All IPE articles in July 2008 (Online) – Page 4
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News
IPE seeks views on European trustee governance
[16:55 CEST 09-07] SURVEY - IPE has commissioned Brian Holden MBE, Chairman of Trustee Risk Managment’s Advisory Service, to undertake a major independent review of the governance principles and structures of European occupational pension funds.
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Barnet seeks scheme actuary
[12:55 CEST 10-07] UK – The London Borough of Barnet is tendering a contract for the provision of actuarial services to its local government pension scheme (LGPS).
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Kingston adds custodian to search list
[13:20 CEST 10-07] UK – The Royal Borough of Kingston upon Thames is seeking a global custodian to provide services to its local government pension scheme.
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Netherlands UWV to evaluate equity managers
[13:30 CEST 10-07] NETHERLANDS - The €3.4bn pension fund of the social security provider UWV is reviewing the managers of its equity mandates following disappointing returns.
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Dutch dentists sack WP Stewart
[13:00 CEST 10-07] NETHERLANDS - SPT, the €1.3bn pension fund for dentists and dental specialists, has terminated its mandate with equity manager WP Stewart due to disappointing returns.
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Liverpool pushes again for Merseyside ethical policy
[14:40 CEST 10-07] UK – Members of Liverpool City Council have voted unanimously to pressure Merseyside Pension Fund to ballot participants on an ethical investment policy.
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Lower Saxony to set up pension fund
[15:00 CEST 10-07] GERMANY – The German state of Lower Saxony (Niedersachsen) is to set up a new pension fund for its civil servants from 2010 in an attempt to cut costs.
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SocGen to launch Serbian pension fund manager
SERBIA – French banking group Société Générale has announced it has received regulatory approval to set up its planned pension fund management company in Serbia.
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Aegon finalises Turkish push
[15:00 CEST 10-07] TURKEY – The Dutch insurer Aegon has confirmed its expansion into Turkey with the completed acquisition of the Turkish pension and life insurance provider, Ankara Emeklilik.
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UK unions warn of BBC pensions strike
UK – Trade unions have warned they may resort to industrial action if the BBC continues with plans to raise employee contributions, despite a £275m surplus.
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Hoogovens fund to strengthen SRI criteria
[15:29 CEST 11-07] NETHERLANDS – Stichting Pensioenfonds Hoogovens, the €5.19bn scheme of Corus Netherlands, is set to implement a new socially responsible investment (SRI) policy for its investments.
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NewsHaringey splits investment and actuarial advice
[15:46 CEST 11-07] UK – The London Borough of Haringey has split the investment and actuarial services for its £605.2m (€757m) pension fund between Hewitt Associates and Hymans Robertson.
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NewsBuyout prices to rise as market hits capacity
[16:07 CEST 11-07] UK – Increased regulatory and accounting pressures are encouraging pension schemes to de-risk, but Pension Capital Strategies (PCS) has warned prices will edge up as a number of players reach capacity.
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NPRF to raise concerns over Zimbabwe investments
[16:10 CEST 11-07] IRELAND – The Commission of the National Pensions Reserve Fund (NPRF) has refuted claims that the fund invests around 3% of its assets in Zimbabwe-based companies.
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Dutch scheme assets drop to €793bn
[16:21 CEST 11-07] NETHERLANDS - Total liabilities of the Dutch pensions sector decreased by €14bn in 2007 thanks to the rise in interest rates, according to pensions regulator De Nederlandsche Bank.
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NewsUkraine's second pillar on hold
UKRAINE – Adverse financial market conditions have led to a further postponement of the introduction of a second pillar in Ukraine.
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PGB’s commodities net 47.2%
[16:32 CEST 11-07] NETHERLANDS - With returns of 47.2%, alternatives were the best performing asset class in 2007 for the €9.8bn pension fund of the printing and publishing industry PGB.
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News
Nordea to launch Estonian pensions business
ESTONIA – Nordea, the Nordic finance group, is to enter the Estonian pension fund market with the planned launch of its Nordea Pensions Estonia pension fund.
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IPE-Quest: €50m small cap US equity tender
[16:52 CEST 11-07] EUROPE – A continental European pension fund has said it is looking for a manager for a €50m USA and Canada core equity small cap brief, using IPE Quest.
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NewsVolkerWessels unable to increase inflation hedge
[12:11 CEST 14-07] NETHERLANDS - The €850m pension fund of building company VolkerWessels won’t be able to raise its 70% hedge of European inflation, because of disappointing returns on investments last year.
