All IPE articles in July 2008 (Online) – Page 7
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NewsAegon 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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NewsSocGen 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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NewsLower 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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NewsLiverpool 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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NewsDutch 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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NewsNetherlands 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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NewsKingston 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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NewsBarnet 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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NewsIPE 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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NewsIAM 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).
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NewsSwiss 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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NewsNorwegian 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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NewsNPRF 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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NewsFund 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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NewsSwissRe '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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NewsWednesday 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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NewsStork 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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NewsTLPs 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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NewsQ3 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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NewsInvestors 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.
