All IPE articles in June 2008 (Online) – Page 2
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NewsRailPen 'unsure' it can meet PRI criteria
[14:30 CEST 26-06] UK – RailPen Investments, the investment management arm of the £20bn (€25bn) UK Railway pension fund, has yet to join the UN Principles of Responsible Investing (PRI) because of uncertainty about its ability to meet the standards.
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NewsIlliquid assets are greatest risk – Mercer
[14:00 CEST 26-06] UK - Tim Gardener, the former global head of consultancy firm Mercer and now chief global investment strategist, warns illiquid assets are the greatest future risk for investors in an era of climate change.
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NewsCall for pensions tax relief to fund Irish universal pension
[13:30 CEST 26-06] IRELAND – Ireland should significantly reduce tax incentives for occupational and private pension schemes in order to pay for a higher, and universal state pension, a joint paper from Trinity College and the think-tank for Action on Social Change (TASC) has claimed.
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NewsGerman investor mulls Asia pacific replacement
[13:00 CEST 26-06] GERMANY – A German corporate investor wants to launch a €100m Asia Pacific equity all/large mandate and is looking for managers, using IPE-Quest.
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NewsCharity Pensions Trust attacks increased levy (updated)
[12:45 CEST 26-06] UK – The Pensions Trust has revealed it is facing an extra £850,000 (€1.1bn) levy on its schemes, after the Pension Protection Fund (PPF) changed its scaling factor for calculating its risk-based levy.
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NewsAccounting reform to 'double pension burden'
[11:00 CEST 26-06] GERMANY – Changes to the German accounting standards HGB will increase pension obligations significantly, according to Raimund Rhiel, chief executive at Mercer Germany.
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NewsSouthampton Uni appoints Barnett Waddingham
[16:30 CEST 25-06] UK – The University of Southampton has appointed Barnett Waddingham to provide consultancy services for its pension fund for non-academic staff.
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NewsDutch funds see equities fall €32bn
[16:30 CEST 25-06] NETHERLANDS – Dutch pension funds saw the value of their equity portfolios drop by another 6% in the first quarter of 2008 because of continued unrest on the financial markets, the Dutch central bank DNB said today.
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NewsPensions Board action pushes compliance
[16:15 CEST 25-06] IRELAND – The Irish minister for social and family affairs has claimed four successful prosecutions by the Pensions Board in 2007 should "send a message" not to take risks with other people's money.
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NewsPGGM: 'ETFs have serious drawbacks’
[16:00 CEST 25-06] NETHERLANDS – Rob Radecker, head of beta at PGGM, the asset manager of the €88bn Dutch health care fund, believes exchange-traded funds (ETFs) have “serious drawbacks” for large pension fund investors.
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NewsTalking Point: Responsible investment or political interference?
TALKING POINT – Anglo American, the mining giant, issued a statement today on the back of widespread criticism about its plan to invest £200m ($400m) in a platinum mine in Zimbabwe.
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NewsNPRF targets Irish infrastructure
[14:45 CEST 25-06] IRELAND – The National Pension Reserve Fund (NPRF) has reaffirmed its desire to invest at least €200m in domestic public sector projects, particularly as there is likely to be a shortage of funds for these projects going forward.
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News'Disappointed' Fuhr goes it alone
[14:30 CEST 25-06] UK – Deborah Fuhr will now work independently, after the “disappointing” decision confirmed by Morgan Stanley last week to disband her renowned Exchange Traded Funds (ETFs) research, team in its drive to cut jobs.
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News'Keep pension reserves on books' - consultant
[13:30 CEST 25-06] AUSTRIA – Consultancy Arithmetica recommends Austrian companies to keep their pension reserves unfunded for now because of the market turbulences.
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NewsWednesday people roundup
[13:00 CEST 25-06] GLOBAL – People roundup: Bank of England, Ermitage, State Street, CAAM, Watson Wyatt, Faculty of Actuaries, NorthernTrust, Schroders, Morley, Toscafund, Pyramis, GLG Partners, Mercer, Helix Financial, CB Richard Ellis
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NewsPension opt-out ‘inducements’ to be outlawed
[17:00 CEST 24-06] UK – The UK government is making changes to the Pensions Bill which will prevent employers from encouraging or forcing employees to opt out of pensions saving.
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NewsCorporate fund taps into Asia
[17:00 CEST 24-06] EUROPE – A corporate continental European pension fund wants to invest in Asian large-cap emerging market equities via new managers, and is conducting a search using IPE-Quest.
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NewsHermes wins EMG delay at ASMI
[16:40 CEST 24-06] UK/NETHERLANDS – Hermes, the wholly-owned fund manager of the BT Pension Scheme, and other shareholders have used their collective power to force Dutch technology firm ASMI to delay a planned extraordinary shareholder meeting (EGM) being held next month.
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NewsCost-cutting to force Danish pensions mergers
[15:30 CEST 24-06] DENMARK - Denmark is likely to see a wave of mergers between pension funds in the next few years as smaller players jostle to cut costs, according to officials at Denmark’s giant ATP pension fund.
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NewsBasque Country looks at territorial schemes
[15:00 CEST 24-06] SPAIN – A delegation of Basque Country representatives is examining two models of territorial pension funds with the aim of creating a single scheme for all its governmental departments.
