All IPE articles in June 2007 (Online) – Page 5
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News
AP1 head Sandeberg to retire
[11:58 CEST 15-06] SWEDEN – William af Sandeberg is stepping down as chief executive of the largest Swedish buffer fund AP1.
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Bosch chooses actuary
[16:56 CEST 15-06] GERMANY – White goods producer Bosch has chosen BodeHewitt as its pensions actuary for the company from 2008.
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Straatman warns of volatility risk
[16:59 CEST 15-06] EUROPE - Pension funds should now be looking to decrease their investment risk rather than introduce more because volatility risk is likely to rise, according to a former Dutch pension fund executive.
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Long-term bond yields drive Irish funding level
[17:00 CEST 15-06] IRELAND – Irish corporate pensions’ funding levels have improved by 20% since the beginning of this year because of increasing long-term bond yields, according to consultants Mercer.
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BP seeks new CIO
[17:00 CEST 15-06] UK – Colin Maltby is stepping down as head of investments of the BP Pension fund.
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CEIOPS to study IORP interpretations
[17:01 CEST 15-06] EUROPE – The Committee of European Insurance and Occupational Pensions Supervisors (CEIOPS) is investigating how many interpretations of the European Unions' IORP directive are likely to emerge.
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SNS to expand securities presence with FBS takeover
[17:01 CEST 15-06] NETHERLANDS – SNS Bank’s securities business is in talks to buy specialist securities firm and institutional investment manager FBS Bankiers for an undisclosed amount.
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Legislative move set to boost Turkish pensions
[17:12 CEST 15-06] TURKEY – Turkey’s president Ahmet Necdet Sezer has approved a law which is expected to lead to a growth of the country’s private pensions sector.
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News
Outgoing Schroders head to join Fortis
[11:07 CEST 18-06] GERMANY – Martin Theisinger, currently German head for Schroders Investment Management, will join Belgian manager Fortis Investments in September as its new head of client relationship management for Germany, Austria and CEE.
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News
Luxembourg FDC appoints 18 managers
[11:58 CEST 18-06] LUXEMBOURG – The Fonds de Compensation commun au regime general de pension (FDC) has appointed 18 managers for a total of €3.8bn.
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IPE-QUEST: €67m European equities mandate
[16:55 CEST 18-06] NORDICS – A Nordic financial institution is tendering a $90m (€67m) active European equities mandate on behalf of a pension fund.
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News
Active managers hindered by fund size - research
[16:55 CEST 18-06] GLOBAL – Most investment funds are too big to provide active managers with the flexibility needed to outperform the benchmark significantly, new research confirmed.
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The Pensions Trust turns Euro focus to Axa Rosenberg
[16:56 CEST 18-06] UK - The Pensions Trust has appointed quants specialist Axa Rosenberg to manage a £345m (€510m) European equity mandate.
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News
ICI pension fund wants to be wooed by potential suitors
[16:56 CEST 18-06] NETHERLANDS/UK – The £6.5bn (€9.63bn) Imperial Chemical Industries (ICI) pension fund is warning it expects ICI bidders to engage in up-front talks with the scheme, following failed takeover talks with Dutch paints major Akzo Nobel.
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News
Securities law could hit pension fund returns - KAS
[16:57 CEST 18-06] EUROPE – Pension funds will incur financial losses if legislation preventing the use of voting rights on loaned securities is implemented, Dutch securities services bank KAS Bank has argued.
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News
Private equity markets to fall, warns Munsters
[17:20 CEST 18-06] NETHERLANDS – Roderick Munsters, chief investment officer at the giant Dutch pension fund ABP, says there are opportunities to be had in declining private equity markets.
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Swiss government approves pension funds oversight rules
[11:00 CEST 19-06] SWITZERLAND – The Swiss government has approved a draft law designed to improve pension regulation and tighten best practice standards for pension fund (Pensionskassen) managers.
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News
Caïla leaves French civil service fund
[16:00 CEST 19-06] FRANCE – Philippe Caïla is to leave his role as director of the Etablissement de Retraite Additionnnelle de la Fonction Publique (ERAFP), the mandatory supplementary pension scheme of French public servants.
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Pension organisations gain new heads (amended)
[16:01 CEST 19-06] EUROPE – Both the Irish Association of Pension Funds (IAPF) and the Association of Paritarian Institutions (AEIP) have named new heads for their organisations. (amends positions of AEIP appointments)
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UK Regulator to demand US firm finances pensions
[16:06 CEST 19-06] UK - The Pensions Regulator (TPR) is set to issue its first Financial Support Direction (FSD) and order US company Sea Containers to shore up its UK pension funds.