All IPE articles in July 2007 (Online) – Page 6

News
IPE-QUEST: $30m heading for SRI

2007-07-12T16:00:00Z

[17:00 CEST 12-07] SWITZERLAND – A Swiss pension fund is seeking to appoint a manager for a $30m SRI (€21.8m) mandate, using IPE-Quest.
News
Docters van Leeuwen descends with 10 commandments

2007-07-12T16:00:00Z

[17:00 CEST 12-07] NETHERLANDS – Arthur Docters van Leeuwen, exiting chairman of the Dutch Financial Markets Authority (AFM), has called for greater fiscal transparency and exemption from dividend tax for pension funds.
News
Pearson to pay £273m to plug pension deficit

2007-07-12T13:00:00Z

[14:00 CEST 12-07] UK - Pearson Plc is to make £273.4m (€403.5m) in additional payments into the Pearson Pension Group pension plan over the next eight years to address a shortfall, an official company document reveals.
News
£3bn NI scheme appoints new custodian

2007-07-12T12:09:00Z

[13:09 CEST 12-07] UK – The £3bn (€4.5bn) Northern Ireland Local Government Officers' Superannuation Committee (NILGOSC) has appointed HSBC Securities Services as its new custodian.
News
Italy reaches pension agreement

2007-07-12T10:00:00Z

[11:00 CEST 12-07] ITALY – The minimum pension will be increased from next year, the Italian government and the unions agreed.
News
Wednesday people roundup (amended)

2007-07-11T15:49:00Z

[16:45 CEST 11-07] GLOBAL – PGGM, Credit Suisse, Fortis, Aegon Asset Management, Pioneer, Swisscanto, Ermitage, Northern Trust, HSBC, Hewitt, First-LM (amended), CBRE.
News
Hymans steps up quantitative approach

2007-07-11T15:48:00Z

[16:45 CEST 11-07] UK – The consultant Hymans Robertson will offer its clients a quantitatively-based manager research database to cope with the growing number of asset management products.
News
UK funds may only need one set of actuarial assumptions

2007-07-11T15:47:00Z

[16:45 CEST 11-07] UK – Pension fund trustees will be required to devise an extra set of actuarial assumptions under new regulations on transfer values, but actuaries Hamish Wilson & Co believe funds might get away with only one.
News
Own assessment proposal for Solvency II

2007-07-11T15:46:00Z

[16:45 CEST 11-07] EUROPE - The European Commission's long awaited Solvency II proposal to upgrade legislation for the insurance industry would have insurers assessing their own capital needs in light of all risks by means of a so-called 'own risk and solvency assessment'(ORSA).
News
IPE-QUEST: CHF3bn currency overlay mandate

2007-07-11T15:46:00Z

[16:45 CEST 11-07] SWITZERLAND – A Swiss institutional investor is looking for one or more managers for a CHF3bn (€1.8bn) passive currency overlay mandate.
News
Rethink global equities, says Pioneer

2007-07-11T15:45:00Z

[16:45 CEST 11-07] GLOBAL - Asset managers must rethink the way they present global equity products, according to Pioneer Investments’ global head of institutional business, Paul Price: “The age of the product push is over,” he said today.
News
Dutch media scheme succumbs to SRI pressure

2007-07-11T15:45:00Z

[16:45 CEST 11-07] NETHERLANDS – The €2.5bn Dutch industry wide pension fund PNO Media has announced it will sharpen its social responsible investment (SRI) policy and procedures following pressure from broadcaster Llink.
News
Financial advice "crucial" to pensions growth - EFAMA

2007-07-11T10:00:00Z

[11:00 CEST 11-07] EUROPE – The European Fund and Asset Management Association is calling on European member states to provide greater access to tailored pension provision, financial advice and education to improve individuals’ retirement savings.
News
Bank of England set to reduce pension costs

2007-07-10T16:19:00Z

[17:19 CEST 10-07] UK – The £2bn (€3bn) non-contributory defined benefit scheme for Bank of England employees faces changes as the bank sees pension expenses soar.
News
IPE-QUEST: $125m US equity mandate

2007-07-10T16:17:00Z

[17:16 CEST 10-07] EUROPE – A European multi-manager is using IPE-Quest to appoint a manager for a $125m (€91.7m) all cap and large cap US and Canada equity mandate.
News
CEIOPS to offer mediation in cross-border disputes

2007-07-10T16:12:00Z

[17:12 CEST 10-07] EUROPE – Supervisors in Europe will in future have the opportunity to take disputes over cross-border pension and insurance issues to the Committee of European Insurance and Occupational Pensions Supervisors (CEIOPS).
News
PwC agrees payment in Tyco case

2007-07-10T16:09:00Z

[17:09 CEST 10-07] US – PricewaterhouseCoopers (PwC) is to pay $225m (€165m) in a class action settlement on allegations of accounting fraud at Tyco International.
News
Hamburg railway Pensionskasse is on par with peers

2007-07-10T16:05:00Z

[17:05 CEST 10-07] GERMANY – PHH, a €346m Pensionskasse for employees of Hamburg’s elevated railway, has reported a net return of 5% on its assets for 2006 – unchanged from the previous year.
News
Reforms to deliver pensions through Netherlands' banks

2007-07-10T16:02:00Z

[17:02 CEST 10-07] NETHERLANDS - Dutch banks will soon be allowed to offer tax-friendly pension products on a similar basis as insurers, thanks to government changes to the regulatory regime.
News
Edinburgh local government fund seeks global equities

2007-07-10T12:00:00Z

[13:00 CEST 10-07] UK - Lothian Pension Fund (LPF) is looking for a manager to handle a £150m (€222m) global emerging markets equity mandate.