All IPE articles in July 2007 (Online) – Page 4

News
Legal battle over Vera/Pevos fund collapse to continue

2007-07-19T15:30:00Z

[16:30 CEST 19-07] SWITZERLAND – The public prosecutor for the Swiss canton of Solothurn has scored a legal victory in its campaign against those whom it deems responsible for the collapse of the Vera/Pevos pension fund.
News
PAIFS to match REITs tax status

2007-07-19T15:00:00Z

[16:00 CEST 19-07] UK – Pension funds and charities will no longer face a tax penalty if they invest in UK property authorised investment funds (PAIFs) from next year as government reforms will give the investments tax status equal to real estate investment trusts (REITs).
News
Major Dutch schemes boosted by interest rates

2007-07-19T15:00:00Z

[16:00 CEST 19-07] NETHERLANDS - The coverage ratio of the largest Dutch pension funds has risen considerably in the last six months thanks to an increase in long-term interest rates and a resulting drop in liabilities.
News
Mortality assumptions increase liability by £50m

2007-07-19T13:30:00Z

[14:30 CEST 19-07] UK – Pension schemes’ liabilities could increase by a quarter because of the wide range of mortality assumptions used, a study has found.
News
PensionDanmark allocates equity to Europe

2007-07-19T13:00:00Z

[14:00 CEST 19-07] DENMARK - Danish pension fund PensionDanmark has added a new fund management house to its list of external managers through the award of an active European equity mandate.
News
Hampshire stays with Bramdean alternatives

2007-07-19T11:02:00Z

[12:02 CEST 19-07] UK – The £2.5bn (€3.7bn) Hampshire County Council Pension Fund has renewed its contract with UK-based multi-manager Bramdean Asset Management in a push for alternatives, IPE has learnt today.
News
Pan-European foundation could raise “serious” class actions

2007-07-18T15:45:00Z

[16:45 CEST 18-07] EUROPE - Europe could still be some way off from regularly handling local class action suits unless a pan-European legal foundation can be established matching US standards, according to legal experts.
News
Institutions wade into ABN battle again

2007-07-18T15:45:00Z

[16:45 CEST 18-07] NETHERLANDS – Several of ABN Amro’s heavy-weight institutional shareholders have spoken out against an external committee tasked with overseeing the takeover of he beleaguered Dutch bank.
News
IPE-QUEST – $250m pan-European equity mandate

2007-07-18T15:45:00Z

[16:45 CEST 18-07] SCANDINAVIA – A Scandinavian pension fund is looking for an active manager for a $250m (€181.7m) pan-European equity mandate, using IPE-Quest.
News
Private equity firms caution on transparency calls

2007-07-18T14:00:00Z

[15:00 CEST 18-07] EUROPE – Private equity associations have cautiously welcomed new proposals to increase transparency of their industry, noting any future requirements must not undermine their competitive position.
News
Bullish institutions focus on pro-cyclical sectors

2007-07-18T13:30:00Z

[14:30 CEST 18-07] GLOBAL – Institutional investors globally have adopted a more pro-cyclical stance amid greater confidence in the strength of global growth and improving risk appetite, a survey has found.
News
AVC investments reveal knowledge gap

2007-07-18T13:30:00Z

[14:30 CEST 18-07] UK – Trustees need to do more to ensure AVC members understand their investment options as a Watson Wyatt survey reveals some investors may have their assets under the wrong risk profile.
News
Newham to build returns in infrastructure

2007-07-18T12:30:00Z

UK – The London Borough of Newham Pension Fund is making its first foray into infrastructure with the award of a £30m mandate.
News
Wednesday people roundup

2007-07-18T11:00:00Z

[12:00 CEST 18-07] GLOBAL – Principal, BlackRock, Buck Consultants, UBS, F&C, SAM, BIAM, BNP Paribas, Bestrustees
News
DNB softens early line on internal supervision

2007-07-17T16:00:00Z

[17:00 CEST 17-07] NETHERLANDS – The Dutch central bank and pension fund regulator (DNB) says it will not initially fine schemes which have yet to implement the newly-required internal supervision.
News
German Pensionskassen give thumbs down to Solvency II

2007-07-17T15:30:00Z

[16:30 CEST 17-07] GERMANY – VFPK, a new lobby for German Pensionskassen, has rejected the idea of applying the EU’s Solvency II insurance regime to its members, arguing the move would increase their costs and limit investment flexibility.
News
KLM schemes move into UK corporate bonds

2007-07-17T15:30:00Z

[16:30 CEST 17-07] NETHERLANDS - The KLM pension funds for cabin staff and flying personnel have allocated 5% of their fixed income portfolios to long-term UK corporate bonds.
News
Indexation label faces six-month delay

2007-07-17T15:00:00Z

[16:00 CEST 17-07] NETHERLANDS - The introduction of the indexation label will be delayed by half a year until July 2008, Social Affairs’ minister Piet Hein Donner has said.
News
Same sex rights present extra Irish pension costs

2007-07-17T15:00:00Z

[16:00 CEST 17-07] IRELAND - Pension schemes could see increased costs as a result of plans by the Irish government to recognise civil partnerships, suggests the Irish Association of Pension Funds (IAPF).
News
FRR ventures into US small cap equities

2007-07-17T15:00:00Z

[16:00 CEST 17-07] FRANCE – The €32bn French reserve fund (FRR) is looking for managers for two US small cap equity portfolios totalling €500m.