All IPE articles in June 2007 (Online) – Page 8
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News
Lonely voice against ombudsman merger
[17:07 CEST 06/06] UK – The Association of British Insurers (ABI) is opposed to plans to integrate the Pensions Ombudsman (PO) within the Financial Ombudsman Services (FOS).
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News
Kent appoints UK equity manager
[17:04 CEST 06/06] UK – The £2.4bn (€3.6bn) Kent County Council Superannuation Scheme has finalised the restructuring of its UK equities portfolio by naming Invesco Perpetual.
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News
FRR chooses three more for private equity
[17:03 CEST 06/06] FRANCE – The €32bn Fonds de réserves pour les retraites (FRR) has awarded mandates to Pantheon Ventures, Access Capital Partners and Lehman Brothers International Europe.
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News
Confusion over voluntary entry in Romania
ROMANIA – The Private Pensions Commission has changed its mind and will now allow Romanians aged 35 to 45 more time to choose whether or not to join a second-pillar pension fund.
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News
Credit Suisse to diversify LDI into euros
[10:55 CEST 06/06] EUROPE - Credit Suisse is expanding its liability driven investment offering into the European pensions sector with the launch of a Euro Diversified Growth LDI fund later this summer.
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UK pensions ombudsmen to be merged
[16:30 CEST 05/06] UK – Retail and institutional pensions regulatory bodies will remain separate but the UK pensions ombudsmen's offices will be merged, minister for pension reform James Purnell has announced.
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News
BVI fails to get tax breaks for retirement funds
[16:29 CEST 05/06] GERMANY – Fund industry association BVI has failed in its efforts to persuade the government to introduce future tax breaks on investment funds designed for retirement saving.
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News
Co-operative fund on diversification streak
[16:28 CEST 05/06] UK - The new £5.5bn career average Co-operative Group Pension Scheme is adjusting its equity/bond split in favour of diversification into currency, commodities and infrastructure.
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News
ABP taps directly into indexation bonds
[16:27 CEST 05/06] NETHERLANDS – The €212bn Dutch ABP pension fund will increase its asset allocation in indexation bonds to 7% by 2009 via its ‘own instruments’.
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News
BidRoute launches to improve the buy route
[16:26 CEST 05/06] EUROPE - A new trading platform for asset managers, which has the potential to break the stranglehold of the top brokerage firms for portfolio trades, could dramatically improve the quality of trading data fund managers present to clients.
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News
Slovenia takes tentative reform step
SLOVENIA – Early retirement will be penalised under a new law proposed by the Slovenian government but there is no increase in the statutory retirement age.
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News
Basle’s embattled pension scheme set for 2008 bailout
[13:42 CEST 05/06] SWITZERLAND – Basle’s planned bailout of the CHF7.9bn (€4.8bn) pension scheme for its employees should go ahead from 2008 after the terms were sanctioned on Friday by a special committee.
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News
IPE-QUEST: $50m Eastern Europe mandate in Denmark
[10:50 CEST 05/06] DENMARK/GERMANY – A Danish institutional investor is looking for a manager for an active equity mandate in excess of $50m (€37.1m).
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News
PGGM economist Kraneveld joins State Street and SBTK
[17:07 CEST 04/06] NETHERLANDS – Pension heavyweight Peter Kraneveld, former head of international affairs at the €86bn Dutch PGGM fund, has taken up two new advisory positions, IPE has learnt.
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News
Belgian ‘silver fund’ tops €15bn
[17:05 CEST 04/06] BELGIUM – The Belgian ‘silver fund’, the reserve fund set up in 2001 by the federal government to bolster first-pillar pensions, has so far grown to €15.1bn.
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News
BT pension's Sir Tim Chessells to step down
[17:01 CEST 04/06] UK – The £38.3bn (€55.9bn) BT pension fund is looking for a new trustee chairman to start at the end of this year.
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News
Dutch giants go clean
[16:59 CEST 04/06] NETHERLANDS – The two largest Dutch pension funds, ABP and PGGM, will put €500m in “clean technology”, the funds announced in a joint statement today.
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News
Cheshire going all active in bonds
16:56 CEST 04/06] UK – The £2.3bn (€3.4bn) Cheshire County Council pension fund is tendering a £330m active bond mandate.
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News
GMB blames private equity for insolvencies
[16:55 CEST 04/06] UK – A total of £2bn (€3bn) in pension deficits is to be found in companies linked to private equity owners, the GMB union has alleged.
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News
Dax firms see pension liabilities drop €10bn
[12:46 CEST 04/06] GERMANY – Pension liabilities for the 30 firms traded on Germany’s blue-chip Dax index have declined by €10bn since January, according to German pensions consultant Heissmann.
