All IPE articles in July 2008 (Online) – Page 3
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News
FRR to award €3.1bn worth of equity mandates
[16:30 CEST 07-07] FRANCE – FRR, the €33bn French national pension reserve fund, has launched requests for proposals for eight US and Asia Pacific equity mandates, worth €3.1bn in total.
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DWP to discuss reporting concerns with ASB
[16:40 CEST 07-07] UK – The UK government has confirmed it intends to make "representations" to the Accounting Standards Board (ASB) over its proposals to change the way pension fund assets and liabilities are reported.
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News
Fundamental indexing still disliked – IPE survey
[16:35 CEST 07-07] EUROPE – Fundamental indexing strategies still remain unpopular as the vast majority of small and medium-sized European institutional investors indicate they are not even considering the instrument, according to the first IPE/Invesco survey.
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Credit crunch pushes pension flight from equities
[12:15 CEST 08-07] UK – Nearly half of pension scheme managers have shifted their investments from equities to bonds during the past 12 months, according to research released by Aon Consulting.
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Pension deal dies along with coalition
[12:30 CEST 08-07] AUSTRIA – Austrian voters will have to choose a new government as the coalition between the SPÖ and ÖVP parties has broken over pension, health and EU issues.
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Ahold scheme returns compensated by rising rates
[13:00 CEST 08-07] NETHERLANDS - Despite disappointing returns of 0.3%, the cover ratio of the €2.2bn pension fund of food retailer Ahold increased to almost 170% thanks to rising interest rates last year.
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EC lifts hold-up on Ucits IV
[13:30 CEST 08-07] EUROPE - Ucits IV, described as a badly-needed upgrade of European Union rules governing pan-EU cross-border fund movements, is back on the European Commission’s agenda.
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Gov't targets annual reconciliation solution
[14:00 CEST 08-07] UK – The government may use an annual reconciliation mechanism as the solution to the potential benefit gap between personal accounts and employer sponsored schemes caused by the current definition of the "qualifying earnings" limit.
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News
Spilled milk for HS Admin over UK fund
[15:00 CEST 08-07] UK – The £340m (€428m) UK Milk Pension Fund, the multi-employer defined benefit scheme sponsored by employers in the UK dairy industry, has replaced its administrator HS Admin and tapped Aon Consulting.
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Investors back reform of 'disturbing' CRA conduct
[14:30 CEST 08-07] UK – Investors have backed calls for the reform of credit ratings agencies (CRAs) after identifying a lack in professional conduct, according to the Chartered Financial Analysts (CFA) Institute.
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Q3 commodities 'correction' to affect inflation
[16:50 CEST 08-07] GLOBAL – Oil and other commodities will enter a “cyclical correction” in the coming quarter, which will have an effect on economic growth and inflation, according to new research by ABN Amro.
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News
TLPs could be 'foundation' for wider mortality market
[16:55 CEST 08-07] UK – Traded Life Policies (TLPs) could become a successful new asset class and provide a "firm foundation" for the development of the wider life market in trading mortality and longevity-indexed securities and derivatives, according to research from the Pensions Institute at CASS Business School.
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News
Stork pension misses its benchmark
[15:00 CEST 09-07] NETHERLANDS - The €2.5bn pension fund of industrial conglomerate Stork saw an negative return of –0.3% on investments in 2007 - 1% short of its benchmark.
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News
Wednesday people roundup
[15:15 CEST 09-07] APG, TPR, Mercer, New Star, Schroders, DNB, LCP, Northern Trust, Ernst & Young, BlackRock, Hewitt, Aon, Millennium Global Investments, Ermitage, Architas.
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News
SwissRe 'buyout' team to target European schemes
[15:30 CEST 09-07] UK/EUROPE – SwissRe has confirmed it is launching a new division of the company in September which specialises in de-risking solutions for pension schemes, including buyouts.
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News
Fund to award €50m small cap brief
[15:45 CEST 09-07] EUROPE – A continental European pension fund is looking for a manager for a €50m pan-European equity small cap core mandate, using IPE Quest.
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News
NPRF under pressure over Zimbabwe investments
[16:00 CEST 09-07] IRELAND – The Irish National Pension Reserve Fund has come under pressure to conduct a full ethical review of its investment strategy following the discovery that it invests more than €575m in companies operating in Zimbabwe.
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News
Norwegian power company re-tenders DB scheme
[16:15 CEST 09-07] NORWAY – Sogn og Fjordane Energi AS (SFE), the Norwegian power company, is tendering a public contract for the provision of services to its occupational pension scheme.
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News
Swiss pension funds move back to positive ground
[16:30 CEST 09-07] SWITZERLAND – Pensionskassen are back in black for the second quarter but Credit Suisse's calculations are pointing downwards again.
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News
IAM buyout brings solvency relief to Fortis
[16:45 CEST 09-07] UK – International Asset Management (IAM), the fund of hedge fund manager previously owned by ABN Amro Asset Management, has regained its independence in a management buyout (MBO).
