[16:30 CEST 20-07] IRELAND – Falling bond markets allowed the National Pensions Reserve Fund (NPRF) to complete its government bond allocation and return 6.9% in the first half of this year.
News
Cumbria introduces global equity and alternatives focus

2007-07-20T15:00:00Z

[16:00 CEST 20-07] UK - Cumbria County Council is making its first move into investing in alternatives with the appointment of asset manager Blackrock, as well as shift into global equities.
News
Agency seeks environmental corporate bonds

2007-07-20T14:30:00Z

[15:30 CEST 20-07] UK - The Environment Agency has handed Royal London Asset Management the contract to manage a £55m (€81.5m) UK corporate bonds mandate, with SRI restrictions on the type of investments selected.
News
West Midlands awards ING £560m property mandate

2007-07-20T14:00:00Z

UK - The £7.8bn (€11.6bn) West Midlands Metropolitan Pension Fund has awarded ING Real Estate a £560m advisory mandate to manage its UK direct property portfolio.
News
Construction major signs €425m return portfolio

2007-07-20T13:00:00Z

[14:00 CEST 20-07] NETHERLANDS – The €850m pension fund of Dutch construction group VolkerWessels have appointed specialist Swiss asset manager EIM Group to manage a €425m absolute return portfolio, IPE has learnt.
News
Watson Wyatt completes Heissmann acquisition

2007-07-20T12:30:00Z

[13:30 CEST 20-07] GERMANY – Watson Wyatt has completed its acquisition of Heissmann, Germany’s leading pensions actuarial and pensions consulting firm with 360 employees and annual revenues of above €50m.
News
Cardano debuts new consultancy model in UK

2007-07-19T16:00:00Z

[17:00 CEST 19-07] UK - Cardano, the Rotterdam-based consultant specialising in derivatives and risk, is now actively competing against mainstream UK firms for investment consulting business.
News
IPE Quest: Swiss fund seeks real estate FoF

2007-07-19T15:45:00Z

[16:45 CEST 19-07] SWITZERLAND – A Swiss corporate pension fund is looking a manager to handle a $10m (€7.2m) pan-European real estate fund of funds mandate, using IPE Quest.