All IPE articles in July 2008 (Online) – Page 5
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NewsGerman SMEs confused by pension disclosure
[15:36 CEST 17-07] GERMANY – The pension provider Dgbav has warned that smaller companies are struggling with transparency rules for pensions. (amends Dgbav's label)
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NewsSwedish church fund shows faith in SAM
[15:31 CEST 17-07] SWEDEN – Svenska Kyrkans Pensionskassa, the Swedish Church Pension Fund, has allocated SEK250m (€26.3m) in global equities to Sustainable Asset Management (SAM).
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NewsUnilever fund to double commodities
[15:27 CEST 17-07] NETHERLANDS – Progress, the €4bn Dutch pension fund of food and home care products manufacturer Unilever, is looking to double its commodity investments by the end of 2008.
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NewsDutch big four lose €16bn in first half
[15:02 CEST 17-07] NETHERLANDS – ABP, PFZW, PMT and PME are down almost €16bn in the first half of this year following losses on equity and real estate investments.
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NewsPKA campaigns for lower guarantees
[14:28 CEST 17-07] DENMARK – Pensionskassernes Administration (PKA), Denmark’s largest occupational pension fund administrator, will try to persuade members to abandon guaranteed positive returns.
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NewsKingston seeks transition manager for portfolio restructure
[14:14 CEST 17-07] UK – The Royal Borough of Kingston upon Thames is seeking a global transition management provider for its pension fund.
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NewsPersonal accounts charging structure splits industry
[11:51 CEST 17-07] UK – The charging structure for personal accounts has split the pensions industry, with life insurers preferring a combined charge, and other stakeholders favouring a single annual management charge (AMC)
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NewsBuckinghamshire seeks three new managers
[15:41 CEST 16-07] UK – Buckinghamshire County Council is searching for three new investment managers for its pension scheme, with the mandates valued up to £325m (€408m).
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NewsPolish pension funds down 2.6% in H1
POLAND – Polish pension funds reported a fall in the value of their assets of -2.6% for the first half of 2008.
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NewsRecession threat dampens inflation fears
[15:29 CEST 16-07] EUROPE – European fund managers are looking to healthcare stocks as a safe haven as risk appetite plummets, according to Merrill Lynch.
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NewsFalkirk targets passive manager for 'flexibility'
[15:27 CEST 16-07] UK – Falkirk Council Pension Fund is searching for a passive manager to run an equity portfolio worth up to £325m (€410m).
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NewsHSBC launches two emerging economies funds
[14:26 CEST 16-07] EUROPE - HSBC Global Asset Management has launched both a Frontier Markets equity fund and an Emerging Markets Inflation-linked bond fund for European investors.
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NewsDutch government advisor SER goes fiduciary
[13:30 CEST 16-07] NETHERLANDS – The €145m pension fund of the Dutch Social and Economic Council (SER), the body that advises the Dutch government on social and economic policy, has appointed ING/AZL as its fiduciary manager.
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NewsHedge change costs Rabo scheme 65% of returns
[12:13 CEST 16-07] NETHERLANDS – The €10bn pension fund of Rabobank lost 3.1% of its overall return last year thanks to a change of its hedge to protect its cover ratio.
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NewsWednesday people roundup
[12:06 CEST 16-07] GLOBAL – Aon, A.G. Bisset & Co, Pioneer, Aegon, BlackRock, Credit Suisse, Cardano, CAAM, CBRE, Watson Wyatt, Alcentra, HSBC, Invalda.
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NewsGloucestershire loses 'focus' on Hermes
[16:45 CEST 15-07] UK – Gloucestershire County Council has confirmed its £906m (€1.1bn) pension fund terminated its contract with Hermes' UK equity Focus Fund, as the investment had "already seen the best of its market".
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NewsKPN to base benefits rise on prices not wages
[15:44 CEST 15-07] NETHERLANDS - The €3.4bn pension fund of telecoms giant KPN has decided to change its policy on inflation-linked benefits from 80% of the salary index to 100% of the price index.
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NewsBulgaria changes risk options for schemes
[15:38 CEST 15-07] BULGARIA – The Bulgarian government has agreed to implement changes proposed by the Financial Supervision Commission to enable different risk levels in the third pillar and raise the equity cap for second pillar funds.
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NewsDKK115bn PKA eyes hedge funds and bank loans
[15:23 CEST 15-07] DENMARK – Pensionskassernes Administration (PKA), Denmark’s largest occupational pension fund administrator, is looking to make its first allocation to hedge funds.
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NewsCamden starts first phase of portfolio restructure
[14:55 CEST 15-07] UK – The London Borough of Camden has started the restructuring of its pension fund portfolio, issuing tenders for passively-managed securities, fixed income and active global equities.
